Voloridge Investment Management LLC Sells 96,076 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Voloridge Investment Management LLC reduced its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 809,637 shares of the company’s stock after selling 96,076 shares during the period. Voloridge Investment Management LLC owned approximately 0.46% of Essential Properties Realty Trust worth $25,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Crowley Wealth Management Inc. acquired a new position in Essential Properties Realty Trust in the 4th quarter valued at $28,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Essential Properties Realty Trust by 74.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after purchasing an additional 468 shares during the period. Jones Financial Companies Lllp raised its stake in Essential Properties Realty Trust by 1,834.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock valued at $37,000 after purchasing an additional 1,119 shares in the last quarter. Quarry LP raised its stake in Essential Properties Realty Trust by 439.4% in the fourth quarter. Quarry LP now owns 1,451 shares of the company’s stock valued at $45,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Essential Properties Realty Trust by 275.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock worth $77,000 after purchasing an additional 1,802 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Insiders Place Their Bets

In related news, Director Stephen D. Sautel sold 12,500 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total value of $406,750.00. Following the completion of the sale, the director now directly owns 178,785 shares in the company, valued at $5,817,663.90. This represents a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EPRT. Truist Financial raised their target price 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, May 5th. UBS Group decreased their price objective on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. B. Riley downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Capital One Financial started coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 target price on the stock. Finally, Barclays lifted their price target on Essential Properties Realty Trust from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Essential Properties Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $34.91.

Essential Properties Realty Trust Trading Down 1.2%

NYSE EPRT opened at $31.91 on Thursday. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. Essential Properties Realty Trust, Inc. has a twelve month low of $26.07 and a twelve month high of $34.88. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average is $31.67 and its 200 day moving average is $31.95.

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

Essential Properties Realty Trust Dividend Announcement

The firm also recently announced 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 yield of 3.70%. Essential Properties Realty Trust’s dividend payout ratio 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.