Quantbot Technologies LP Has $3 Million Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Quantbot Technologies LP raised its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 88.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,971 shares of the company's stock after purchasing an additional 44,993 shares during the quarter. Quantbot Technologies LP owned 0.05% of Essential Properties Realty Trust worth $3,002,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its position in Essential Properties Realty Trust by 1.0% during the third quarter. State Street Corp now owns 10,033,209 shares of the company's stock valued at $345,535,000 after purchasing an additional 96,615 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Essential Properties Realty Trust by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company's stock valued at $152,642,000 after buying an additional 118,927 shares during the period. FMR LLC grew its holdings in shares of Essential Properties Realty Trust by 1.9% during the 3rd quarter. FMR LLC now owns 4,138,674 shares of the company's stock valued at $141,336,000 after acquiring an additional 76,475 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Essential Properties Realty Trust by 18.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company's stock worth $92,246,000 after acquiring an additional 469,610 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Essential Properties Realty Trust by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company's stock worth $89,866,000 after acquiring an additional 43,179 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

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Insider Activity

In related news, Director Stephen D. Sautel sold 30,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $31.99, for a total transaction of $959,700.00. Following the completion of the sale, the director now directly owns 218,785 shares of the company's stock, valued at $6,998,932.15. This trade represents a 12.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.81% of the company's stock.

Essential Properties Realty Trust Stock Performance

Shares of NYSE:EPRT traded down $0.19 during midday trading on Thursday, hitting $32.67. The company's stock had a trading volume of 2,218,182 shares, compared to its average volume of 1,268,327. The stock's 50 day simple moving average is $31.79 and its 200 day simple moving average is $32.39. Essential Properties Realty Trust, Inc. has a fifty-two week low of $24.72 and a fifty-two week high of $34.88. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released 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, research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio is 103.51%.

Analyst Upgrades and Downgrades

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

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.