Essential Properties Realty Trust (NYSE:EPRT) Now Covered by Analysts at Capital One Financial

Capital One Financial began coverage on shares of Essential Properties Realty Trust (NYSE:EPRT) in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage issued an overweight rating and a $35.00 price target on the stock.

A number of other equities analysts have also issued reports on the company. Barclays cut their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Mizuho boosted their price target on Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. UBS Group boosted their price target on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft began coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.92.

Essential Properties Realty Trust Stock Performance

Shares of EPRT opened at $30.75 on Wednesday. The business’s 50 day moving average is $31.72 and its two-hundred day moving average is $32.11. Essential Properties Realty Trust has a 52-week low of $23.58 and a 52-week high of $34.88. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 2.91 and a beta of 1.40. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. Analysts forecast that Essential Properties Realty Trust will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.295 dividend. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.84%. Essential Properties Realty Trust’s dividend payout ratio is presently 102.61%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp grew its stake in shares of Essential Properties Realty Trust by 1.0% in the third quarter. State Street Corp now owns 10,033,209 shares of the company’s stock worth $345,535,000 after purchasing an additional 96,615 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Essential Properties Realty Trust by 2.7% in the third quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company’s stock worth $152,642,000 after purchasing an additional 118,927 shares in the last quarter. FMR LLC lifted its holdings in shares of Essential Properties Realty Trust by 1.9% in the third quarter. FMR LLC now owns 4,138,674 shares of the company’s stock valued at $141,336,000 after buying an additional 76,475 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Essential Properties Realty Trust by 18.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company’s stock valued at $92,246,000 after buying an additional 469,610 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Essential Properties Realty Trust by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company’s stock valued at $89,866,000 after buying an additional 43,179 shares during the period. Institutional investors own 96.98% of the company’s stock.

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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.