Millennium Management LLC Reduces Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Millennium Management LLC reduced its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,233,288 shares of the company’s stock after selling 25,086 shares during the period. Millennium Management LLC’s holdings in Essential Properties Realty Trust were worth $38,577,000 as of its most recent SEC filing.

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

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the completion of the transaction, the director now owns 178,785 shares in the company, valued at $5,817,663.90. The trade was a 6.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on EPRT. UBS Group lowered their price objective on Essential Properties Realty Trust from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Truist Financial raised their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Scotiabank raised their price objective 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, May 12th. Barclays lowered their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, B. Riley lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and raised their price objective for the company from $29.50 to $33.50 in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $34.77.

Essential Properties Realty Trust Price Performance

Shares of EPRT opened at $32.29 on Friday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 2.90 and a beta of 1.09. The stock has a 50 day moving average of $31.60 and a 200-day moving average of $31.94. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 52 week low of $26.07 and a 52 week high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. Essential Properties Realty Trust’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. As a group, analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a dividend of $0.295 per share. The ex-dividend date was Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.65%. Essential Properties Realty Trust’s dividend payout ratio is currently 102.61%.

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.