Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lifted its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 32.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 956,234 shares of the company's stock after purchasing an additional 232,557 shares during the quarter. ExodusPoint Capital Management LP owned about 0.55% of Essential Properties Realty Trust worth $29,911,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake in Essential Properties Realty Trust by 1.9% during the third quarter. FMR LLC now owns 4,138,674 shares of the company's stock valued at $141,336,000 after purchasing an additional 76,475 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Essential Properties Realty Trust by 5.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 16,458 shares of the company's stock valued at $562,000 after buying an additional 877 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Essential Properties Realty Trust by 434.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,086,529 shares of the company's stock valued at $37,105,000 after acquiring an additional 883,053 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Essential Properties Realty Trust in the 3rd quarter valued at about $246,000. Finally, Janus Henderson Group PLC grew its position in Essential Properties Realty Trust by 10.3% in the third quarter. Janus Henderson Group PLC now owns 100,971 shares of the company's stock worth $3,449,000 after acquiring an additional 9,420 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

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Essential Properties Realty Trust Trading Down 0.2 %

NYSE:EPRT traded down $0.06 during midday trading on Tuesday, hitting $29.28. The stock had a trading volume of 623,853 shares, compared to its average volume of 1,381,584. The stock has a 50-day moving average of $31.82 and a 200 day moving average of $32.33. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 2.90 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a one year low of $24.72 and a one year high of $34.88. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be issued a $0.295 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 4.03%. Essential Properties Realty Trust's dividend payout ratio is currently 103.51%.

Wall Street Analysts Forecast Growth

EPRT has been the subject of several analyst reports. Barclays lowered their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Scotiabank lowered their price target on 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. Capital One Financial began coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a "buy" rating and a $38.00 target price for the company. Finally, B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $29.50 to $33.50 in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Essential Properties Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.91.

Insider Activity

In related news, Director Stephen D. Sautel sold 12,500 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the completion of the sale, the director now directly owns 178,785 shares in the company, valued at $5,817,663.90. This represents a 6.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.81% of the company's stock.

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.