Victory Capital Management Inc. Boosts Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Victory Capital Management Inc. grew its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,506,759 shares of the company's stock after purchasing an additional 83,565 shares during the period. Victory Capital Management Inc. owned approximately 0.86% of Essential Properties Realty Trust worth $51,456,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 worth $676,561,000 after acquiring an additional 1,060,079 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Essential Properties Realty Trust by 11.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,575,683 shares of the company's stock worth $71,372,000 after acquiring an additional 264,052 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Essential Properties Realty Trust by 9.4% in 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 buying an additional 169,222 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 worth $52,149,000 after buying an additional 1,847,618 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake 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 worth $45,631,000 after buying an additional 372,040 shares in the last quarter. Institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT traded up $0.26 during trading hours on Friday, hitting $32.92. 196,608 shares of the company were exchanged, compared to its average volume of 1,337,221. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 2.75 and a beta of 1.37. Essential Properties Realty Trust, Inc. has a 52-week low of $23.01 and a 52-week high of $34.51. 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 company's 50 day moving average price is $33.00 and its 200-day moving average price is $30.16.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.16). The business had revenue of $117.13 million during the quarter, compared to analysts' expectations of $109.73 million. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The firm's revenue was up 27.8% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. As a group, research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust's dividend payout ratio is presently 100.87%.

Analysts Set New Price Targets

Several research analysts have recently issued reports 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 on the stock in a research note on Monday, November 4th. Wedbush began coverage on shares of Essential Properties Realty Trust in a research note on Monday, August 19th. They issued an "outperform" rating and a $34.00 price objective for the company. Raymond James increased their price objective on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 21st. UBS Group increased their price objective on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Truist Financial increased their price objective 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. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $33.37.

Insiders Place Their Bets

In related news, CEO Peter M. Mavoides sold 27,817 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the sale, the chief executive officer now owns 446,076 shares of the company's stock, valued at approximately $14,421,637.08. This represents a 5.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.81% of the stock is currently owned by company insiders.

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.