Advisors Asset Management Inc. Acquires 1,189 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Advisors Asset Management Inc. lifted its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 58.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,218 shares of the company’s stock after acquiring an additional 1,189 shares during the quarter. Advisors Asset Management Inc.’s holdings in Essential Properties Realty Trust were worth $110,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Blue Trust Inc. lifted its holdings in Essential Properties Realty Trust by 95.2% during the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after purchasing an additional 399 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Essential Properties Realty Trust during the 2nd quarter worth about $27,000. Quarry LP boosted its holdings in shares of Essential Properties Realty Trust by 611.3% during the 2nd quarter. Quarry LP now owns 1,195 shares of the company’s stock worth $33,000 after buying an additional 1,027 shares during the period. CWM LLC grew its stake in Essential Properties Realty Trust by 122.9% in the 2nd quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after buying an additional 686 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Essential Properties Realty Trust by 116.4% in the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after purchasing an additional 1,046 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Essential Properties Realty Trust Stock Down 0.6 %

NYSE:EPRT opened at $34.10 on Friday. Essential Properties Realty Trust, Inc. has a one year low of $23.49 and a one year high of $34.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. The company has a market cap of $5.98 billion, a PE ratio of 30.19, a P/E/G ratio of 2.85 and a beta of 1.37. The firm’s 50 day simple moving average is $33.19 and its 200 day simple moving average is $30.63.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The business had revenue of $117.13 million for the quarter, compared to analyst estimates of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. Essential Properties Realty Trust’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. On average, research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a $0.29 dividend. The ex-dividend date of this dividend was 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 (DPR) is presently 100.87%.

Analyst Upgrades and Downgrades

EPRT has been the topic of a number of research reports. Scotiabank upped their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Evercore ISI lifted their price objective on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Truist Financial increased their target price on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Raymond James lifted their price target on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, UBS Group increased their target price on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Essential Properties Realty Trust has an average rating of “Moderate Buy” and an average price target of $33.44.

Insider Activity

In other news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction on 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. This represents a 5.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.81% of the company’s stock.

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.