24,218 Shares in Essential Properties Realty Trust, Inc. (NYSE:EPRT) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 24,218 shares of the company’s stock, valued at approximately $622,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPRT. Teachers Retirement System of The State of Kentucky increased its position in Essential Properties Realty Trust by 18.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 120,002 shares of the company’s stock valued at $3,067,000 after acquiring an additional 18,369 shares in the last quarter. Wellington Management Group LLP increased its position in Essential Properties Realty Trust by 18.4% in the 4th quarter. Wellington Management Group LLP now owns 9,931,196 shares of the company’s stock valued at $253,841,000 after acquiring an additional 1,543,346 shares in the last quarter. Pensionfund Sabic increased its position in Essential Properties Realty Trust by 26.9% in the 1st quarter. Pensionfund Sabic now owns 42,500 shares of the company’s stock valued at $1,133,000 after acquiring an additional 9,000 shares in the last quarter. Selective Wealth Management Inc. acquired a new stake in Essential Properties Realty Trust in the 1st quarter valued at about $528,000. Finally, Hazelview Securities Inc. increased its position in Essential Properties Realty Trust by 112.9% in the 1st quarter. Hazelview Securities Inc. now owns 867,585 shares of the company’s stock valued at $22,731,000 after acquiring an additional 460,065 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Insider Transactions at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 27,817 shares of the business’s 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 transaction, the chief executive officer now directly owns 446,076 shares in the company, valued at approximately $14,421,637.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EPRT. Raymond James lifted their price target on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Scotiabank lifted their price target on shares of Essential Properties Realty Trust from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday. UBS Group lifted their price target 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. The Goldman Sachs Group began coverage on shares of Essential Properties Realty Trust in a research report on Friday, June 28th. They set a “buy” rating and a $33.00 price target for the company. Finally, Wells Fargo & Company reiterated 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 report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.75.

Essential Properties Realty Trust Stock Performance

Shares of EPRT opened at $33.04 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 4.90 and a current ratio of 4.90. Essential Properties Realty Trust, Inc. has a twelve month low of $20.49 and a twelve month high of $34.51. The firm’s 50 day moving average price is $32.01 and its two-hundred day moving average price is $29.05. The firm has a market cap of $5.79 billion, a P/E ratio of 26.86, a PEG ratio of 2.78 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 for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). The company had revenue of $109.30 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. On average, analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 94.31%.

About Essential Properties Realty Trust

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.