Fmr LLC Has $141.34 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

FMR LLC boosted its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,138,674 shares of the company's stock after acquiring an additional 76,475 shares during the quarter. FMR LLC owned 2.36% of Essential Properties Realty Trust worth $141,336,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Essential Properties Realty Trust by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 88,838 shares of the company's stock valued at $2,369,000 after buying an additional 5,672 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Essential Properties Realty Trust by 116.4% in the second 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 in the last quarter. CWM LLC increased its stake in shares of Essential Properties Realty Trust by 122.9% in the second quarter. CWM LLC now owns 1,244 shares of the company's stock valued at $34,000 after buying an additional 686 shares in the last quarter. QRG Capital Management Inc. increased its stake in shares of Essential Properties Realty Trust by 21.8% in the second 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 in the last quarter. Finally, Vanderbilt University increased its stake in shares of Essential Properties Realty Trust by 347.6% in the second 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 in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EPRT. Scotiabank raised their target price on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research note on Monday, November 25th. Truist Financial lifted their price objective on 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. Mizuho lifted their price objective on Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Wells Fargo & Company lowered their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Finally, Raymond James lifted their price objective on 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $33.44.

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 business's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the transaction, the chief executive officer now owns 446,076 shares of the company's stock, valued at $14,421,637.08. The trade was a 5.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.81% of the company's stock.

Essential Properties Realty Trust Stock Up 0.7 %

Shares of NYSE:EPRT traded up $0.24 during trading on Wednesday, hitting $33.29. 856,393 shares of the company's stock traded hands, compared to its average volume of 1,320,671. 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 current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 2.78 and a beta of 1.38. The company has a 50-day moving average price of $33.15 and a 200-day moving average price of $30.81.

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

Essential Properties Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust's payout ratio is 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.