Essential Properties Realty Trust (EPRT) Lowered to “Underperform” at Bank of America

Bank of America lowered shares of Essential Properties Realty Trust (NYSE:EPRT) from a neutral rating to an underperform rating in a research report sent to investors on Thursday, MarketBeat.com reports.

Separately, Zacks Investment Research raised Essential Properties Realty Trust from a sell rating to a hold rating in a research report on Friday, September 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Essential Properties Realty Trust has a consensus rating of Hold and an average target price of $15.13.

EPRT stock traded up $0.01 on Thursday, hitting $13.95. 766,136 shares of the company’s stock were exchanged, compared to its average volume of 516,458. Essential Properties Realty Trust has a 12-month low of $13.05 and a 12-month high of $14.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 12.86 and a current ratio of 12.86.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Monday, November 5th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $25.74 million for the quarter, compared to analysts’ expectations of $25.60 million. Sell-side analysts expect that Essential Properties Realty Trust will post 0.86 EPS for the current fiscal year.

In related news, VP Gregg A. Seibert acquired 8,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was acquired at an average price of $14.31 per share, with a total value of $114,480.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel P. Donlan acquired 2,100 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was bought at an average cost of $13.76 per share, with a total value of $28,896.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 30,100 shares of company stock valued at $427,876.

Hedge funds have recently modified their holdings of the company. Obermeyer Wood Investment Counsel Lllp acquired a new position in shares of Essential Properties Realty Trust in the 2nd quarter valued at about $271,000. Centersquare Investment Management LLC acquired a new position in shares of Essential Properties Realty Trust in the 2nd quarter valued at about $315,000. American International Group Inc. acquired a new position in shares of Essential Properties Realty Trust in the 3rd quarter valued at about $335,000. American Century Companies Inc. acquired a new position in shares of Essential Properties Realty Trust in the 2nd quarter valued at about $423,000. Finally, Rhumbline Advisers acquired a new position in shares of Essential Properties Realty Trust in the 3rd quarter valued at about $484,000. 85.77% of the stock is owned by institutional investors and hedge funds.

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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