Essential Properties Realty Trust, Inc. $EPRT Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 16.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,652 shares of the company’s stock after selling 35,220 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of Essential Properties Realty Trust worth $5,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EPRT. Twin Peaks Wealth Advisors LLC acquired a new stake in Essential Properties Realty Trust in the 2nd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Essential Properties Realty Trust in the 2nd quarter worth approximately $44,000. Salomon & Ludwin LLC acquired a new stake in shares of Essential Properties Realty Trust during the third quarter worth approximately $46,000. Versant Capital Management Inc boosted its stake in shares of Essential Properties Realty Trust by 54.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,867 shares of the company’s stock valued at $56,000 after buying an additional 656 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in Essential Properties Realty Trust in the third quarter valued at about $61,000. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $32.73 on Monday. The stock’s 50-day moving average is $30.62 and its 200-day moving average is $30.55. Essential Properties Realty Trust, Inc. has a 1-year low of $27.44 and a 1-year high of $33.35. The stock has a market cap of $6.87 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99. The company has a current ratio of 6.37, a quick ratio of 6.37 and a debt-to-equity ratio of 0.60.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.31 per share. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, December 31st. Essential Properties Realty Trust’s dividend payout ratio is 96.88%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EPRT. Barclays reaffirmed an “overweight” rating and set a $37.00 price objective on shares of Essential Properties Realty Trust in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Wednesday, January 28th. Evercore restated an “outperform” rating on shares of Essential Properties Realty Trust in a research report on Tuesday, February 17th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Essential Properties Realty Trust in a research note on Friday, February 13th. Finally, Scotiabank boosted their price target on Essential Properties Realty Trust from $33.00 to $34.00 and gave the company a “sector perform” rating in a report on Tuesday, November 25th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.67.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.