Essential Properties Realty Trust, Inc. $EPRT Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 22.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 915,083 shares of the company’s stock after selling 262,054 shares during the period. Victory Capital Management Inc. owned approximately 0.46% of Essential Properties Realty Trust worth $27,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new stake in Essential Properties Realty Trust during the 2nd quarter valued at $26,000. Salomon & Ludwin LLC bought a new position in shares of Essential Properties Realty Trust in the third quarter worth $46,000. Versant Capital Management Inc grew its stake in shares of Essential Properties Realty Trust by 54.2% in the third quarter. Versant Capital Management Inc now owns 1,867 shares of the company’s stock worth $56,000 after purchasing an additional 656 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of Essential Properties Realty Trust during the third quarter valued at $61,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Essential Properties Realty Trust by 24.8% during the third quarter. Smartleaf Asset Management LLC now owns 2,861 shares of the company’s stock valued at $85,000 after purchasing an additional 569 shares during the period. 96.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Evercore reaffirmed an “outperform” rating on shares of Essential Properties Realty Trust in a report on Tuesday, February 17th. Cantor Fitzgerald restated an “overweight” rating on shares of Essential Properties Realty Trust in a research report on Friday, February 13th. Mizuho upped their price target on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Scotiabank increased their price objective on shares of Essential Properties Realty Trust from $34.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Finally, Barclays reiterated an “overweight” rating and set a $37.00 price objective on shares of Essential Properties Realty Trust in a research note on Tuesday, January 13th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.11.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $34.16 on Tuesday. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $34.73. The company has a current ratio of 6.37, a quick ratio of 6.37 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 2.53 and a beta of 0.95. The firm has a 50-day moving average of $31.47 and a two-hundred day moving average of $30.82.

Essential Properties Realty Trust 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.