Essential Properties Realty Trust Inc (NYSE:EPRT) has received an average recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $15.30.

Several research firms have weighed in on EPRT. SunTrust Banks began coverage on Essential Properties Realty Trust in a research report on Monday, July 16th. They set a “buy” rating and a $16.00 price target for the company. Citigroup began coverage on Essential Properties Realty Trust in a research report on Monday, July 16th. They set a “neutral” rating and a $14.00 price target for the company. Barclays began coverage on Essential Properties Realty Trust in a research report on Monday, July 16th. They set an “equal weight” rating and a $15.00 price target for the company. Credit Suisse Group began coverage on Essential Properties Realty Trust in a research report on Monday, July 16th. They set an “outperform” rating and a $15.50 price target for the company. Finally, LADENBURG THALM/SH SH began coverage on Essential Properties Realty Trust in a research report on Monday, July 16th. They set a “buy” rating and a $16.00 price target for the company.

In other Essential Properties Realty Trust news, major shareholder Eldridge Industries, Llc acquired 7,785,611 shares of the stock in a transaction dated Monday, June 25th. The stock was acquired at an average price of $14.00 per share, with a total value of $108,998,554.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Large investors have recently made changes to their positions in the company. Penn Capital Management Co. Inc. purchased a new stake in Essential Properties Realty Trust during the second quarter valued at about $951,000. Segantii Capital Management Ltd purchased a new stake in Essential Properties Realty Trust during the second quarter valued at about $677,000. Dean Capital Investments Management LLC purchased a new stake in Essential Properties Realty Trust during the second quarter valued at about $596,000. Quantitative Systematic Strategies LLC purchased a new stake in Essential Properties Realty Trust during the second quarter valued at about $1,153,000. Finally, Russell Investments Group Ltd. purchased a new stake in Essential Properties Realty Trust during the second quarter valued at about $3,977,000.

Essential Properties Realty Trust stock opened at $13.93 on Friday. Essential Properties Realty Trust has a fifty-two week low of $13.22 and a fifty-two week high of $14.15.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12). analysts predict that Essential Properties Realty Trust will post 0.89 earnings per share for the current fiscal year.

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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