Natixis Advisors LLC Sells 42,608 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Natixis Advisors LLC lessened its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 48.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,419 shares of the company’s stock after selling 42,608 shares during the quarter. Natixis Advisors LLC’s holdings in Essential Properties Realty Trust were worth $1,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EPRT. Massachusetts Financial Services Co. MA boosted its holdings in shares of Essential Properties Realty Trust by 5,380.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,881,960 shares of the company’s stock valued at $52,149,000 after purchasing an additional 1,847,618 shares in the last quarter. APG Asset Management US Inc. bought a new stake in shares of Essential Properties Realty Trust during the 2nd quarter worth $21,274,000. Handelsbanken Fonder AB boosted its stake in Essential Properties Realty Trust by 1,669.8% in the third quarter. Handelsbanken Fonder AB now owns 603,500 shares of the company’s stock valued at $20,610,000 after buying an additional 569,400 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Essential Properties Realty Trust by 29.2% in the second quarter. Thrivent Financial for Lutherans now owns 1,646,742 shares of the company’s stock valued at $45,631,000 after acquiring an additional 372,040 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Essential Properties Realty Trust by 244.3% in the second quarter. Nisa Investment Advisors LLC now owns 427,118 shares of the company’s stock valued at $11,958,000 after acquiring an additional 303,057 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

Analyst Ratings Changes

EPRT has been the subject of a number of research reports. 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. Raymond James raised their target price on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Wells Fargo & Company lowered their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Wedbush initiated 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, Stifel Nicolaus boosted their price objective on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research report on Thursday, September 26th. 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.44.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the sale, the chief executive officer now directly owns 446,076 shares in the company, valued at approximately $14,421,637.08. The trade was a 5.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is owned by company insiders.

Essential Properties Realty Trust Trading Up 1.0 %

NYSE EPRT opened at $33.82 on Tuesday. The firm has a market capitalization of $5.93 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.78 and a beta of 1.37. The business’s 50-day moving average price is $33.16 and its two-hundred day moving average price is $30.53. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. Essential Properties Realty Trust, Inc. has a 12 month low of $23.42 and a 12 month high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $109.73 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. The business’s revenue was up 27.8% on a year-over-year basis. On average, analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 100.87%.

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.