On June 20, 2023, Bloomberg reported that Essential Properties Realty Trust, Inc. (NYSE:EPRT) has been given a rating of “Moderate Buy” by seven brokerages covering the company’s stock. This real estate firm specializes in acquiring, owning, and managing single-tenant properties throughout the United States. Their clients are typically middle-market companies, such as restaurants, car washes, medical and dental services, and convenience stores.
Of the seven brokerages covering EPRT stock, one analyst gave it a hold rating while the remaining six analysts issued a buy rating for the company. These ratings take into account various aspects of Essential Properties Realty Trust’s performance in the last year as well as the expected potential growth in the future.
Furthermore, in addition to its exceptional rating from analysts and brokers which guarantee promising value and prospects for investment over time,the firm also declared a quarterly dividend on Friday this day July 14th marking record investors will be issued with an impressive $0.28 per share courtesy of Eseential property’s latest boost from previous quarters boosting up annualized yield to $1.12 .The ex-dividend date is Thursday thsday before thus giving ample room for prior notification of recording investors.
In light of these developments over time,the market outlook remains fundamentally bullish in terms of this real estate entity’s scope and potentials towards dollar value accruement over time.It is worth noting at present that EPRT boasts an ever increasing payout ratio (currently standing at $102.80%); consistently matching performance records like this will ensure that Essential Properties Realty Trust maintains its position both as a profitable asset worthy of long-term investments.
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Essential Properties Realty Trust (EPRT) Receives Mixed Ratings from Analysts, While Hedge Funds Make Adjustments to Holdings
Essential Properties Realty Trust (EPRT) has been the focus of several recent research reports, with many analysts adjusting their price objectives and offering ratings for the real estate investment trust (REIT). Stifel Nicolaus recently lowered its price objective to $27.25 from $27.75, while Truist Financial raised its price target from $27.00 to $29.00 in a report on February 27th. Mizuho also increased its price target from $26.00 to $27.00 and issued a “buy” rating in a report on March 9th, while Ladenburg Thalmann/SH SH similarly decreased its price objective from $28.00 to $27.00 and recommended a “buy” rating in a March 23rd research report.
In further coverage, BNP Paribas initiated coverage on Essential Properties Realty Trust on June 14th with an “outperform” rating and a $29.00 price objective for the company.
Shares of the REIT opened at $24.67 on June 20th, reflecting a market capitalization of $3.67 billion, along with a P/E ratio of 23.06 and P/E/G ratio of 3.59 based off the company’s last closing prices. The firm’s beta is currently set at 1.26.
It is worth noting that hedge funds have made modifications to their holdings in EPRT with some picks having garnered more attention than others. Profund Advisors LLC increased its stake by 4% during Q4 as compared to Q3 of last year; abrdn plc hiked up its position by nearly two percent in Q1; State of Alaska Department of Revenue gained just over three-quarters percent during Q1; EverSource Wealth Advisors LLC added over fourteen percent during the same period; whereas Quadrant Capital Group LLC rose nearly fifty percent during Q3 before settling at present-day institutional investor ownership at 97.37%.
Despite the market’s current volatility, Essential Properties Realty Trust is certainly worth keeping an eye on for investors seeking exposure to commercial real estate properties.
Overall, Essential Properties Realty Trust seems to be in a position to weather short-term changes and fluctuations in the market while providing decent returns over time. As with all REITs, however, investors should conduct their own due diligence before investing to ensure the suitability of such investments in their portfolios.