1,121,629 Shares in Essential Properties Realty Trust, Inc. (NYSE:EPRT) Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,121,629 shares of the company’s stock, valued at approximately $35,085,000. Balyasny Asset Management L.P. owned about 0.64% of Essential Properties Realty Trust at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EPRT. Bastion Asset Management Inc. bought a new position in shares of Essential Properties Realty Trust during the 4th quarter worth approximately $325,000. Bank of America Corp DE increased its position in shares of Essential Properties Realty Trust by 163.3% during the fourth quarter. Bank of America Corp DE now owns 963,055 shares of the company’s stock worth $30,124,000 after purchasing an additional 597,293 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Essential Properties Realty Trust by 84.0% in the 4th quarter. BNP Paribas Financial Markets now owns 73,639 shares of the company’s stock worth $2,303,000 after purchasing an additional 33,624 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Essential Properties Realty Trust by 22.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 233,323 shares of the company’s stock worth $7,298,000 after buying an additional 42,692 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Essential Properties Realty Trust during the 4th quarter worth $1,076,000. 96.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EPRT has been the subject of several recent analyst reports. Barclays lowered their price target on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Scotiabank dropped their target price on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. B. Riley cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and raised their price target for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Truist Financial boosted their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a “buy” rating in a report on Monday. Finally, Capital One Financial assumed coverage on Essential Properties Realty Trust in a research note on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $34.91.

Insider Buying and Selling

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of Essential Properties Realty Trust stock in a transaction on Monday, February 24th. The shares were sold at an average price of $31.99, for a total transaction of $959,700.00. Following the sale, the director now owns 218,785 shares of the company’s stock, valued at $6,998,932.15. The trade was a 12.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.77% of the stock is currently owned by insiders.

Essential Properties Realty Trust Price Performance

NYSE:EPRT opened at $31.95 on Tuesday. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 52 week low of $26.07 and a 52 week high of $34.88. The stock’s 50-day moving average price is $31.66 and its 200-day moving average price is $32.02. The stock has a market capitalization of $6.31 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. The business had revenue of $129.35 million during the quarter, compared to analysts’ expectations of $124.88 million. During the same quarter last year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. As a group, equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a dividend of $0.295 per share. The ex-dividend date was Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.69%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 102.61%.

Essential Properties Realty Trust 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.