Jane Street Group LLC Sells 207,065 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Jane Street Group LLC reduced its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 70.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 86,430 shares of the company's stock after selling 207,065 shares during the quarter. Jane Street Group LLC's holdings in Essential Properties Realty Trust were worth $2,952,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Asset Dedication LLC acquired a new stake in Essential Properties Realty Trust in the 2nd quarter valued at about $27,000. Blue Trust Inc. increased its position in Essential Properties Realty Trust by 95.2% during the third quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $28,000 after buying an additional 399 shares in the last quarter. Quarry LP raised its holdings in shares of Essential Properties Realty Trust by 611.3% in the second quarter. Quarry LP now owns 1,195 shares of the company's stock worth $33,000 after acquiring an additional 1,027 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of Essential Properties Realty Trust in the third quarter valued at $79,000. Finally, Signaturefd LLC increased its position in Essential Properties Realty Trust by 54.2% during the 2nd quarter. Signaturefd LLC now owns 3,729 shares of the company's stock worth $103,000 after purchasing an additional 1,310 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

Analysts Set New Price Targets

EPRT has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a "buy" rating in a report on Thursday, September 26th. Barclays initiated coverage on shares of Essential Properties Realty Trust in a research note on Tuesday. They set an "overweight" rating and a $35.94 price objective on the stock. Evercore ISI lifted 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. Truist Financial raised their price objective on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, Mizuho raised their target price on shares of 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. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $33.91.

Essential Properties Realty Trust Trading Up 2.3 %

Essential Properties Realty Trust stock traded up $0.71 during midday trading on Friday, reaching $31.53. The stock had a trading volume of 5,107,998 shares, compared to its average volume of 1,328,098. The firm's fifty day simple moving average is $33.00 and its two-hundred day simple moving average is $31.23. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 2.74 and a beta of 1.38. Essential Properties Realty Trust, Inc. has a twelve month low of $23.58 and a twelve month high of $34.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.16). The business had revenue of $117.13 million during the quarter, compared to analysts' expectations of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The firm's revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.74%. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, December 31st. Essential Properties Realty Trust's payout ratio is currently 102.61%.

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.