GSA Capital Partners LLP Buys 15,298 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

GSA Capital Partners LLP lifted its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 97.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,997 shares of the company's stock after buying an additional 15,298 shares during the quarter. GSA Capital Partners LLP's holdings in Essential Properties Realty Trust were worth $1,059,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EPRT. Asset Dedication LLC purchased a new position in shares of Essential Properties Realty Trust during the 2nd quarter valued at $27,000. Blue Trust Inc. lifted its stake in shares of Essential Properties Realty Trust by 95.2% during the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company's stock valued at $28,000 after buying an additional 399 shares in the last quarter. Quarry LP lifted its stake in shares of Essential Properties Realty Trust by 611.3% during the 2nd quarter. Quarry LP now owns 1,195 shares of the company's stock valued at $33,000 after buying an additional 1,027 shares in the last quarter. CWM LLC increased its holdings 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 acquiring an additional 686 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings 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 acquiring an additional 1,046 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock traded up $0.20 during trading hours on Friday, reaching $32.86. The company's stock had a trading volume of 823,066 shares, compared to its average volume of 1,340,148. Essential Properties Realty Trust, Inc. has a one year low of $23.01 and a one year high of $34.51. 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 has a 50 day moving average price of $33.01 and a 200-day moving average price of $30.20. The stock has a market cap of $5.76 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.75 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly 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 for 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 business's revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

EPRT has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Evercore ISI lifted their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an "in-line" rating in a report on Monday, September 16th. UBS Group lifted their price target on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a "buy" rating in a report on Thursday. Wells Fargo & Company reduced their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Finally, Wedbush initiated coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They issued an "outperform" rating and a $34.00 price target on the stock. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.37.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the transaction, the chief executive officer now directly owns 446,076 shares in the company, valued at $14,421,637.08. This represents a 5.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by insiders.

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.