United Services Automobile Association Purchases 1,799 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

United Services Automobile Association boosted its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Rating) by 13.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,804 shares of the company’s stock after purchasing an additional 1,799 shares during the period. United Services Automobile Association’s holdings in Essential Properties Realty Trust were worth $288,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EPRT. Advisors Asset Management Inc. raised its stake in shares of Essential Properties Realty Trust by 68.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,697 shares of the company’s stock valued at $33,000 after purchasing an additional 690 shares during the period. Quadrant Capital Group LLC grew its position in Essential Properties Realty Trust by 49.6% during the third quarter. Quadrant Capital Group LLC now owns 1,839 shares of the company’s stock worth $36,000 after buying an additional 610 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new position in Essential Properties Realty Trust during the third quarter worth about $42,000. EverSource Wealth Advisors LLC grew its position in Essential Properties Realty Trust by 17.8% during the third quarter. EverSource Wealth Advisors LLC now owns 5,054 shares of the company’s stock worth $98,000 after buying an additional 763 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in Essential Properties Realty Trust during the second quarter worth about $137,000. 97.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on EPRT shares. Truist Financial boosted their target price on Essential Properties Realty Trust from $27.00 to $29.00 in a research report on Monday, February 27th. Stifel Nicolaus boosted their target price on Essential Properties Realty Trust from $26.25 to $26.50 in a research report on Thursday, February 16th. Mizuho upped their price objective on Essential Properties Realty Trust from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 9th. Raymond James upped their price objective 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. Finally, Citigroup cut their price objective on Essential Properties Realty Trust to $22.00 in a report on Tuesday, November 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.39.

Essential Properties Realty Trust Trading Up 1.0 %

Shares of EPRT stock opened at $24.48 on Wednesday. The stock has a market capitalization of $3.53 billion, a PE ratio of 24.73, a P/E/G ratio of 3.12 and a beta of 1.28. Essential Properties Realty Trust, Inc. has a 1-year low of $18.88 and a 1-year high of $26.75. The business has a 50-day moving average of $24.82 and a 200 day moving average of $22.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 5.13 and a quick ratio of 5.13.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Thursday, March 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 111.11%.

Essential Properties Realty Trust Company Profile

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Essential Properties Realty Trust, Inc engages in the acquisition, ownership, and management of single-tenant properties that are net leased on a long-term basis. Its portfolio includes the following: Captain D’s, Art Van Furniture, Mister and Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday, and White Oak Station.