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

The Manufacturers Life Insurance Company grew its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 13.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,710 shares of the company’s stock after purchasing an additional 11,833 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Essential Properties Realty Trust worth $2,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EPRT. APG Asset Management US Inc. acquired a new position in shares of Essential Properties Realty Trust in the second quarter worth about $21,274,000. AQR Capital Management LLC lifted its position in shares of Essential Properties Realty Trust by 56.5% in the second quarter. AQR Capital Management LLC now owns 18,047 shares of the company’s stock worth $500,000 after purchasing an additional 6,519 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Essential Properties Realty Trust by 57.4% in the second quarter. Squarepoint Ops LLC now owns 15,714 shares of the company’s stock worth $435,000 after purchasing an additional 5,733 shares in the last quarter. Xponance Inc. lifted its position in shares of Essential Properties Realty Trust by 25.0% in the second quarter. Xponance Inc. now owns 13,197 shares of the company’s stock worth $366,000 after purchasing an additional 2,639 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Essential Properties Realty Trust by 30.2% in the second quarter. Bank of Montreal Can now owns 66,108 shares of the company’s stock worth $1,834,000 after purchasing an additional 15,324 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust 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 sale, the chief executive officer now owns 446,076 shares in the company, valued at $14,421,637.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Trading Up 0.5 %

Shares of Essential Properties Realty Trust stock opened at $32.74 on Wednesday. The company’s fifty day simple moving average is $31.73 and its 200-day simple moving average is $28.87. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.93 and a beta of 1.37. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 1 year low of $20.49 and a 1 year high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last posted 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). Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The business had revenue of $109.30 million for the quarter, compared to analyst estimates of $102.99 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. As a group, sell-side analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, September 30th. This represents a $1.16 dividend on an annualized basis and a yield of 3.54%. Essential Properties Realty Trust’s dividend payout ratio is currently 94.31%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EPRT. UBS Group increased 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. Scotiabank raised their price objective on shares of Essential Properties Realty Trust from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $37.00 price objective (up previously from $34.00) on shares of Essential Properties Realty Trust in a research report on Tuesday, October 1st. Wedbush started coverage on shares of Essential Properties Realty Trust in a research report on Monday, August 19th. They set an “outperform” rating and a $34.00 price objective on the stock. Finally, The Goldman Sachs Group started 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 objective on the stock. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.60.

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.