Asset Management One Co. Ltd. Lowers Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Asset Management One Co. Ltd. reduced its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,005 shares of the company's stock after selling 24,212 shares during the quarter. Asset Management One Co. Ltd. owned about 0.20% of Essential Properties Realty Trust worth $10,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its stake in Essential Properties Realty Trust by 95.2% in the third quarter. Blue Trust Inc. now owns 818 shares of the company's stock valued at $28,000 after purchasing an additional 399 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Essential Properties Realty Trust by 74.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock worth $34,000 after acquiring an additional 468 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Essential Properties Realty Trust by 215.4% during the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock worth $38,000 after acquiring an additional 827 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of Essential Properties Realty Trust during the third quarter worth approximately $79,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Essential Properties Realty Trust by 58.6% during the third quarter. Advisors Asset Management Inc. now owns 3,218 shares of the company's stock worth $110,000 after acquiring an additional 1,189 shares in the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EPRT shares. Mizuho lifted 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 note on Thursday, November 14th. Capital One Financial started coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price target on the stock. Barclays decreased their price target 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. B. Riley downgraded shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $29.50 to $33.50 in a research note on Wednesday. Finally, UBS Group raised 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 report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Essential Properties Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $34.55.

Essential Properties Realty Trust Trading Down 0.4 %

NYSE:EPRT traded down $0.12 during trading hours on Thursday, hitting $31.81. The company had a trading volume of 1,001,378 shares, compared to its average volume of 1,064,028. The company has a market capitalization of $5.97 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 2.90 and a beta of 1.40. The stock has a 50-day moving average price of $31.59 and a 200 day moving average price of $32.16. Essential Properties Realty Trust, Inc. has a 52 week low of $23.58 and a 52 week high of $34.88. 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 quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. On average, equities research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Tuesday, December 31st. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.29. Essential Properties Realty Trust's payout ratio is 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.