Bank of America Boosts Essential Properties Realty Trust (NYSE:EPRT) Price Target to $16.50

Essential Properties Realty Trust (NYSE:EPRT) had its price objective lifted by Bank of America from $14.00 to $16.50 in a research note issued to investors on Tuesday, March 5th, Marketbeat reports. They currently have an underperform rating on the stock.

A number of other research firms also recently issued reports on EPRT. Raymond James started coverage on Essential Properties Realty Trust in a research note on Monday, February 25th. They set a market perform rating and a $16.70 price target for the company. Boenning Scattergood restated a buy rating on shares of Essential Properties Realty Trust in a research note on Friday, March 1st. Finally, Zacks Investment Research upgraded Essential Properties Realty Trust from a hold rating to a buy rating and set a $18.00 target price on the stock in a research note on Thursday, February 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $16.19.

EPRT stock opened at $17.64 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 6.18 and a quick ratio of 6.18. Essential Properties Realty Trust has a 52-week low of $13.05 and a 52-week high of $17.89.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Friday, March 29th will be paid a $0.21 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.76%.

A number of institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised 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 acquiring an additional 181,028 shares during the period. Geode Capital Management LLC raised 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 acquiring an additional 135,474 shares during the period. BW Gestao de Investimentos Ltda. bought a new stake in Essential Properties Realty Trust during the 4th quarter valued at $759,000. Legal & General Group Plc raised 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 acquiring an additional 1,577 shares during the period. Finally, Thrivent Financial for Lutherans bought a new stake in Essential Properties Realty Trust during the 4th quarter valued at $501,000. Institutional investors and hedge funds own 98.68% 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 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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