Edgestream Partners L.P. Invests $4.95 Million in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Edgestream Partners L.P. acquired a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 158,114 shares of the company's stock, valued at approximately $4,946,000. Edgestream Partners L.P. owned approximately 0.09% of Essential Properties Realty Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp increased its holdings in Essential Properties Realty Trust by 1.0% in the 3rd quarter. State Street Corp now owns 10,033,209 shares of the company's stock worth $345,535,000 after acquiring an additional 96,615 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Essential Properties Realty Trust by 2.7% during the third quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company's stock worth $152,642,000 after purchasing an additional 118,927 shares in the last quarter. FMR LLC raised its position in shares of Essential Properties Realty Trust by 1.9% during the 3rd quarter. FMR LLC now owns 4,138,674 shares of the company's stock worth $141,336,000 after purchasing an additional 76,475 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Essential Properties Realty Trust by 18.9% in the 4th quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company's stock valued at $92,246,000 after buying an additional 469,610 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Essential Properties Realty Trust by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company's stock worth $89,866,000 after buying an additional 43,179 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company's stock.

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Essential Properties Realty Trust Trading Down 1.0 %

Shares of Essential Properties Realty Trust stock traded down $0.30 on Wednesday, reaching $30.81. The company had a trading volume of 1,466,671 shares, compared to its average volume of 1,256,152. The firm's 50 day moving average price is $31.66 and its two-hundred day moving average price is $32.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. Essential Properties Realty Trust, Inc. has a 52-week low of $24.72 and a 52-week high of $34.88. The firm has a market cap of $5.78 billion, a PE ratio of 27.03, a PEG ratio of 2.90 and a beta of 1.36.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio (DPR) is 103.51%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays lowered their price target on 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. UBS Group lifted 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 note on Thursday, November 14th. Scotiabank reduced their target price 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. Mizuho boosted their price target 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They set a "buy" rating and a $38.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $34.48.

Insider Activity at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 30,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $31.99, for a total transaction of $959,700.00. Following the sale, the director now owns 218,785 shares of the company's stock, valued at approximately $6,998,932.15. This represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is currently owned by company insiders.

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.