Raymond James started coverage on shares of Essential Properties Realty Trust (NYSE:EPRT) in a research note issued to investors on Monday, February 25th, Marketbeat Ratings reports. The brokerage issued a market perform rating and a $16.70 price target on the stock.
A number of other brokerages have also recently commented on EPRT. Zacks Investment Research raised shares of Essential Properties Realty Trust from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Thursday, February 14th. Boenning Scattergood began coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 12th. They issued an outperform rating and a $17.00 price objective for the company. Finally, Bank of America lowered shares of Essential Properties Realty Trust from a neutral rating to an underperform rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $16.19.
Shares of NYSE:EPRT traded up $0.82 on Monday, reaching $17.64. The company’s stock had a trading volume of 1,378,100 shares, compared to its average volume of 343,845. Essential Properties Realty Trust has a 52-week low of $13.05 and a 52-week high of $17.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 12.86 and a quick ratio of 12.86.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Friday, March 29th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.84 dividend on an annualized basis and a yield of 4.76%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in Essential Properties Realty Trust by 42.7% during the 4th quarter. American Century Companies Inc. now owns 604,978 shares of the company’s stock valued at $8,373,000 after buying an additional 181,028 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Essential Properties Realty Trust by 55.3% during the 4th quarter. Geode Capital Management LLC now owns 380,292 shares of the company’s stock valued at $5,263,000 after buying an additional 135,474 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new stake in Essential Properties Realty Trust during the 4th quarter valued at about $759,000. Legal & General Group Plc lifted its holdings in Essential Properties Realty Trust by 29.2% during the 4th quarter. Legal & General Group Plc now owns 6,976 shares of the company’s stock valued at $97,000 after buying an additional 1,577 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in Essential Properties Realty Trust during the 4th quarter valued at about $501,000.
About Essential Properties Realty Trust
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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