Exchange Traded Concepts LLC Has $2.33 Million Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Exchange Traded Concepts LLC cut its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,581 shares of the company’s stock after selling 14,567 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Essential Properties Realty Trust were worth $2,333,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Selective Wealth Management Inc. lifted its stake in shares of Essential Properties Realty Trust by 1.9% in the fourth quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company’s stock worth $673,000 after buying an additional 395 shares during the last quarter. Blue Trust Inc. lifted its stake 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 last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Essential Properties Realty Trust by 74.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after buying an additional 468 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of Essential Properties Realty Trust by 8.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company’s stock worth $233,000 after buying an additional 542 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Essential Properties Realty Trust by 4.3% in the third quarter. Creative Planning now owns 13,450 shares of the company’s stock worth $459,000 after buying an additional 558 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Trading Up 0.5 %

Shares of Essential Properties Realty Trust stock opened at $31.41 on Monday. The firm has a market capitalization of $5.51 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.85 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. The company’s fifty day moving average price is $32.26 and its two-hundred day moving average price is $31.99. Essential Properties Realty Trust, Inc. has a 52-week low of $23.58 and a 52-week high of $34.88.

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.295 dividend. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.76%. Essential Properties Realty Trust’s dividend payout ratio is presently 102.61%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EPRT. Truist Financial boosted their price objective on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Scotiabank boosted their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Monday, November 25th. Mizuho boosted 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 report on Thursday, November 14th. UBS Group boosted their target price on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Barclays started coverage on shares of Essential Properties Realty Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $35.94 target price on the stock. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $33.91.

Essential Properties Realty Trust 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.