Profund Advisors LLC Acquires 1,566 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Profund Advisors LLC lifted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 13.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,795 shares of the company’s stock after purchasing an additional 1,566 shares during the quarter. Profund Advisors LLC’s holdings in Essential Properties Realty Trust were worth $346,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EPRT. Advisor Group Holdings Inc. increased its position in Essential Properties Realty Trust by 195.6% in the second quarter. Advisor Group Holdings Inc. now owns 1,005 shares of the company’s stock worth $27,000 after purchasing an additional 665 shares during the period. FORA Capital LLC acquired a new stake in Essential Properties Realty Trust in the first quarter worth about $46,000. Lazard Asset Management LLC acquired a new stake in Essential Properties Realty Trust in the second quarter worth about $50,000. Advisory Services Network LLC acquired a new stake in Essential Properties Realty Trust in the second quarter worth about $54,000. Finally, Quantbot Technologies LP acquired a new stake in Essential Properties Realty Trust in the first quarter worth about $100,000.

EPRT has been the subject of a number of research reports. Truist lifted their price objective on Essential Properties Realty Trust from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, August 16th. They noted that the move was a valuation call. Raymond James boosted their target price on Essential Properties Realty Trust from $25.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, June 17th. Credit Suisse Group boosted their target price on Essential Properties Realty Trust from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, August 12th. Mizuho boosted their target price on Essential Properties Realty Trust from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, August 24th. Finally, TheStreet upgraded Essential Properties Realty Trust from a “c” rating to a “b” rating in a research report on Monday, June 21st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $31.31.

Shares of EPRT opened at $28.93 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 8.37 and a current ratio of 8.37. The stock has a 50 day simple moving average of $30.19 and a 200 day simple moving average of $27.79. Essential Properties Realty Trust, Inc. has a 52-week low of $16.18 and a 52-week high of $32.92. The firm has a market capitalization of $3.42 billion, a PE ratio of 55.64, a P/E/G ratio of 1.97 and a beta of 1.40.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, July 28th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Essential Properties Realty Trust had a return on equity of 3.40% and a net margin of 29.80%. Equities research analysts predict that Essential Properties Realty Trust, Inc. will post 1.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Thursday, September 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Wednesday, September 29th. Essential Properties Realty Trust’s payout ratio is 90.09%.

Essential Properties Realty Trust Profile

Essential Properties Realty Trust, Inc engages in the acquisition, ownership, and management of single-tenant properties that are net leased on a long-term basis to middle-market companies, which operates service-oriented or experience-based businesses. Its portfolio includes the following: Captain D’s, Art Van Furniture, Mister Car Wash, Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday and White Oak Station.

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Institutional Ownership by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

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