Intech Investment Management LLC bought a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 48,554 shares of the company's stock, valued at approximately $1,658,000.
A number of other large investors also recently bought and sold shares of EPRT. Price T Rowe Associates Inc. MD lifted its position in 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 during the last quarter. Virtu Financial LLC acquired a new position in Essential Properties Realty Trust in the first quarter valued at about $290,000. Teachers Retirement System of The State of Kentucky lifted its position in Essential Properties Realty Trust by 31.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 157,731 shares of the company's stock valued at $4,205,000 after buying an additional 37,729 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 during the last quarter. Finally, First Hawaiian Bank lifted its position in shares of Essential Properties Realty Trust by 19.0% during the second quarter. First Hawaiian Bank now owns 23,312 shares of the company's stock worth $646,000 after purchasing an additional 3,722 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.
Wall Street Analyst Weigh In
EPRT has been the topic of several research reports. Stifel Nicolaus increased 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 report on Thursday, September 26th. UBS Group increased their price target on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Truist Financial upped their target price on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Wells Fargo & Company cut their target price on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. Finally, Evercore ISI upped their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $33.44.
Check Out Our Latest Stock Analysis on Essential Properties Realty Trust
Insider Activity
In other news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of 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 represents a 5.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company's stock.
Essential Properties Realty Trust Stock Up 0.5 %
Essential Properties Realty Trust stock traded up $0.16 during mid-day trading on Tuesday, hitting $33.98. The company had a trading volume of 910,600 shares, compared to its average volume of 1,328,148. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.78 and a beta of 1.37. Essential Properties Realty Trust, Inc. has a 1 year low of $23.42 and a 1 year high of $34.51. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $33.16 and a 200 day moving average of $30.53.
Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced 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 company had revenue of $117.13 million during the quarter, compared to analysts' expectations 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 prior year, the company earned $0.42 earnings per share. On average, sell-side 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. Stockholders of record on Monday, September 30th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust's payout ratio is currently 100.87%.
About Essential Properties Realty Trust
(
Free Report)
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.
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