GSA Capital Partners LLP purchased a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 217,401 shares of the company’s stock, valued at approximately $6,489,000. Essential Properties Realty Trust comprises about 0.4% of GSA Capital Partners LLP’s portfolio, making the stock its 7th largest position.
Several other hedge funds have also recently modified their holdings of EPRT. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Essential Properties Realty Trust by 14.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 975,355 shares of the company’s stock valued at $29,051,000 after purchasing an additional 126,372 shares in the last quarter. Strs Ohio grew its holdings in shares of Essential Properties Realty Trust by 28.0% during the fourth quarter. Strs Ohio now owns 719,600 shares of the company’s stock valued at $21,343,000 after buying an additional 157,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Essential Properties Realty Trust by 1,930,360.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,737,308 shares of the company’s stock valued at $199,829,000 after acquiring an additional 6,736,959 shares during the period. Cohen & Steers Inc. raised its stake in Essential Properties Realty Trust by 111.6% in the 4th quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company’s stock worth $552,031,000 after acquiring an additional 9,816,042 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Essential Properties Realty Trust by 9.0% during the 4th quarter. Legal & General Group Plc now owns 1,397,170 shares of the company’s stock worth $41,440,000 after acquiring an additional 115,768 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.
Essential Properties Realty Trust Price Performance
Shares of EPRT opened at $31.05 on Friday. The business’s 50-day moving average is $31.01 and its two-hundred day moving average is $31.51. The company has a market capitalization of $6.72 billion, a P/E ratio of 24.07, a P/E/G ratio of 2.51 and a beta of 0.86. Essential Properties Realty Trust, Inc. has a fifty-two week low of $28.95 and a fifty-two week high of $34.73. The company has a debt-to-equity ratio of 0.65, a quick ratio of 8.17 and a current ratio of 8.17.
Essential Properties Realty Trust Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a dividend of $0.32 per share. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, June 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 99.22%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on EPRT. Mizuho cut their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Weiss Ratings downgraded Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 24th. Barclays dropped their target price on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Stifel Nicolaus increased their price target on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen raised shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $36.20.
View Our Latest Research Report on Essential Properties Realty Trust
Insider Transactions at Essential Properties Realty Trust
In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $32.22, for a total value of $708,840.00. Following the completion of the transaction, the chief operating officer directly owned 34,168 shares of the company’s stock, valued at approximately $1,100,892.96. The trade was a 39.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.77% of the company’s stock.
Essential Properties Realty Trust Profile
Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.
Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.
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