Duff & Phelps Investment Management Co. Purchases 18,850 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Duff & Phelps Investment Management Co. increased its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,053,195 shares of the company's stock after purchasing an additional 18,850 shares during the period. Duff & Phelps Investment Management Co. owned approximately 1.17% of Essential Properties Realty Trust worth $64,224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EPRT. Crowley Wealth Management Inc. bought a new position in Essential Properties Realty Trust in the 4th quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB increased its stake in 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 valued at $34,000 after purchasing an additional 468 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after acquiring an additional 1,119 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Essential Properties Realty Trust by 215.4% during the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock worth $38,000 after buying an additional 827 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Essential Properties Realty Trust by 275.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock valued at $77,000 after purchasing an additional 1,802 shares during the period. 96.98% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EPRT shares. Capital One Financial initiated coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price objective for the company. Scotiabank reduced their price target on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a "buy" rating and a $38.00 price target for the company. Barclays lowered their target price on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Finally, B. Riley lowered Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and raised their price objective for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Three 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, Essential Properties Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $34.91.

Insider Activity

In related news, Director Stephen D. Sautel sold 12,500 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total transaction of $406,750.00. Following the transaction, the director now owns 178,785 shares of the company's stock, valued at approximately $5,817,663.90. The trade was a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Essential Properties Realty Trust Stock Performance

Shares of NYSE EPRT traded up $0.32 during midday trading on Monday, hitting $32.63. 686,746 shares of the company's stock were exchanged, compared to its average volume of 1,353,192. Essential Properties Realty Trust, Inc. has a twelve month low of $24.72 and a twelve month high of $34.88. The firm has a market cap of $6.13 billion, a P/E ratio of 28.60, a PEG ratio of 2.90 and a beta of 1.36. The stock's 50 day moving average price is $31.83 and its 200-day moving average price is $32.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. Equities research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust's payout ratio is presently 103.51%.

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.