Cornercap Investment Counsel Inc. Sells 19,596 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Cornercap Investment Counsel Inc. trimmed its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 50.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,479 shares of the company's stock after selling 19,596 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Essential Properties Realty Trust were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its position in Essential Properties Realty Trust by 95.2% in the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company's stock valued at $28,000 after buying an additional 399 shares during the last quarter. Asset Dedication LLC purchased a new position in shares of Essential Properties Realty Trust in the 2nd quarter worth $27,000. Quarry LP lifted its position in Essential Properties Realty Trust by 611.3% during the second quarter. Quarry LP now owns 1,195 shares of the company's stock valued at $33,000 after buying an additional 1,027 shares in the last quarter. CWM LLC raised its holdings in shares of Essential Properties Realty Trust by 122.9% during the 2nd quarter. CWM LLC now owns 1,244 shares of the company's stock valued at $34,000 after buying an additional 686 shares during the period. Finally, GAMMA Investing LLC increased its stake in Essential Properties Realty Trust by 116.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,945 shares of the company's stock worth $54,000 after buying an additional 1,046 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EPRT. Truist Financial raised their price target on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Evercore ISI increased their price objective on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Wedbush initiated coverage on Essential Properties Realty Trust in a report on Monday, August 19th. They issued an "outperform" rating and a $34.00 price objective on the stock. Raymond James increased 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. Finally, Wells Fargo & Company cut their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $33.37.

Insider Activity at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 27,817 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction of $899,323.61. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.81% of the stock is owned by company insiders.

Essential Properties Realty Trust Stock Up 0.6 %

Shares of NYSE:EPRT traded up $0.20 during mid-day trading on Friday, reaching $32.86. 823,066 shares of the stock were exchanged, compared to its average volume of 1,340,148. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. Essential Properties Realty Trust, Inc. has a one year low of $23.01 and a one year high of $34.51. The company has a market cap of $5.76 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.75 and a beta of 1.37. The stock's 50 day simple moving average is $33.01 and its 200-day simple moving average is $30.20.

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

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust's dividend payout ratio is currently 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.