Envestnet Asset Management Inc. Buys 3,078 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Envestnet Asset Management Inc. lifted its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 201,201 shares of the company’s stock after buying an additional 3,078 shares during the period. Envestnet Asset Management Inc.’s holdings in Essential Properties Realty Trust were worth $5,575,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake 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 buying an additional 193,979 shares during the period. Vanguard Group Inc. boosted 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 valued at $676,561,000 after purchasing an additional 1,060,079 shares in the last quarter. Hazelview Securities Inc. boosted 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 valued at $22,731,000 after purchasing an additional 460,065 shares in the last quarter. Nordea Investment Management AB boosted 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 valued at $7,530,000 after purchasing an additional 94,970 shares in the last quarter. Finally, Heitman Real Estate Securities LLC boosted 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 valued at $26,794,000 after purchasing an additional 56,990 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $34.15 on Tuesday. Essential Properties Realty Trust, Inc. has a 1 year low of $20.49 and a 1 year high of $34.51. The firm has a 50 day moving average of $31.44 and a 200-day moving average of $28.56. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $5.99 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 2.93 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data 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). Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The company had revenue of $109.30 million during the quarter, compared to the consensus estimate of $102.99 million. During the same quarter last year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. 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 Announces Dividend

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

Insider Buying and Selling

In related news, CEO Peter M. Mavoides sold 12,712 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $28.03, for a total value of $356,317.36. Following the completion of the transaction, the chief executive officer now owns 500,552 shares in the company, valued at approximately $14,030,472.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction of $899,323.61. Following the completion of the sale, the chief executive officer now owns 446,076 shares of the company’s stock, valued at approximately $14,421,637.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter M. Mavoides sold 12,712 shares of Essential Properties Realty Trust stock in a transaction on Friday, July 5th. The stock was sold at an average price of $28.03, for a total transaction of $356,317.36. Following the sale, the chief executive officer now directly owns 500,552 shares of the company’s stock, valued at approximately $14,030,472.56. The disclosure for this sale can be found here. Insiders sold 41,729 shares of company stock worth $1,289,241 in the last quarter. Insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on Essential Properties Realty Trust from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 18th. The Goldman Sachs Group assumed 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. Truist Financial lifted their price objective on Essential Properties Realty Trust from $29.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 5th. Wells Fargo & Company lifted their price objective on Essential Properties Realty Trust from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Finally, Raymond James lifted their price objective 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 assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.13.

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.