Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 52.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 16,845 shares of the company's stock after selling 18,534 shares during the period. Los Angeles Capital Management LLC's holdings in Essential Properties Realty Trust were worth $575,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. ProShare Advisors LLC raised its position in Essential Properties Realty Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 31,457 shares of the company's stock worth $839,000 after buying an additional 2,164 shares during the last quarter. Vanguard Group Inc. raised its holdings in Essential Properties Realty Trust by 4.4% during the first quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company's stock worth $676,561,000 after purchasing an additional 1,060,079 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in Essential Properties Realty Trust by 101.5% in the first quarter. UniSuper Management Pty Ltd now owns 89,651 shares of the company's stock valued at $2,390,000 after purchasing an additional 45,151 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Essential Properties Realty Trust by 4.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 263,589 shares of the company's stock valued at $7,027,000 after purchasing an additional 10,689 shares during the period. Finally, Truvestments Capital LLC boosted its holdings in Essential Properties Realty Trust by 480.4% in the 1st quarter. Truvestments Capital LLC now owns 90,416 shares of the company's stock valued at $2,410,000 after purchasing an additional 74,839 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

Insider Activity 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 dated Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the sale, the chief executive officer now directly owns 446,076 shares of the company's stock, valued at approximately $14,421,637.08. This trade represents a 5.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

EPRT has been the subject of a number of analyst reports. Evercore ISI increased their target price on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. UBS Group raised their target price on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a "buy" rating in a report on Thursday. Stifel Nicolaus upped their price target on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Wedbush initiated coverage on shares of Essential Properties Realty Trust in a research note on Monday, August 19th. They issued an "outperform" rating and a $34.00 price objective for the company. Finally, Mizuho boosted their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.37.

Essential Properties Realty Trust Price Performance

NYSE:EPRT traded up $0.20 during trading hours on Friday, reaching $32.86. 823,066 shares of the company traded hands, compared to its average volume of 1,202,790. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. The firm's 50-day moving average is $33.01 and its 200-day moving average is $30.25. The stock has a market cap of $5.76 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.73 and a beta of 1.37. Essential Properties Realty Trust, Inc. has a 1-year low of $23.01 and a 1-year high of $34.51.

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

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust's payout ratio is 100.87%.

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.