Sumitomo Mitsui DS Asset Management Company Ltd Has $912,000 Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 24.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,895 shares of the company’s stock after purchasing an additional 6,483 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Essential Properties Realty Trust were worth $912,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. New York State Common Retirement Fund grew its position in Essential Properties Realty Trust by 1.4% during the 4th quarter. New York State Common Retirement Fund now owns 64,369 shares of the company’s stock worth $1,645,000 after acquiring an additional 896 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Essential Properties Realty Trust by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 21,862 shares of the company’s stock worth $559,000 after purchasing an additional 3,595 shares during the last quarter. Natixis Advisors L.P. increased its holdings in Essential Properties Realty Trust by 20.5% in the fourth quarter. Natixis Advisors L.P. now owns 96,893 shares of the company’s stock valued at $2,476,000 after purchasing an additional 16,455 shares during the period. Metis Global Partners LLC bought a new position in Essential Properties Realty Trust during the 4th quarter worth $264,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Essential Properties Realty Trust by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,230,214 shares of the company’s stock worth $57,004,000 after buying an additional 21,058 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

Essential Properties Realty Trust Stock Performance

Shares of EPRT opened at $31.91 on Monday. Essential Properties Realty Trust, Inc. has a one year low of $20.49 and a one year high of $32.04. The company has a market cap of $5.59 billion, a PE ratio of 25.94, a P/E/G ratio of 2.71 and a beta of 1.35. The stock has a 50-day moving average of $29.58 and a 200-day moving average of $27.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.90 and a quick ratio of 4.90.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The firm had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.99 million. During the same period last year, the business posted $0.41 EPS. The company’s revenue was up 26.4% on a year-over-year basis. On average, equities research analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 1,200 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $28.00, for a total value of $33,600.00. Following the transaction, the chief executive officer now directly owns 513,264 shares of the company’s stock, valued at $14,371,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Peter M. Mavoides sold 12,712 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $28.03, for a total value of $356,317.36. Following the transaction, the chief executive officer now owns 500,552 shares in the company, valued at $14,030,472.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter M. Mavoides sold 1,200 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total value of $33,600.00. Following the sale, the chief executive officer now owns 513,264 shares of the company’s stock, valued at approximately $14,371,392. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,775 shares of company stock worth $964,484. 0.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EPRT shares. Wedbush began coverage on Essential Properties Realty Trust in a research note on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target for the company. Truist Financial raised their price target on shares of Essential Properties Realty Trust from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Wells Fargo & Company upped their price objective on shares of Essential Properties Realty Trust from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Stifel Nicolaus increased their price objective on shares of Essential Properties Realty Trust from $31.25 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Evercore ISI boosted their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $31.73.

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.