EP Wealth Advisors LLC Acquires New Shares in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

EP Wealth Advisors LLC acquired a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,491 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds have also recently bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new position in Essential Properties Realty Trust in the 4th quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB increased its stake in Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after purchasing an additional 468 shares in the last quarter. Jones Financial Companies Lllp increased its position in Essential Properties Realty Trust by 1,834.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock worth $37,000 after buying an additional 1,119 shares in the last quarter. Quarry LP increased its position in Essential Properties Realty Trust by 439.4% during the fourth quarter. Quarry LP now owns 1,451 shares of the company’s stock worth $45,000 after buying an additional 1,182 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Essential Properties Realty Trust by 275.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock worth $77,000 after buying an additional 1,802 shares in the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EPRT shares. Truist Financial raised their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Barclays dropped their price target on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. UBS Group dropped their price target on Essential Properties Realty Trust from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday. Scotiabank raised their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Monday. Finally, B. Riley cut Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.77.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $31.99, for a total transaction of $959,700.00. Following the transaction, the director now owns 218,785 shares in the company, valued at $6,998,932.15. The trade was a 12.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.77% of the stock is owned by insiders.

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock opened at $31.17 on Thursday. Essential Properties Realty Trust, Inc. has a twelve month low of $26.07 and a twelve month high of $34.88. The stock has a market capitalization of $6.16 billion, a P/E ratio of 27.34, a PEG ratio of 2.90 and a beta of 1.09. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average price is $31.56 and its 200 day moving average price is $31.95.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. The firm had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. During the same quarter in the previous year, the business posted $0.42 EPS. Essential Properties Realty Trust’s revenue was up 24.9% compared to the same quarter last year. 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 company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Monday, March 31st. Essential Properties Realty Trust’s payout ratio is currently 102.61%.

About Essential Properties Realty Trust

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.