Intech Investment Management LLC Increases Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Intech Investment Management LLC increased its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 43.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,446 shares of the company's stock after purchasing an additional 20,892 shares during the period. Intech Investment Management LLC's holdings in Essential Properties Realty Trust were worth $2,172,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position 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 during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Essential Properties Realty Trust by 1,834.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after purchasing an additional 1,119 shares during the last quarter. Versant Capital Management Inc grew its position 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 valued at $38,000 after purchasing an additional 827 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of 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 in the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of Essential Properties Realty Trust in the third quarter worth about $79,000. 96.98% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

Several research firms have weighed in on EPRT. Capital One Financial assumed coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price target for the company. Deutsche Bank Aktiengesellschaft started 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. 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 cut shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Finally, Scotiabank decreased their target price on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.91.

Insiders Place Their Bets

In other news, Director Stephen D. Sautel sold 30,000 shares of Essential Properties Realty Trust stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $31.99, for a total value of $959,700.00. Following the transaction, the director now owns 218,785 shares of the company's stock, valued at $6,998,932.15. The trade was a 12.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is currently owned by corporate insiders.

Essential Properties Realty Trust Trading Up 0.2 %

EPRT stock traded up $0.07 during mid-day trading on Tuesday, reaching $32.38. The company had a trading volume of 2,223,644 shares, compared to its average volume of 1,259,320. The company has a market capitalization of $6.08 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36. The firm has a 50 day moving average of $31.73 and a 200 day moving average of $32.39. Essential Properties Realty Trust, Inc. has a 12 month low of $24.72 and a 12 month 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 issued its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share 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%. On average, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 103.51%.

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.