Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,594,775 shares of the company's stock after purchasing an additional 98,467 shares during the period. JPMorgan Chase & Co. owned approximately 0.91% of Essential Properties Realty Trust worth $54,462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of EPRT. Blue Trust Inc. increased its holdings in Essential Properties Realty Trust by 95.2% in the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company's stock valued at $28,000 after purchasing an additional 399 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Essential Properties Realty Trust by 8.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company's stock worth $233,000 after buying an additional 542 shares during the period. Creative Planning grew its stake in shares of Essential Properties Realty Trust by 4.3% in the third quarter. Creative Planning now owns 13,450 shares of the company's stock valued at $459,000 after buying an additional 558 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Essential Properties Realty Trust by 8.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,890 shares of the company's stock valued at $269,000 after buying an additional 597 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in Essential Properties Realty Trust by 7.8% during the 2nd quarter. CIBC Asset Management Inc now owns 10,673 shares of the company's stock worth $296,000 after acquiring an additional 772 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Truist Financial boosted their price target 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. 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, December 11th. They issued a "buy" rating and a $38.00 price target for the company. Barclays initiated coverage on Essential Properties Realty Trust in a research report on Tuesday, December 17th. They set an "overweight" rating and a $35.94 price objective on the stock. Finally, Scotiabank lifted their target price on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $33.91.

Essential Properties Realty Trust Stock Up 2.1 %

EPRT traded up $0.66 on Friday, reaching $31.49. The company's stock had a trading volume of 1,315,821 shares, compared to its average volume of 1,266,711. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 2.74 and a beta of 1.39. Essential Properties Realty Trust, Inc. has a fifty-two week low of $23.58 and a fifty-two week high of $34.88. 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 stock has a 50 day moving average of $32.55 and a two-hundred day moving average of $31.59.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its earnings results 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). Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The company had revenue of $117.13 million during the quarter, compared to analyst estimates of $109.73 million. During the same quarter in the previous year, the company posted $0.42 EPS. The company's quarterly revenue was up 27.8% on a year-over-year basis. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.295 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.75%. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.29. Essential Properties Realty Trust's payout ratio is 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.