Mutual of America Capital Management LLC Sells 2,442 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Mutual of America Capital Management LLC trimmed its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,371 shares of the company’s stock after selling 2,442 shares during the period. Mutual of America Capital Management LLC’s holdings in Essential Properties Realty Trust were worth $901,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Asset Dedication LLC bought a new stake in Essential Properties Realty Trust during the 2nd quarter valued at about $27,000. Blue Trust Inc. grew its holdings in shares of Essential Properties Realty Trust by 95.2% during the third 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. Quarry LP increased its position in shares of Essential Properties Realty Trust by 611.3% during the second quarter. Quarry LP now owns 1,195 shares of the company’s stock valued at $33,000 after acquiring an additional 1,027 shares in the last quarter. CWM LLC raised its holdings in Essential Properties Realty Trust by 122.9% in the 2nd quarter. CWM LLC now owns 1,244 shares of the company’s stock worth $34,000 after acquiring an additional 686 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Essential Properties Realty Trust by 116.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after acquiring an additional 1,046 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust 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 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 owns 446,076 shares of the company’s stock, valued at $14,421,637.08. The trade was a 5.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EPRT shares. Truist Financial lifted 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. Scotiabank boosted their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Monday. Wells Fargo & Company dropped their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Mizuho upped their price objective on Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Finally, Raymond James raised their target price on 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. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.44.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock opened at $33.98 on Wednesday. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average price of $33.16 and a 200 day moving average price of $30.53. Essential Properties Realty Trust, Inc. has a 12-month low of $23.42 and a 12-month high of $34.51. The stock has a market cap of $5.96 billion, a P/E ratio of 29.54, a PEG ratio of 2.78 and a beta of 1.37.

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 analysts’ consensus estimates of $0.43 by ($0.16). Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The company had revenue of $117.13 million during the quarter, compared to analyst estimates of $109.73 million. During the same period in the previous year, the company earned $0.42 EPS. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. Sell-side analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. Essential Properties Realty Trust’s payout ratio 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.