Citigroup Raises Essential Properties Realty Trust (NYSE:EPRT) Price Target to $22.00

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Essential Properties Realty Trust (NYSE:EPRT) had its price objective raised by Citigroup from $20.50 to $22.00 in a research note published on Monday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the stock.

EPRT has been the subject of several other reports. Royal Bank of Canada began coverage on shares of Essential Properties Realty Trust in a research note on Friday, July 12th. They issued a sector perform rating and a $21.00 price target for the company. Boenning Scattergood set a $21.00 price target on shares of Essential Properties Realty Trust and gave the stock a buy rating in a research note on Friday, May 10th. Evercore ISI set a $21.00 price target on shares of Essential Properties Realty Trust and gave the stock a hold rating in a research note on Wednesday, August 7th. ValuEngine lowered shares of Essential Properties Realty Trust from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, Berenberg Bank began coverage on shares of Essential Properties Realty Trust in a research note on Tuesday, April 23rd. They issued a buy rating for the company. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Essential Properties Realty Trust currently has a consensus rating of Hold and an average price target of $20.47.

Shares of NYSE EPRT opened at $21.99 on Monday. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $20.81 and a two-hundred day simple moving average of $19.60. The firm has a market capitalization of $1.68 billion, a PE ratio of 42.27, a price-to-earnings-growth ratio of 2.16 and a beta of 0.49. Essential Properties Realty Trust has a 12 month low of $13.05 and a 12 month high of $22.46.

In other Essential Properties Realty Trust news, major shareholder Eldridge Industries, Llc sold 26,288,316 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $19.55, for a total transaction of $513,936,577.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Gregg A. Seibert sold 24,352 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $19.82, for a total transaction of $482,656.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,356,559 shares of company stock valued at $515,289,154. 2.10% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new stake in Essential Properties Realty Trust during the 1st quarter valued at about $37,000. Nisa Investment Advisors LLC bought a new stake in Essential Properties Realty Trust during the 1st quarter valued at about $40,000. Harvest Fund Management Co. Ltd bought a new stake in Essential Properties Realty Trust during the 2nd quarter valued at about $50,000. Coastal Investment Advisors Inc. bought a new stake in Essential Properties Realty Trust during the 2nd quarter valued at about $69,000. Finally, Nvwm LLC bought a new stake in Essential Properties Realty Trust during the 2nd quarter valued at about $70,000. Institutional investors and hedge funds own 74.72% of the company’s stock.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

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Analyst Recommendations for Essential Properties Realty Trust (NYSE:EPRT)

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