Essential Properties Realty Trust (NYSE:EPRT) Cut to “Neutral” at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Essential Properties Realty Trust (NYSE:EPRTGet Rating) from a buy rating to a neutral rating in a research report report published on Wednesday morning, MarketBeat Ratings reports. The Goldman Sachs Group currently has $26.00 target price on the stock, down from their prior target price of $31.00.

EPRT has been the topic of several other reports. Zacks Investment Research upgraded shares of Essential Properties Realty Trust from a hold rating to a buy rating and set a $25.00 target price on the stock in a report on Monday, May 23rd. Raymond James dropped their target price on shares of Essential Properties Realty Trust from $34.00 to $30.00 and set an outperform rating on the stock in a report on Friday, March 11th. Truist Financial dropped their target price on shares of Essential Properties Realty Trust from $32.00 to $28.00 and set a na rating on the stock in a report on Monday, May 16th. Finally, LADENBURG THALM/SH SH raised their target price on shares of Essential Properties Realty Trust from $27.00 to $28.50 in a report on Tuesday, March 1st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of Buy and an average target price of $29.39.

Shares of EPRT stock opened at $22.99 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 3.20 and a current ratio of 3.20. The company has a market capitalization of $3.02 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The company’s 50 day moving average price is $24.26 and its two-hundred day moving average price is $25.86. Essential Properties Realty Trust has a 52 week low of $21.31 and a 52 week high of $32.92.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 13th. Stockholders of record on Thursday, March 31st were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.52%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 118.18%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in shares of Essential Properties Realty Trust by 85.1% in the first quarter. Quadrant Capital Group LLC now owns 1,142 shares of the company’s stock valued at $29,000 after purchasing an additional 525 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Essential Properties Realty Trust by 218.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,594 shares of the company’s stock worth $75,000 after buying an additional 1,779 shares during the last quarter. Prospera Financial Services Inc acquired a new position in Essential Properties Realty Trust during the first quarter worth $128,000. Schroder Investment Management Group increased its holdings in Essential Properties Realty Trust by 1,374.9% during the third quarter. Schroder Investment Management Group now owns 5,590 shares of the company’s stock worth $156,000 after buying an additional 5,211 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new position in Essential Properties Realty Trust during the first quarter worth $157,000. Institutional investors own 95.24% of the company’s stock.

Essential Properties Realty Trust Company Profile (Get Rating)

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.

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

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