Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,815 shares of the company’s stock after purchasing an additional 542 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Essential Properties Realty Trust were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EPRT. Daiwa Securities Group Inc. boosted its holdings in Essential Properties Realty Trust by 17.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 386,711 shares of the company’s stock worth $13,206,000 after buying an additional 56,929 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Essential Properties Realty Trust in the third quarter worth approximately $344,000. Citigroup Inc. increased its position in shares of Essential Properties Realty Trust by 42.9% during the third quarter. Citigroup Inc. now owns 243,172 shares of the company’s stock worth $8,304,000 after purchasing an additional 72,949 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Essential Properties Realty Trust by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,829,776 shares of the company’s stock valued at $96,637,000 after purchasing an additional 141,612 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Essential Properties Realty Trust by 33.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company’s stock valued at $85,491,000 after purchasing an additional 621,445 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Up 0.5 %

Shares of EPRT opened at $33.98 on Wednesday. The company’s 50-day moving average price is $33.16 and its 200 day moving average price is $30.53. Essential Properties Realty Trust, Inc. has a 12-month low of $23.42 and a 12-month high of $34.51. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The firm has a market cap of $5.96 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.78 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The company had revenue of $117.13 million during the quarter, compared to analysts’ expectations of $109.73 million. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. Essential Properties Realty Trust’s revenue was up 27.8% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. On average, sell-side analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. Essential Properties Realty Trust’s dividend payout ratio is currently 100.87%.

Analysts Set New Price Targets

EPRT has been the subject of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Mizuho raised their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Evercore ISI boosted their target price on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Wedbush began coverage on Essential Properties Realty Trust in a report on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target for the company. Finally, Stifel Nicolaus boosted their price objective on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $33.44.

Insider Activity

In related news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the transaction, the chief executive officer now owns 446,076 shares of the company’s stock, valued at approximately $14,421,637.08. This represents a 5.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.