Truist Financial Corp Trims Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Truist Financial Corp lowered its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Rating) by 16.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,287 shares of the company’s stock after selling 14,860 shares during the period. Truist Financial Corp owned about 0.06% of Essential Properties Realty Trust worth $1,503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EPRT. State Street Corp boosted its holdings in Essential Properties Realty Trust by 13.5% in the first quarter. State Street Corp now owns 7,323,487 shares of the company’s stock valued at $187,156,000 after purchasing an additional 870,780 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Essential Properties Realty Trust by 4.1% in the first quarter. Vanguard Group Inc. now owns 19,944,341 shares of the company’s stock valued at $504,592,000 after purchasing an additional 788,670 shares during the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in Essential Properties Realty Trust in the first quarter valued at about $15,271,000. Goldman Sachs Group Inc. boosted its holdings in Essential Properties Realty Trust by 70.0% in the second quarter. Goldman Sachs Group Inc. now owns 1,418,300 shares of the company’s stock valued at $30,480,000 after purchasing an additional 583,888 shares during the last quarter. Finally, Eaton Vance Management lifted its holdings in Essential Properties Realty Trust by 14.7% during the 1st quarter. Eaton Vance Management now owns 2,728,535 shares of the company’s stock worth $69,031,000 after buying an additional 348,995 shares during the last quarter. Hedge funds and other institutional investors own 97.19% of the company’s stock.

Analyst Ratings Changes

EPRT has been the topic of a number of research analyst reports. Mizuho increased their target price on Essential Properties Realty Trust from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, December 8th. Raymond James increased their target price on Essential Properties Realty Trust from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, December 19th. Truist Financial reduced their target price on Essential Properties Realty Trust from $28.00 to $25.00 in a report on Friday, November 11th. Evercore ISI reduced their target price on Essential Properties Realty Trust from $26.00 to $24.00 in a report on Tuesday, September 27th. Finally, Citigroup reduced their target price on Essential Properties Realty Trust to $22.00 in a report on Tuesday, November 15th. Two equities 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, Essential Properties Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $24.94.

Essential Properties Realty Trust Stock Down 0.7 %

EPRT opened at $24.46 on Thursday. Essential Properties Realty Trust, Inc. has a 12 month low of $18.88 and a 12 month high of $27.43. The stock has a market cap of $3.48 billion, a P/E ratio of 24.96, a P/E/G ratio of 2.76 and a beta of 1.28. The stock’s 50 day moving average price is $23.20 and its 200 day moving average price is $22.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 7.58 and a quick ratio of 7.58.

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a dividend of $0.275 per share. The ex-dividend date was Thursday, December 29th. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.27. This represents a $1.10 annualized dividend and a dividend yield of 4.50%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 112.25%.

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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