Essential Properties Realty Trust, Inc. (NYSE:EPRT) Holdings Raised by Quantbot Technologies LP

Quantbot Technologies LP lifted its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 535.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,978 shares of the company’s stock after purchasing an additional 42,958 shares during the quarter. Quantbot Technologies LP’s holdings in Essential Properties Realty Trust were worth $1,741,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Essential Properties Realty Trust by 95.2% in the third quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $28,000 after buying an additional 399 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in Essential Properties Realty Trust by 8.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company’s stock worth $233,000 after purchasing an additional 542 shares during the period. Creative Planning grew its position in Essential Properties Realty Trust by 4.3% during the 3rd quarter. Creative Planning now owns 13,450 shares of the company’s stock worth $459,000 after purchasing an additional 558 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in Essential Properties Realty Trust by 8.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,890 shares of the company’s stock valued at $269,000 after purchasing an additional 597 shares during the period. Finally, CWM LLC lifted its holdings in shares of Essential Properties Realty Trust by 122.9% in the second quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Down 0.6 %

Essential Properties Realty Trust stock opened at $34.10 on Friday. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 2.85 and a beta of 1.37. The company’s fifty day moving average price is $33.19 and its two-hundred day moving average price is $30.63. Essential Properties Realty Trust, Inc. has a one year low of $23.49 and a one year high of $34.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59.

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

Essential Properties Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were issued 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 yield of 3.40%. Essential Properties Realty Trust’s dividend payout ratio is presently 100.87%.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction of $899,323.61. Following the sale, the chief executive officer now directly owns 446,076 shares in the company, valued at approximately $14,421,637.08. This trade represents a 5.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

EPRT has been the topic of a number of research analyst reports. Truist Financial lifted their price target on Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. UBS Group lifted their target price on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Wedbush initiated coverage on shares of Essential Properties Realty Trust in a research report on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target for the company. Scotiabank boosted their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Finally, Stifel Nicolaus increased their target price on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.44.

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.