Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC raised its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 56.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,047 shares of the company’s stock after buying an additional 6,519 shares during the period. AQR Capital Management LLC’s holdings in Essential Properties Realty Trust were worth $500,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Thoroughbred Financial Services LLC raised its holdings in Essential Properties Realty Trust by 5.3% in the 1st quarter. Thoroughbred Financial Services LLC now owns 12,879 shares of the company’s stock worth $343,000 after purchasing an additional 654 shares during the period. CWM LLC lifted its holdings in Essential Properties Realty Trust by 122.9% during the second quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after purchasing an additional 686 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Essential Properties Realty Trust by 7.8% in the second quarter. CIBC Asset Management Inc now owns 10,673 shares of the company’s stock valued at $296,000 after purchasing an additional 772 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Essential Properties Realty Trust by 1.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 42,586 shares of the company’s stock worth $1,180,000 after purchasing an additional 800 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Essential Properties Realty Trust by 4.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 24,673 shares of the company’s stock valued at $684,000 after buying an additional 965 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $33.04 on Tuesday. Essential Properties Realty Trust, Inc. has a fifty-two week low of $20.49 and a fifty-two week high of $34.51. The company has a debt-to-equity ratio of 0.59, a quick ratio of 4.90 and a current ratio of 4.90. The company has a 50 day moving average price of $32.01 and a 200 day moving average price of $29.05. The stock has a market capitalization of $5.79 billion, a P/E ratio of 26.86, a PEG ratio of 2.78 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, July 24th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.13). The firm had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.99 million. Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The business’s revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. Equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current 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 dividend on an annualized basis and a yield of 3.51%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 94.31%.

Insider Buying and Selling

In other news, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the transaction, the chief executive officer now owns 446,076 shares in the company, valued at approximately $14,421,637.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on EPRT. Evercore ISI raised their target price on Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. UBS Group upped their target price on shares of Essential Properties Realty Trust from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Scotiabank boosted their price target on shares of Essential Properties Realty Trust from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday. Raymond James raised their target price on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Finally, The Goldman Sachs Group started coverage on Essential Properties Realty Trust in a research report on Friday, June 28th. They issued a “buy” rating and a $33.00 price target for the company. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $32.75.

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.