Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 8.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,371 shares of the company’s stock after selling 2,442 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Essential Properties Realty Trust were worth $901,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings in Essential Properties Realty Trust by 95.2% in 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 period. Creative Planning boosted its position in shares of Essential Properties Realty Trust by 4.3% in the third 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. grew its holdings in Essential Properties Realty Trust by 8.2% in the third quarter. First Trust Direct Indexing L.P. now owns 7,890 shares of the company’s stock valued at $269,000 after purchasing an additional 597 shares during the period. CWM LLC grew its holdings in Essential Properties Realty Trust by 122.9% in 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 during the period. Finally, CIBC Asset Management Inc increased its position in Essential Properties Realty Trust by 7.8% during the second quarter. CIBC Asset Management Inc now owns 10,673 shares of the company’s stock worth $296,000 after purchasing an additional 772 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Scotiabank upped their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Monday. Evercore ISI increased their target price on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Truist Financial lifted their price target on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Mizuho increased their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company cut their target price on shares of 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. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.44.

Insider Buying and Selling

In other Essential Properties Realty Trust 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 sale, the chief executive officer now owns 446,076 shares of the company’s stock, valued at $14,421,637.08. This trade represents a 5.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.81% of the stock is currently owned by company insiders.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $33.98 on Wednesday. The stock has a market capitalization of $5.96 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.78 and a beta of 1.37. Essential Properties Realty Trust, Inc. has a 1 year low of $23.42 and a 1 year high of $34.51. The firm has a 50 day moving average of $33.16 and a 200-day moving average of $30.53. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.16). The firm had revenue of $117.13 million for the quarter, compared to analyst estimates of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. As a group, sell-side analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

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