Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $2.05 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,063 shares of the company’s stock after buying an additional 5,612 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.06% of Essential Properties Realty Trust worth $2,049,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Essential Properties Realty Trust by 1.8% during the 2nd quarter. Rhumbline Advisers now owns 494,150 shares of the company’s stock valued at $11,632,000 after purchasing an additional 8,679 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new position in shares of Essential Properties Realty Trust during the 2nd quarter valued at about $516,000. Texas Permanent School Fund Corp lifted its holdings in shares of Essential Properties Realty Trust by 2.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 131,049 shares of the company’s stock valued at $3,085,000 after purchasing an additional 3,365 shares in the last quarter. Versor Investments LP bought a new position in shares of Essential Properties Realty Trust during the 2nd quarter valued at about $363,000. Finally, Mirabella Financial Services LLP bought a new position in shares of Essential Properties Realty Trust during the 2nd quarter valued at about $237,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EPRT. Stifel Nicolaus cut their target price on Essential Properties Realty Trust from $28.00 to $25.75 and set a “buy” rating for the company in a research report on Thursday, October 26th. Wells Fargo & Company began coverage on Essential Properties Realty Trust in a research report on Wednesday, September 20th. They set an “overweight” rating and a $27.00 price objective for the company. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $27.54.

Essential Properties Realty Trust Price Performance

Shares of EPRT opened at $23.30 on Monday. Essential Properties Realty Trust, Inc. has a 1 year low of $20.49 and a 1 year high of $26.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 5.47 and a quick ratio of 5.47. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.83 and a beta of 1.26. The business has a 50-day moving average of $22.16 and a 200-day moving average of $23.50.

Essential Properties Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.12 dividend on an annualized basis and a yield of 4.81%. Essential Properties Realty Trust’s payout ratio is currently 94.92%.

About Essential Properties Realty Trust

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.