Stifel Financial Corp Cuts Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Stifel Financial Corp trimmed its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 172,430 shares of the company’s stock after selling 6,561 shares during the period. Stifel Financial Corp owned approximately 0.10% of Essential Properties Realty Trust worth $5,888,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Essential Properties Realty Trust by 95.2% during the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after purchasing an additional 399 shares in the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Essential Properties Realty Trust by 8.6% during the third 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 in the last quarter. Creative Planning raised its holdings in 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 position in 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 valued at $269,000 after acquiring an additional 597 shares in the last quarter. Finally, CWM LLC boosted its stake in Essential Properties Realty Trust by 122.9% during the 2nd 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 last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $32.90 on Friday. The business’s fifty day moving average is $33.05 and its 200 day moving average is $31.11. Essential Properties Realty Trust, Inc. has a fifty-two week low of $23.58 and a fifty-two week high of $34.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59. The company has a market capitalization of $5.77 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 2.74 and a beta of 1.38.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $109.73 million. During the same quarter last year, the firm posted $0.42 earnings per share. The company’s revenue was up 27.8% compared to the same quarter last year. Sell-side analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.295 per share. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.59%. Essential Properties Realty Trust’s payout ratio is 100.87%.

Analyst Upgrades and Downgrades

EPRT has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price target on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Essential Properties Realty Trust in a research note on Wednesday. They set a “buy” rating and a $38.00 target price on the stock. Scotiabank lifted their price target 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. Wedbush assumed coverage on shares of Essential Properties Realty Trust in a research report on Monday, August 19th. They set an “outperform” rating and a $34.00 price objective on the stock. Finally, Mizuho lifted their target price 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. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.77.

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.