Essential Properties Realty Trust Inc. (NYSE:EPRT) currently has a daily average trading volume of 1.00M but it saw 1179104 shares traded on Thursday. With a market cap of 3.68B USD, stock’s current market price of $24.32 came rising about 0.25 while comparing to the previous closing price of $24.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $26.75 and as low as $18.88. In the recent trading on the day, stock has struck highest price mark of $24.59 while lowest mark touched by it was $23.85.
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Taking a look at 20-day trading activity of Essential Properties Realty Trust Inc. (EPRT) gives us an average price of $25.33, while its current price level is -9.08% below from 52-week high level whereas it is 28.81% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $24.82 while that of 200 days or SMA-200 reads an average of $22.87. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.55% during that period while stretching the period over a month that decreases to 2.73%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.39 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 10 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 6 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Strong Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Evercore ISI which resumed the stock as “Outperform” in its note to investors issued on September 13, 2022, recommending a price target of $26 for it. BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on August 24, 2022 while assigning a price target of $27. Credit Suisse also issued its recommendations for the stock as it resumed the price target for the stock is $22.
Over the week, EPRT’s stock price is moving -3.57% down while it is -1.42% when we observe its performance for the past one month. Year-to-date it is 3.62% up and over the past year, the stock is showing a downside performance of -1.98%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.26 beat the consensus estimate of $0.24 for the same. For EPRT, analysts are forecasting an EPS-growth rate of 17.10% for current year and estimate for EPS growth in next year is -3.10%. In next quarter, company is expected to be making quarterly sales of $78.02 million as analysts are expecting the sales for current fiscal year at $284.3 million and seeing the company making $329.83 million in sales next year. Moreover, analysts are in estimates of $74.53 million for current-quarter revenue.
Currently, Essential Properties Realty Trust Inc.’s total number of outstanding shares is 142.45M with 1.22% of that held by the insiders while 99.86% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.40% and return on equity (ROE) at 5.70%. It has a price to earnings ratio (P/E ratio) of 24.64 while having a 25.87 of forward P/E ratio. Stock’s beta reads 1.30. Stock has a price to book (P/B) ratio of 1.39 while price to sale or P/S ratio amounts to 12.86. Its return on asset (ROA) is 3.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by 0.21% in the Essential Properties Realty Trust Inc. (EPRT) increasing its stake to 7.50% with control over 22334.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF shunned 10,831,257 of company’s common stock of worth $279.01 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Essential Properties Realty Trust Inc., as Vanguard Real Estate Index Fund dumped 6,299,864 shares of worth $162.28 million to bring its holdings to a total of 4496.0 shares. In the most recent quarter, Vanguard Total Stock Market Index came rising its stake by 0.14% in the company and now holds 4.38 million or 3.04% of the company’s stake having worth of about 112.84 million.
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