Nisa Investment Advisors LLC Sells 140,824 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Nisa Investment Advisors LLC lessened its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 33.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,294 shares of the company's stock after selling 140,824 shares during the quarter. Nisa Investment Advisors LLC owned 0.16% of Essential Properties Realty Trust worth $9,862,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EPRT. Vanguard Group Inc. boosted its position in Essential Properties Realty Trust by 4.4% during the first quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company's stock valued at $676,561,000 after purchasing an additional 1,060,079 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Essential Properties Realty Trust by 11.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,575,683 shares of the company's stock worth $71,372,000 after purchasing an additional 264,052 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Essential Properties Realty Trust by 9.4% during the second quarter. Bank of New York Mellon Corp now owns 1,966,304 shares of the company's stock worth $54,486,000 after purchasing an additional 169,222 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Essential Properties Realty Trust by 5,380.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,881,960 shares of the company's stock valued at $52,149,000 after buying an additional 1,847,618 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of Essential Properties Realty Trust by 29.2% in the second quarter. Thrivent Financial for Lutherans now owns 1,646,742 shares of the company's stock valued at $45,631,000 after buying an additional 372,040 shares during the last quarter. Institutional investors own 96.98% of the company's stock.

Insider Buying and Selling

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the business's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the completion of the transaction, the chief executive officer now owns 446,076 shares of the company's stock, valued at approximately $14,421,637.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by corporate insiders.

Essential Properties Realty Trust Price Performance

EPRT stock traded down $0.58 during midday trading on Thursday, reaching $31.68. The company had a trading volume of 906,129 shares, compared to its average volume of 1,339,524. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 2.87 and a beta of 1.37. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.90 and a quick ratio of 4.90. Essential Properties Realty Trust, Inc. has a 1-year low of $21.14 and a 1-year high of $34.51. The stock has a 50 day moving average price of $32.88 and a 200-day moving average price of $29.68.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.16). The firm had revenue of $117.13 million for the quarter, compared to the consensus estimate of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The business's revenue was up 27.8% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. Equities research analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.66%. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 94.31%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EPRT shares. Truist Financial increased their price target on Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Evercore ISI raised 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. UBS Group upped their price target on shares of Essential Properties Realty Trust from $36.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Scotiabank increased their price target on shares of Essential Properties Realty Trust from $30.00 to $32.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $37.00 price objective (up previously from $34.00) on shares of Essential Properties Realty Trust in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and eleven have given 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 target price of $33.06.

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.