Pensionfund DSM Netherlands Sells 20,000 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Pensionfund DSM Netherlands trimmed its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 23.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,500 shares of the company's stock after selling 20,000 shares during the quarter. Essential Properties Realty Trust accounts for approximately 1.3% of Pensionfund DSM Netherlands' holdings, making the stock its 26th largest position. Pensionfund DSM Netherlands' holdings in Essential Properties Realty Trust were worth $2,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EPRT. Blue Trust Inc. raised its position in Essential Properties Realty Trust by 95.2% in the third quarter. Blue Trust Inc. now owns 818 shares of the company's stock worth $28,000 after acquiring an additional 399 shares during the period. Harvest Fund Management Co. Ltd lifted its position in 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 valued at $233,000 after purchasing an additional 542 shares in the last quarter. Creative Planning grew its holdings in Essential Properties Realty Trust by 4.3% during the third quarter. Creative Planning now owns 13,450 shares of the company's stock valued at $459,000 after purchasing an additional 558 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of Essential Properties Realty Trust by 8.2% in the third quarter. First Trust Direct Indexing L.P. now owns 7,890 shares of the company's stock worth $269,000 after buying an additional 597 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Essential Properties Realty Trust by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 3,935 shares of the company's stock valued at $123,000 after acquiring an additional 762 shares during the period. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Trading Up 0.6 %

Shares of EPRT traded up $0.20 during mid-day trading on Monday, reaching $31.69. 1,681,674 shares of the company's stock traded hands, compared to its average volume of 1,405,021. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. The stock's 50-day moving average is $32.55 and its two-hundred day moving average is $31.59. Essential Properties Realty Trust, Inc. has a 12 month low of $23.58 and a 12 month high of $34.88. The stock has a market cap of $5.56 billion, a P/E ratio of 27.56, a P/E/G ratio of 2.74 and a beta of 1.39.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted 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 return on equity of 6.20% and a net margin of 46.00%. The company's quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. Research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The company also recently declared 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. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.72%. Essential Properties Realty Trust's dividend payout ratio is presently 102.61%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Barclays initiated coverage on shares of Essential Properties Realty Trust in a report on Tuesday, December 17th. They set an "overweight" rating and a $35.94 price target on the stock. Wells Fargo & Company dropped their target price on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Truist Financial boosted their price objective on Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. 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 research note on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They set a "buy" rating and a $38.00 price objective for the company. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.91.

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.