Hennion & Walsh Asset Management Inc. Purchases 17,272 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 145.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,150 shares of the company's stock after purchasing an additional 17,272 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Essential Properties Realty Trust were worth $912,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Duff & Phelps Investment Management Co. bought a new position in Essential Properties Realty Trust in the 3rd quarter valued at about $69,473,000. Adelante Capital Management LLC increased its stake in Essential Properties Realty Trust by 3,964.9% in the third quarter. Adelante Capital Management LLC now owns 1,111,634 shares of the company's stock valued at $37,962,000 after acquiring an additional 1,084,287 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Essential Properties Realty Trust by 434.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,086,529 shares of the company's stock valued at $37,105,000 after purchasing an additional 883,053 shares in the last quarter. APG Asset Management US Inc. bought a new stake in Essential Properties Realty Trust during the second quarter worth $21,274,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Essential Properties Realty Trust by 33.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company's stock valued at $85,491,000 after purchasing an additional 621,445 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EPRT. Mizuho upped 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. UBS Group raised their price objective on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a "buy" rating and a $38.00 price objective for the company. Stifel Nicolaus boosted their target price on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a "buy" rating in a report on Thursday, September 26th. Finally, Scotiabank lifted 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 report on Monday, November 25th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.91.

Essential Properties Realty Trust Trading Down 0.1 %

NYSE EPRT traded down $0.03 during trading hours on Monday, hitting $31.76. 696,918 shares of the company's stock were exchanged, compared to its average volume of 1,244,428. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 2.80 and a beta of 1.39. The stock has a 50-day simple moving average of $32.40 and a 200 day simple moving average of $31.87. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. Essential Properties Realty Trust, Inc. has a 1-year low of $23.58 and a 1-year high of $34.88.

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

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.295 per share. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 3.72%. Essential Properties Realty Trust's dividend payout ratio is presently 102.61%.

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.