Asset Management One Co. Ltd. Raises Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Asset Management One Co. Ltd. boosted its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 7.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 374,217 shares of the company's stock after acquiring an additional 25,289 shares during the period. Asset Management One Co. Ltd. owned about 0.21% of Essential Properties Realty Trust worth $12,780,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Essential Properties Realty Trust by 4.4% during the first quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company's stock worth $676,561,000 after purchasing an additional 1,060,079 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Essential Properties Realty Trust by 11.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,575,683 shares of the company's stock worth $71,372,000 after buying an additional 264,052 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Essential Properties Realty Trust by 9.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,966,304 shares of the company's stock valued at $54,486,000 after buying an additional 169,222 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Essential Properties Realty Trust by 5,380.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,881,960 shares of the company's stock valued at $52,149,000 after buying an additional 1,847,618 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Essential Properties Realty Trust by 29.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,646,742 shares of the company's stock worth $45,631,000 after acquiring an additional 372,040 shares in the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

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 directly owns 446,076 shares in the company, valued at approximately $14,421,637.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EPRT. UBS Group upped their price objective on shares of Essential Properties Realty Trust from $36.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Truist Financial raised their price target on 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 Essential Properties Realty Trust from $30.00 to $32.00 and gave the company a "sector perform" rating in a research note on Friday, October 11th. Wells Fargo & Company decreased their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Monday. Finally, Wedbush assumed coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They issued an "outperform" rating and a $34.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.83.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock traded up $0.41 during mid-day trading on Thursday, reaching $32.08. The company had a trading volume of 1,245,399 shares, compared to its average volume of 1,342,736. The stock's 50-day simple moving average is $32.89 and its 200-day simple moving average is $29.89. Essential Properties Realty Trust, Inc. has a 1 year low of $22.32 and a 1 year high of $34.51. 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 has a market capitalization of $5.62 billion, a P/E ratio of 27.50, a P/E/G ratio of 2.69 and a beta of 1.37.

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

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust's dividend payout ratio (DPR) is 100.87%.

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.