Algert Global LLC Purchases New Shares in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Algert Global LLC bought a new stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,052 shares of the company’s stock, valued at approximately $473,000.

Other large investors have also recently made changes to their positions in the company. Asset Dedication LLC bought a new stake in shares of Essential Properties Realty Trust during the 2nd quarter valued at about $27,000. CWM LLC raised its holdings in Essential Properties Realty Trust by 122.9% in the second quarter. CWM LLC now owns 1,244 shares of the company’s stock worth $34,000 after purchasing an additional 686 shares in the last quarter. GAMMA Investing LLC boosted its stake in Essential Properties Realty Trust by 116.4% during the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock worth $54,000 after acquiring an additional 1,046 shares in the last quarter. Signaturefd LLC boosted its stake in Essential Properties Realty Trust by 54.2% during the second quarter. Signaturefd LLC now owns 3,729 shares of the company’s stock worth $103,000 after acquiring an additional 1,310 shares in the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in Essential Properties Realty Trust during the second quarter worth about $213,000. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Up 0.4 %

Shares of NYSE:EPRT opened at $32.53 on Tuesday. The firm’s 50-day moving average is $31.68 and its two-hundred day moving average is $28.82. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.90 and a quick ratio of 4.90. Essential Properties Realty Trust, Inc. has a 1 year low of $20.49 and a 1 year high of $34.51. The firm has a market capitalization of $5.70 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 2.93 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). The business had revenue of $109.30 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. Analysts predict 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 declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is currently 94.31%.

Insider Activity

In related news, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust stock in a transaction dated Thursday, September 5th. The stock was 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 owns 446,076 shares in the company, valued at approximately $14,421,637.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

EPRT has been the subject of several recent analyst reports. Truist Financial lifted 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 report on Thursday, October 3rd. UBS Group upped their target price on shares of Essential Properties Realty Trust from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $37.00 price target (up previously from $34.00) on shares of Essential Properties Realty Trust in a research note on Tuesday, October 1st. Scotiabank increased their target price on shares of Essential Properties Realty Trust from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group assumed coverage on shares of 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 research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.60.

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.