Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 29.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,646,742 shares of the company’s stock after purchasing an additional 372,040 shares during the period. Thrivent Financial for Lutherans’ holdings in Essential Properties Realty Trust were worth $45,631,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. increased its holdings in shares of Essential Properties Realty Trust by 409.2% in the first quarter. Daiwa Securities Group Inc. now owns 241,386 shares of the company’s stock valued at $6,435,000 after purchasing an additional 193,979 shares during the period. Vanguard Group Inc. grew its holdings in Essential Properties Realty Trust by 4.4% during the first quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock worth $676,561,000 after acquiring an additional 1,060,079 shares during the period. Hazelview Securities Inc. grew its holdings in Essential Properties Realty Trust by 112.9% during the first quarter. Hazelview Securities Inc. now owns 867,585 shares of the company’s stock worth $22,731,000 after acquiring an additional 460,065 shares during the period. Nordea Investment Management AB grew its holdings in Essential Properties Realty Trust by 51.0% during the first quarter. Nordea Investment Management AB now owns 281,275 shares of the company’s stock worth $7,530,000 after acquiring an additional 94,970 shares during the period. Finally, Heitman Real Estate Securities LLC grew its holdings in Essential Properties Realty Trust by 5.7% during the fourth quarter. Heitman Real Estate Securities LLC now owns 1,048,293 shares of the company’s stock worth $26,794,000 after acquiring an additional 56,990 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Insider Activity

In other news, CEO Peter M. Mavoides sold 1,200 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total value of $33,600.00. Following the sale, the chief executive officer now directly owns 513,264 shares in the company, valued at $14,371,392. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Peter M. Mavoides sold 12,712 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $28.03, for a total transaction of $356,317.36. Following the transaction, the chief executive officer now directly owns 500,552 shares in the company, valued at $14,030,472.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter M. Mavoides sold 1,200 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total value of $33,600.00. Following the transaction, the chief executive officer now owns 513,264 shares in the company, valued at $14,371,392. The disclosure for this sale can be found here. Insiders have sold 62,592 shares of company stock worth $1,863,808 over the last three months. 0.81% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EPRT has been the topic of a number of recent analyst reports. Truist Financial upped their price objective on Essential Properties Realty Trust from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 5th. The Goldman Sachs Group initiated coverage on Essential Properties Realty Trust in a report on Friday, June 28th. They set a “buy” rating and a $33.00 price objective on the stock. UBS Group upped their price objective on Essential Properties Realty Trust from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Wedbush assumed coverage on Essential Properties Realty Trust in a report on Monday, August 19th. They set an “outperform” rating and a $34.00 price objective on the stock. Finally, Raymond James upped their target price on Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.81.

Essential Properties Realty Trust Stock Up 0.6 %

Shares of NYSE:EPRT opened at $34.10 on Monday. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 52-week low of $20.49 and a 52-week high of $34.24. The stock’s fifty day simple moving average is $31.02 and its 200-day simple moving average is $28.19. The company has a market capitalization of $5.98 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.73 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.13). Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The company had revenue of $109.30 million during the quarter, compared to analysts’ expectations of $102.99 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The firm’s revenue was up 26.4% compared to the same quarter last year. As a group, equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be given a $0.29 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.40%. Essential Properties Realty Trust’s dividend payout ratio is currently 94.31%.

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.