Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 434.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,086,529 shares of the company's stock after purchasing an additional 883,053 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.62% of Essential Properties Realty Trust worth $37,105,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EPRT. Price T Rowe Associates Inc. MD increased its holdings in Essential Properties Realty Trust by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,838 shares of the company's stock valued at $2,369,000 after purchasing an additional 5,672 shares in the last quarter. GAMMA Investing LLC boosted its position in Essential Properties Realty Trust by 116.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,945 shares of the company's stock valued at $54,000 after buying an additional 1,046 shares during the last quarter. CWM LLC boosted its position in Essential Properties Realty Trust by 122.9% in the 2nd quarter. CWM LLC now owns 1,244 shares of the company's stock valued at $34,000 after buying an additional 686 shares during the last quarter. QRG Capital Management Inc. boosted its position in Essential Properties Realty Trust by 21.8% in the 2nd quarter. QRG Capital Management Inc. now owns 63,787 shares of the company's stock valued at $1,768,000 after buying an additional 11,413 shares during the last quarter. Finally, Vanderbilt University boosted its position in Essential Properties Realty Trust by 347.6% in the 2nd quarter. Vanderbilt University now owns 42,416 shares of the company's stock valued at $1,175,000 after buying an additional 32,939 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the sale, the chief executive officer now owns 446,076 shares in the company, valued at approximately $14,421,637.08. This trade represents a 5.87 % 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 this link. 0.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EPRT shares. Mizuho upped their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Wedbush assumed coverage on shares of Essential Properties Realty Trust in a research report on Monday, August 19th. They issued an "outperform" rating and a $34.00 price objective for the company. Scotiabank increased their price target on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Monday, November 25th. Truist Financial increased their price target on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Finally, Raymond James increased their price target on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 21st. Two research 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, the company currently has an average rating of "Moderate Buy" and an average target price of $33.44.

Essential Properties Realty Trust Stock Performance

NYSE EPRT traded up $0.23 during trading hours on Wednesday, reaching $33.28. The company's stock had a trading volume of 321,510 shares, compared to its average volume of 1,318,339. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The business has a 50-day simple moving average of $33.15 and a 200 day simple moving average of $30.81. Essential Properties Realty Trust, Inc. has a 52 week low of $23.58 and a 52 week high of $34.88. The stock has a market cap of $5.84 billion, a PE ratio of 28.94, a PEG ratio of 2.78 and a beta of 1.38.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.16). Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The business had revenue of $117.13 million during the quarter, compared to the consensus estimate of $109.73 million. During the same period in the prior year, the business earned $0.42 EPS. The business's revenue was up 27.8% on a year-over-year basis. Equities research analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.49%. Essential Properties Realty Trust's payout ratio is currently 100.87%.

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.