Creative Planning Buys 558 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Creative Planning boosted its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,450 shares of the company’s stock after purchasing an additional 558 shares during the period. Creative Planning’s holdings in Essential Properties Realty Trust were worth $459,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Thoroughbred Financial Services LLC boosted its stake in shares of Essential Properties Realty Trust by 5.3% during the first quarter. Thoroughbred Financial Services LLC now owns 12,879 shares of the company’s stock valued at $343,000 after purchasing an additional 654 shares in the last quarter. CWM LLC grew its position in Essential Properties Realty Trust by 122.9% during the second quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after buying an additional 686 shares during the period. CIBC Asset Management Inc grew its position in shares of Essential Properties Realty Trust by 7.8% in the second quarter. CIBC Asset Management Inc now owns 10,673 shares of the company’s stock valued at $296,000 after purchasing an additional 772 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Essential Properties Realty Trust by 1.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 42,586 shares of the company’s stock valued at $1,180,000 after purchasing an additional 800 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Essential Properties Realty Trust by 4.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 24,673 shares of the company’s stock valued at $684,000 after purchasing an additional 965 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock opened at $31.63 on Thursday. The company’s 50 day simple moving average is $32.89 and its 200-day simple moving average is $29.88. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 2.69 and a beta of 1.37. Essential Properties Realty Trust, Inc. has a 1 year low of $22.32 and a 1 year high of $34.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The company had revenue of $117.13 million during the quarter, compared to analysts’ expectations of $109.73 million. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. Essential Properties Realty Trust’s revenue was up 27.8% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. As a group, equities research analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 100.87%.

Insider Activity at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the transaction, the chief executive officer now 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday. Wedbush started coverage on shares of Essential Properties Realty Trust in a research note on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target on the stock. Evercore ISI raised their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Raymond James raised 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 note on Wednesday, August 21st. Finally, Truist Financial raised their price target on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $32.83.

Essential Properties Realty Trust 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.