BNP Paribas Financial Markets Sells 15,690 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

BNP Paribas Financial Markets decreased its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 28.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,015 shares of the company's stock after selling 15,690 shares during the period. BNP Paribas Financial Markets' holdings in Essential Properties Realty Trust were worth $1,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EPRT. Quantbot Technologies LP increased its holdings in Essential Properties Realty Trust by 535.6% during the 3rd quarter. Quantbot Technologies LP now owns 50,978 shares of the company's stock valued at $1,741,000 after purchasing an additional 42,958 shares in the last quarter. FMR LLC increased its stake in shares of Essential Properties Realty Trust by 1.9% in the third quarter. FMR LLC now owns 4,138,674 shares of the company's stock valued at $141,336,000 after buying an additional 76,475 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Essential Properties Realty Trust by 840.9% in the third quarter. Bank of Montreal Can now owns 622,034 shares of the company's stock valued at $21,242,000 after buying an additional 555,926 shares during the last quarter. Truvestments Capital LLC lifted its position in Essential Properties Realty Trust by 11.7% during the 3rd quarter. Truvestments Capital LLC now owns 106,993 shares of the company's stock worth $3,654,000 after buying an additional 11,176 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in Essential Properties Realty Trust by 8.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company's stock worth $233,000 after acquiring an additional 542 shares during the last quarter. Institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Trading Up 0.2 %

Shares of NYSE EPRT traded up $0.08 during midday trading on Monday, reaching $32.75. 879,670 shares of the stock were exchanged, compared to its average volume of 1,314,649. 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, Inc. has a 12 month low of $23.58 and a 12 month high of $34.88. The business has a 50-day simple moving average of $33.09 and a two-hundred day simple moving average of $30.93. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 28.41, a P/E/G ratio of 2.72 and a beta of 1.38.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its 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 business 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 firm's revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. As a group, equities research analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Evercore ISI increased their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Wedbush assumed coverage on Essential Properties Realty Trust in a research report on Monday, August 19th. They set an "outperform" rating and a $34.00 target price for the company. Raymond James raised their price target on Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an "outperform" rating in a report on Wednesday, August 21st. UBS Group boosted their price objective on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Truist Financial raised their target price on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price 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.