Amalgamated Bank Buys 1,693 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Amalgamated Bank boosted its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,128 shares of the company’s stock after acquiring an additional 1,693 shares during the period. Amalgamated Bank’s holdings in Essential Properties Realty Trust were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Crowley Wealth Management Inc. acquired a new stake in shares of Essential Properties Realty Trust in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp raised its stake in Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock valued at $37,000 after acquiring an additional 1,119 shares during the period. Franchise Capital Ltd bought a new stake in Essential Properties Realty Trust in the 1st quarter valued at $42,000. Quarry LP grew its holdings in Essential Properties Realty Trust by 439.4% in the 4th quarter. Quarry LP now owns 1,451 shares of the company’s stock valued at $45,000 after buying an additional 1,182 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Essential Properties Realty Trust by 275.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock valued at $77,000 after buying an additional 1,802 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Essential Properties Realty Trust

In related news, VP A Joseph Peil sold 13,227 shares of the business’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total transaction of $435,961.92. Following the completion of the transaction, the vice president owned 76,590 shares in the company, valued at $2,524,406.40. The trade was a 14.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

EPRT has been the topic of several analyst reports. Barclays reissued an “overweight” rating and set a $37.00 target price (up from $35.00) on shares of Essential Properties Realty Trust in a report on Wednesday, May 21st. UBS Group dropped their target price on Essential Properties Realty Trust from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Truist Financial upped their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a “buy” rating in a report on Monday, May 5th. Finally, Scotiabank lifted their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.06.

Essential Properties Realty Trust Trading Up 0.7%

Essential Properties Realty Trust stock opened at $32.05 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.76 and a quick ratio of 7.76. Essential Properties Realty Trust, Inc. has a one year low of $27.44 and a one year high of $34.88. The stock has a market capitalization of $6.33 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 2.43 and a beta of 1.08. The business’s fifty day moving average is $32.19 and its 200 day moving average is $31.80.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.13% and a net margin of 44.62%. The firm had revenue of $129.35 million during the quarter, compared to analysts’ expectations of $124.88 million. During the same period in the previous year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, sell-side analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.74%. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. Essential Properties Realty Trust’s payout ratio is currently 104.35%.

Essential Properties Realty Trust Company 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.