Essential Properties Realty Trust (EPRT) Coverage Initiated by Analysts at Stifel Nicolaus

Stock analysts at Stifel Nicolaus initiated coverage on shares of Essential Properties Realty Trust (NYSE:EPRT) in a report released on Monday, April 1st, MarketBeat reports. The brokerage set a “buy” rating and a $21.50 price target on the stock. Stifel Nicolaus’ price target suggests a potential upside of 7.55% from the stock’s previous close.

A number of other brokerages also recently issued reports on EPRT. Zacks Investment Research downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Credit Suisse Group lifted their target price on shares of Essential Properties Realty Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Boenning Scattergood reiterated a “buy” rating on shares of Essential Properties Realty Trust in a report on Wednesday, March 20th. SunTrust Banks lifted their target price on shares of Essential Properties Realty Trust from $17.50 to $20.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Raymond James started coverage on shares of Essential Properties Realty Trust in a report on Monday, February 25th. They issued a “market perform” rating and a $16.70 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Essential Properties Realty Trust presently has an average rating of “Buy” and an average price target of $17.77.

Shares of NYSE EPRT traded up $0.43 during midday trading on Monday, reaching $19.99. 443,750 shares of the stock were exchanged, compared to its average volume of 555,337. The company has a debt-to-equity ratio of 0.67, a quick ratio of 6.18 and a current ratio of 6.18. Essential Properties Realty Trust has a twelve month low of $13.05 and a twelve month high of $20.12.

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue lifted its position in shares of Essential Properties Realty Trust by 7.3% during the 1st quarter. State of Alaska Department of Revenue now owns 11,493 shares of the company’s stock worth $223,000 after purchasing an additional 784 shares during the last quarter. Foundry Partners LLC lifted its position in shares of Essential Properties Realty Trust by 5.0% during the 1st quarter. Foundry Partners LLC now owns 28,320 shares of the company’s stock worth $553,000 after purchasing an additional 1,350 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Essential Properties Realty Trust by 35.0% during the 3rd quarter. Legal & General Group Plc now owns 5,399 shares of the company’s stock worth $77,000 after purchasing an additional 1,399 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Essential Properties Realty Trust during the 1st quarter worth $40,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Essential Properties Realty Trust during the 4th quarter worth $37,000. 98.32% of the stock is owned by institutional investors.

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

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