Essential Properties Realty Trust Inc. (NYSE: EPRT): The Best-Of-Breed For Investing?


    BlackRock Fund Advisors recently announced the acquisition of new stake in Essential Properties Realty Trust Inc. (NYSE:EPRT). The institutional investor has increased its shareholding in the Real Estate company by 5.14% to 12.28 million shares with purchase of 0.6 million shares. This fresh investment now brings its stake to 13.35% valued currently at $182.2 million. In addition, Principal Global Investors LLC raised its holdings by 4.22 million to 10.83 million shares. And The Vanguard Group, Inc. has lifted its position by 8.38% or 0.76 million shares – to 9.79 million shares.

    With over 0.38 million Essential Properties Realty Trust Inc. (EPRT) shares trading Tuesday and a closing price of $14.60 on the day, the dollar volume was approximately $5.61 million. The shares have shown a negative weekly performance of -2.93% and its price on 07/14/20 gained nearly 0.41%. Currently, there are 91.99M common shares owned by the public and among those 90.52M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for EPRT have a consensus price objective of $17.85. The analysts have set the share’s price value over the next 12 months at a high of $21.00 and a low of $11.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Essential Properties Realty Trust Inc. stock is 2.40 for the next 12 months. The average price target is 21.84% above its last price level and an upside to the estimated low will see the stock lose -26.96% over that period. But an upside of 30.48% will see the stock hit the forecast high price target while mean target price for the stock is $19.50.

    Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 31 of these insider trades were purchases, accounting for 217,277 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 132,126 shares.

    The top 3 mutual fund holders in Essential Properties Realty Trust Inc. are iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 4.63 million shares of the company’s stock, all valued at over $68.72 million. Vanguard Real Estate Index Fund bought 0.32 million shares to see its total holdings expand to 4.03 million shares valued at over $59.76 million and representing 4.38% of the shares outstanding. Vanguard Total Stock Market Index sold 2345.0 shares to bring its total holdings to over 2.6 million shares at a value of $38.64 million. Vanguard Total Stock Market Index now owns shares totaling to 2.83% of the shares outstanding.

    Shares of Essential Properties Realty Trust Inc. (NYSE: EPRT) opened at $14.48, down -$0.06 from a prior closing price of $14.54. However, the script later closed the day at $14.60, up 0.41%. The company’s stock has a 5-day price change of -2.93% and 23.10% over the past three months. EPRT shares are trading -41.15% year to date (YTD), with the 12-month market performance down to -26.34% lower. It has a 12-month low price of $6.08 and touched a high of $29.34 over the same period. Currently, 0.38 million shares have been traded, compared to an average intraday trading volume of 1.46 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.52%, -2.45%, and -28.81% respectively.

    Institutional ownership of Essential Properties Realty Trust Inc. (NYSE: EPRT) shares accounts for 98.96% of the company’s 91.99M shares outstanding. Mutual fund holders own 51.61%, while other institutional holders and individual stakeholders account for 57.03% and 1.67% respectively.

    It has a market capitalization of $1.30B. The stock’s trailing 12-month PE ratio is 22.60, while the earnings-per-share (ttm) stands at $0.65. The company has a PEG of 0.65 and the debt-to-equity ratio at 0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.62% over the week and 5.37% over the month.

    Analysts forecast that Essential Properties Realty Trust Inc. (EPRT) will achieve an EPS of $0.12 for the current quarter, $0.15 for the next quarter and $0.64 for 2021. The lowest estimate earnings-per-share for the quarter is $0.11 while analysts give the company a high EPS estimate of $0.14. Comparatively, EPS for the current quarter was $0.14 a year ago. Earnings per share for the fiscal year are expected to increase by 154.60%, and 8.11% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Essential Properties Realty Trust Inc. (EPRT) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 3 of the 11 advise that investors “hold,” and 1 rated it as a “Sell.”

    Looking at the support for the EPRT, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on June 08, 2020, with the firm’s price target at $20. Scotiabank coverage for the Essential Properties Realty Trust Inc. (EPRT) stock in a research note released on April 16, 2020 offered a Sector Perform rating with a price target of $13. RBC Capital Mkts was of a view on December 18, 2019 that the stock is Underperform, while CapitalOne gave the stock Overweight rating on December 16, 2019, issuing a price target of $29. RBC Capital Mkts on their part issued Sector Perform rating on July 12, 2019.


    Please enter your comment!
    Please enter your name here