Mutual of America Capital Management LLC Raises Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Mutual of America Capital Management LLC raised its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Rating) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,666 shares of the company’s stock after acquiring an additional 3,763 shares during the period. Mutual of America Capital Management LLC owned approximately 0.09% of Essential Properties Realty Trust worth $2,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of EPRT. Quadrant Capital Group LLC increased its position in shares of Essential Properties Realty Trust by 85.1% during the 1st quarter. Quadrant Capital Group LLC now owns 1,142 shares of the company’s stock valued at $29,000 after purchasing an additional 525 shares during the last quarter. MQS Management LLC increased its position in shares of Essential Properties Realty Trust by 4.4% during the 2nd quarter. MQS Management LLC now owns 12,618 shares of the company’s stock valued at $271,000 after purchasing an additional 534 shares during the last quarter. abrdn plc increased its position in shares of Essential Properties Realty Trust by 3.7% during the 2nd quarter. abrdn plc now owns 27,858 shares of the company’s stock valued at $602,000 after purchasing an additional 983 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Essential Properties Realty Trust by 9.2% during the 2nd quarter. Van ECK Associates Corp now owns 11,841 shares of the company’s stock valued at $254,000 after purchasing an additional 993 shares during the last quarter. Finally, Profund Advisors LLC increased its position in shares of Essential Properties Realty Trust by 8.3% during the 1st quarter. Profund Advisors LLC now owns 13,349 shares of the company’s stock valued at $338,000 after purchasing an additional 1,023 shares during the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Price Performance

EPRT opened at $23.15 on Wednesday. Essential Properties Realty Trust, Inc. has a 12-month low of $18.88 and a 12-month high of $29.60. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $20.87 and its 200-day simple moving average is $22.04. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 2.69 and a beta of 1.32.

Essential Properties Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date was Thursday, September 29th. Essential Properties Realty Trust’s payout ratio is 110.21%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EPRT shares. Citigroup cut their target price on Essential Properties Realty Trust to $22.00 in a research report on Tuesday, November 15th. Mizuho raised Essential Properties Realty Trust from a “neutral” rating to a “buy” rating in a research report on Thursday, October 13th. Evercore ISI cut their price objective on Essential Properties Realty Trust from $26.00 to $24.00 in a research report on Tuesday, September 27th. Bank of America raised Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, August 24th. Finally, Truist Financial cut their price objective on Essential Properties Realty Trust from $28.00 to $25.00 in a research report on Friday, November 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.06.

Essential Properties Realty Trust Company Profile

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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.

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

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