BNP Paribas Financial Markets Cuts Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

BNP Paribas Financial Markets lowered its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 28.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 40,015 shares of the company’s stock after selling 15,690 shares during the period. BNP Paribas Financial Markets’ holdings in Essential Properties Realty Trust were worth $1,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Quantbot Technologies LP lifted its stake in Essential Properties Realty Trust by 535.6% during the 3rd quarter. Quantbot Technologies LP now owns 50,978 shares of the company’s stock valued at $1,741,000 after acquiring an additional 42,958 shares during the period. FMR LLC lifted its stake in Essential Properties Realty Trust by 1.9% during the 3rd quarter. FMR LLC now owns 4,138,674 shares of the company’s stock valued at $141,336,000 after acquiring an additional 76,475 shares during the period. Bank of Montreal Can lifted its stake in Essential Properties Realty Trust by 840.9% during the 3rd quarter. Bank of Montreal Can now owns 622,034 shares of the company’s stock valued at $21,242,000 after acquiring an additional 555,926 shares during the period. Truvestments Capital LLC lifted its stake in Essential Properties Realty Trust by 11.7% during the 3rd quarter. Truvestments Capital LLC now owns 106,993 shares of the company’s stock valued at $3,654,000 after acquiring an additional 11,176 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its stake in Essential Properties Realty Trust by 8.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company’s stock valued at $233,000 after acquiring an additional 542 shares during the period. Institutional investors own 96.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EPRT. UBS Group upped their target price on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Evercore ISI increased their price objective on shares of 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. Raymond James increased their price objective 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. Truist Financial increased their price objective 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. Finally, Scotiabank increased their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research note on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $33.44.

Essential Properties Realty Trust Trading Down 0.7 %

Shares of EPRT opened at $32.67 on Monday. The firm has a market cap of $5.73 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 2.77 and a beta of 1.38. The company has a 50 day simple moving average of $33.09 and a two-hundred day simple moving average of $30.93. Essential Properties Realty Trust, Inc. has a 1 year low of $23.58 and a 1 year high of $34.88. 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 (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The company had revenue of $117.13 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $0.42 earnings per share. On average, equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

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.