Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stake Lowered by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 6.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,137 shares of the company’s stock after selling 731 shares during the period. Orion Portfolio Solutions LLC’s holdings in Essential Properties Realty Trust were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EPRT. State Street Corp raised its stake in shares of Essential Properties Realty Trust by 1.0% during the 3rd quarter. State Street Corp now owns 10,033,209 shares of the company’s stock worth $345,535,000 after purchasing an additional 96,615 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Essential Properties Realty Trust in the third quarter worth approximately $281,000. Morse Asset Management Inc bought a new position in Essential Properties Realty Trust during the third quarter valued at approximately $79,000. NFJ Investment Group LLC acquired a new stake in Essential Properties Realty Trust in the third quarter valued at approximately $1,902,000. Finally, Janus Henderson Group PLC grew its position in Essential Properties Realty Trust by 10.3% in the third quarter. Janus Henderson Group PLC now owns 100,971 shares of the company’s stock worth $3,449,000 after acquiring an additional 9,420 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Down 3.5 %

EPRT opened at $31.52 on Thursday. Essential Properties Realty Trust, Inc. has a 1-year low of $23.58 and a 1-year high of $34.88. The business has a 50 day moving average of $33.03 and a 200-day moving average of $31.23. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 2.74 and a beta of 1.38. 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 issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the company earned $0.42 earnings per share. Essential Properties Realty Trust’s revenue for the quarter was up 27.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.74%. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, December 31st. Essential Properties Realty Trust’s payout ratio is currently 102.61%.

Analyst Ratings Changes

A number of research firms have recently weighed in on EPRT. Stifel Nicolaus raised their price target on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a report on Thursday, September 26th. Raymond James raised 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. Evercore ISI upped their price target on 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 increased their price objective on Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company reduced their target price 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. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $33.91.

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.