Norges Bank Invests $83.34 Million in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Norges Bank acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,664,347 shares of the company's stock, valued at approximately $83,341,000. Norges Bank owned about 1.52% of Essential Properties Realty Trust at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Barclays PLC grew its holdings in shares of Essential Properties Realty Trust by 118.6% during the third quarter. Barclays PLC now owns 297,989 shares of the company's stock worth $10,176,000 after purchasing an additional 161,697 shares during the last quarter. Truist Financial Corp purchased a new stake in Essential Properties Realty Trust in the fourth quarter valued at approximately $287,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Essential Properties Realty Trust by 38.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,169 shares of the company's stock valued at $2,946,000 after acquiring an additional 26,234 shares during the period. FMR LLC raised its position in Essential Properties Realty Trust by 1.9% in the 3rd quarter. FMR LLC now owns 4,138,674 shares of the company's stock valued at $141,336,000 after purchasing an additional 76,475 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Essential Properties Realty Trust by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 1,594,775 shares of the company's stock valued at $54,462,000 after purchasing an additional 98,467 shares during the period. Institutional investors and hedge funds own 96.98% of the company's stock.

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Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock traded down $1.43 during trading hours on Monday, hitting $29.29. The stock had a trading volume of 2,052,952 shares, compared to its average volume of 1,384,413. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 2.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36. Essential Properties Realty Trust, Inc. has a 1-year low of $24.72 and a 1-year high of $34.88. The stock's fifty day moving average is $31.82 and its two-hundred day moving average is $32.33.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. As a group, analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 4.03%. Essential Properties Realty Trust's dividend payout ratio is currently 103.51%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Scotiabank lowered their price target on Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Barclays dropped their price objective on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 11th. They set a "buy" rating and a $38.00 price target on the stock. B. Riley lowered Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Finally, Capital One Financial began coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.91.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total transaction of $406,750.00. Following the sale, the director now directly owns 178,785 shares of the company's stock, valued at $5,817,663.90. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by corporate insiders.

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.