Intech Investment Management LLC Makes New Investment in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Intech Investment Management LLC bought a new position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 48,554 shares of the company’s stock, valued at approximately $1,658,000.

Other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans lifted its stake in Essential Properties Realty Trust by 29.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,646,742 shares of the company’s stock worth $45,631,000 after purchasing an additional 372,040 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings 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. Sumitomo Mitsui Trust Group Inc. grew its position in Essential Properties Realty Trust by 26.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,424 shares of the company’s stock worth $8,347,000 after acquiring an additional 51,196 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Essential Properties Realty Trust by 31.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 157,731 shares of the company’s stock worth $4,205,000 after acquiring an additional 37,729 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Essential Properties Realty Trust by 9.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 193,228 shares of the company’s stock valued at $5,354,000 after purchasing an additional 16,978 shares during the period. 96.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 27,817 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the completion of the transaction, the chief executive officer now directly owns 446,076 shares of the company’s stock, 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on 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. Evercore ISI increased their target price on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Truist Financial boosted their price target on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. UBS Group increased their price objective on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Wedbush started coverage on Essential Properties Realty Trust in a research report on Monday, August 19th. They issued an “outperform” rating and a $34.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.44.

Essential Properties Realty Trust Stock Up 1.0 %

Shares of NYSE EPRT opened at $33.82 on Tuesday. The stock has a market cap of $5.93 billion, a P/E ratio of 29.41, a PEG ratio of 2.78 and a beta of 1.37. The business’s fifty day simple moving average is $33.16 and its 200-day simple moving average is $30.53. Essential Properties Realty Trust, Inc. has a 12-month low of $23.42 and a 12-month high of $34.51. 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 (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 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 analysts’ expectations of $109.73 million. During the same quarter in the previous year, the business posted $0.42 EPS. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. As a group, equities analysts predict 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 was paid on Friday, October 11th. Stockholders 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 dividend yield of 3.43%. The ex-dividend date of this dividend 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.