Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,017 shares of the company’s stock after selling 2,693 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Essential Properties Realty Trust worth $3,381,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of EPRT. Asset Dedication LLC acquired a new position in shares of Essential Properties Realty Trust in the second quarter worth about $27,000. Blue Trust Inc. lifted its position in shares of Essential Properties Realty Trust by 95.2% in the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after acquiring an additional 399 shares in the last quarter. Quarry LP boosted its stake in Essential Properties Realty Trust by 611.3% in the 2nd quarter. Quarry LP now owns 1,195 shares of the company’s stock worth $33,000 after purchasing an additional 1,027 shares during the period. CWM LLC grew its position in Essential Properties Realty Trust by 122.9% during the 2nd 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. Finally, GAMMA Investing LLC raised its stake in Essential Properties Realty Trust by 116.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after purchasing an additional 1,046 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

Shares of EPRT opened at $32.67 on Friday. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. Essential Properties Realty Trust, Inc. has a 12 month low of $23.58 and a 12 month high of $34.88. The company’s fifty day moving average is $33.09 and its 200-day moving average is $30.90. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 2.77 and a beta of 1.38.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.16). Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The business had revenue of $117.13 million for the quarter, compared to analyst estimates of $109.73 million. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were issued a $0.29 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.16 annualized dividend and a yield of 3.55%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 100.87%.

Analysts Set New Price Targets

EPRT has been the subject of several recent analyst reports. Truist Financial raised their target price on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Evercore ISI raised their price objective on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Stifel Nicolaus upped their target price on Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a report on Thursday, September 26th. Wells Fargo & Company reduced their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, UBS Group upped their price objective on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $33.44.

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.