BNP Paribas Financial Markets Sells 15,690 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

BNP Paribas Financial Markets trimmed its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 28.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 40,015 shares of the company’s stock after selling 15,690 shares during the quarter. BNP Paribas Financial Markets’ holdings in Essential Properties Realty Trust were worth $1,367,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Blue Trust Inc. lifted its holdings 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 worth $28,000 after acquiring an additional 399 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of Essential Properties Realty Trust by 8.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company’s stock worth $233,000 after acquiring an additional 542 shares during the last quarter. Creative Planning lifted its holdings in shares of Essential Properties Realty Trust by 4.3% in the 3rd quarter. Creative Planning now owns 13,450 shares of the company’s stock worth $459,000 after acquiring an additional 558 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Essential Properties Realty Trust by 8.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,890 shares of the company’s stock worth $269,000 after acquiring an additional 597 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of 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. 96.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wedbush assumed coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They set an “outperform” rating and a $34.00 price target for the company. Wells Fargo & Company lowered 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 report on Monday, November 4th. Raymond James upped their price target on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. UBS Group upped their price target on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Evercore ISI upped their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.44.

Essential Properties Realty Trust Stock Down 0.7 %

NYSE:EPRT opened at $32.67 on Monday. The firm’s 50-day moving average price is $33.09 and its 200-day moving average price is $30.93. The company has a market capitalization of $5.73 billion, a PE ratio of 28.41, a P/E/G ratio of 2.77 and a beta of 1.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. Essential Properties Realty Trust, Inc. has a 1-year low of $23.58 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $109.73 million. During the same period in the prior year, the company earned $0.42 earnings per share. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, equities analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

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.