Sanctuary Advisors LLC Takes $622,000 Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Sanctuary Advisors LLC bought a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the second quarter, HoldingsChannel.com reports. The firm bought 24,218 shares of the company’s stock, valued at approximately $622,000.

Other institutional investors also recently modified their holdings of the company. Asset Dedication LLC bought a new stake in shares of Essential Properties Realty Trust in the second quarter valued at about $27,000. Quarry LP lifted its position in Essential Properties Realty Trust by 611.3% during the second quarter. Quarry LP now owns 1,195 shares of the company’s stock worth $33,000 after purchasing an additional 1,027 shares during the period. CWM LLC lifted its position in Essential Properties Realty Trust by 122.9% during the second quarter. CWM LLC now owns 1,244 shares of the company’s stock worth $34,000 after purchasing an additional 686 shares during the period. GAMMA Investing LLC lifted its position in Essential Properties Realty Trust by 116.4% during the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock worth $54,000 after purchasing an additional 1,046 shares during the period. Finally, Signaturefd LLC lifted its position in Essential Properties Realty Trust by 54.2% during the second quarter. Signaturefd LLC now owns 3,729 shares of the company’s stock worth $103,000 after purchasing an additional 1,310 shares during the period. Institutional investors own 96.98% of the company’s stock.

Wall Street Analyst Weigh In

EPRT has been the subject of several recent analyst reports. Scotiabank upped their price objective on shares of Essential Properties Realty Trust from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Friday. Evercore ISI upped 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 report on Monday, September 16th. UBS Group upped their price objective on shares of Essential Properties Realty Trust from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Raymond James increased their target price on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Finally, Truist Financial increased their target price on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.75.

Essential Properties Realty Trust Stock Performance

Essential Properties Realty Trust stock opened at $33.04 on Tuesday. The business has a 50 day moving average of $32.01 and a 200-day moving average of $29.05. Essential Properties Realty Trust, Inc. has a 1 year low of $20.49 and a 1 year high of $34.51. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.90 and a quick ratio of 4.90. The company has a market capitalization of $5.79 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.78 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last released 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 firm had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.99 million. During the same period in the prior year, the company earned $0.41 EPS. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. On average, equities research analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 94.31%.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction that occurred 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company’s stock.

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.