EverSource Wealth Advisors LLC Sells 438 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

EverSource Wealth Advisors LLC decreased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 25.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,266 shares of the company’s stock after selling 438 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Essential Properties Realty Trust were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of EPRT. Vanguard Group Inc. increased its holdings in shares of Essential Properties Realty Trust by 4.4% in the first quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock worth $676,561,000 after purchasing an additional 1,060,079 shares during the period. Wellington Management Group LLP increased its holdings in shares of Essential Properties Realty Trust by 18.4% in the fourth quarter. Wellington Management Group LLP now owns 9,931,196 shares of the company’s stock worth $253,841,000 after purchasing an additional 1,543,346 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Essential Properties Realty Trust by 7.5% in the first quarter. Principal Financial Group Inc. now owns 2,697,079 shares of the company’s stock worth $71,904,000 after purchasing an additional 187,256 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Essential Properties Realty Trust by 11.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,575,683 shares of the company’s stock worth $71,372,000 after purchasing an additional 264,052 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Essential Properties Realty Trust by 9.4% in the second quarter. Bank of New York Mellon Corp now owns 1,966,304 shares of the company’s stock worth $54,486,000 after purchasing an additional 169,222 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

NYSE EPRT opened at $34.15 on Friday. The company has a 50-day simple moving average of $31.37 and a two-hundred day simple moving average of $28.48. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 12-month low of $20.49 and a 12-month high of $34.51. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.93 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.13). The business had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.99 million. Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. On average, equities analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.40%. Essential Properties Realty Trust’s dividend payout ratio is currently 94.31%.

Insider Transactions at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction of $899,323.61. Following the completion of the sale, the chief executive officer now directly owns 446,076 shares in the company, valued at $14,421,637.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the sale, the chief executive officer now directly owns 446,076 shares in the company, valued at $14,421,637.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter M. Mavoides sold 20,863 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $27.54, for a total transaction of $574,567.02. Following the completion of the sale, the chief executive officer now owns 514,464 shares of the company’s stock, valued at $14,168,338.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,592 shares of company stock worth $1,863,808. Company insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a report on Thursday. Wedbush began coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target on the stock. Evercore ISI increased their target price on Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. UBS Group increased their target price on Essential Properties Realty Trust from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group began coverage on Essential Properties Realty Trust in a research note on Friday, June 28th. They issued a “buy” rating and a $33.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.13.

Essential Properties Realty Trust Profile

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.