Burney Co. Has $1.99 Million Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Burney Co. cut its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,740 shares of the company’s stock after selling 2,372 shares during the quarter. Burney Co.’s holdings in Essential Properties Realty Trust were worth $1,994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. increased its stake in shares of Essential Properties Realty Trust by 95.2% in the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after acquiring an additional 399 shares in the last quarter. Quarry LP increased its stake in Essential Properties Realty Trust by 611.3% in the second quarter. Quarry LP now owns 1,195 shares of the company’s stock valued at $33,000 after purchasing an additional 1,027 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Essential Properties Realty Trust by 215.4% during the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock valued at $38,000 after purchasing an additional 827 shares during the period. Morse Asset Management Inc bought a new position in shares of Essential Properties Realty Trust during the 3rd quarter worth about $79,000. Finally, GAMMA Investing LLC boosted its position in shares of Essential Properties Realty Trust by 63.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,173 shares of the company’s stock worth $108,000 after purchasing an additional 1,228 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EPRT has been the topic of a number of research reports. Mizuho upped their price target on Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Barclays started coverage on Essential Properties Realty Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $35.94 target price on the stock. Truist Financial lifted 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 report on Thursday, October 3rd. Wells Fargo & Company decreased 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 research note on Monday, November 4th. Finally, Stifel Nicolaus raised their price objective on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.91.

Essential Properties Realty Trust Trading Up 0.3 %

Shares of EPRT stock opened at $31.10 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 3.27 and a beta of 1.39. Essential Properties Realty Trust, Inc. has a 52-week low of $23.58 and a 52-week high of $34.88. The company has a 50-day simple moving average of $32.45 and a two-hundred day simple moving average of $31.79.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results 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). The business had revenue of $117.13 million during the quarter, compared to the consensus estimate of $109.73 million. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The business’s revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. Research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.79%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 31st. Essential Properties Realty Trust’s payout ratio is presently 102.61%.

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.