Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 6,512.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,151 shares of the company’s stock after buying an additional 13,937 shares during the quarter. International Assets Investment Management LLC’s holdings in Essential Properties Realty Trust were worth $483,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of Essential Properties Realty Trust by 95.2% during the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after buying an additional 399 shares during the last quarter. Creative Planning boosted its stake in shares of Essential Properties Realty Trust by 4.3% during the 3rd quarter. Creative Planning now owns 13,450 shares of the company’s stock valued at $459,000 after buying an additional 558 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Essential Properties Realty Trust by 5.3% during the 1st quarter. Thoroughbred Financial Services LLC now owns 12,879 shares of the company’s stock valued at $343,000 after buying an additional 654 shares during the last quarter. CWM LLC boosted its stake in shares of Essential Properties Realty Trust by 122.9% during the 2nd 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 last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Essential Properties Realty Trust by 7.8% during the 2nd quarter. CIBC Asset Management Inc now owns 10,673 shares of the company’s stock valued at $296,000 after buying an additional 772 shares during the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EPRT. UBS Group increased their target price on Essential Properties Realty Trust from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Stifel Nicolaus raised their price objective on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, September 26th. 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 note on Monday, September 16th. Wedbush initiated coverage on Essential Properties Realty Trust in a research note on Monday, August 19th. They set an “outperform” rating and a $34.00 price objective on the stock. Finally, Scotiabank raised their price objective on Essential Properties Realty Trust from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

Insider Activity

In other news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was 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 of the company’s stock, valued at approximately $14,421,637.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Stock Performance

EPRT stock opened at $31.81 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 27.64, a PEG 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 stock’s fifty day moving average is $32.88 and its two-hundred day moving average is $29.84.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The business had revenue of $117.13 million for the quarter, compared to analyst estimates 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 for the quarter was up 27.8% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. On average, research analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 100.87%.

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.