Essential Properties Realty Trust, Inc. (NYSE:EPRT) Holdings Decreased by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 3.6% in the third quarter, Holdings Channel.com reports. The fund owned 372,030 shares of the company’s stock after selling 13,700 shares during the period. Public Sector Pension Investment Board’s holdings in Essential Properties Realty Trust were worth $12,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in Essential Properties Realty Trust by 29.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,646,742 shares of the company’s stock worth $45,631,000 after buying an additional 372,040 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Essential Properties Realty Trust by 244.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 427,118 shares of the company’s stock worth $11,958,000 after buying an additional 303,057 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Essential Properties Realty Trust by 26.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,424 shares of the company’s stock worth $8,347,000 after buying an additional 51,196 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Essential Properties Realty Trust by 33.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company’s stock worth $85,491,000 after buying an additional 621,445 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Essential Properties Realty Trust by 31.4% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 157,731 shares of the company’s stock worth $4,205,000 after buying an additional 37,729 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Stock Up 1.0 %

NYSE:EPRT opened at $34.31 on Friday. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.81 and a beta of 1.37. Essential Properties Realty Trust, Inc. has a 1-year low of $23.42 and a 1-year high of $34.72. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The business’s fifty day moving average price is $33.19 and its 200 day moving average price is $30.61.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.16). The business had revenue of $117.13 million for the quarter, compared to analyst estimates of $109.73 million. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, sell-side analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.38%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s payout ratio is 100.87%.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the transaction, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at $14,421,637.08. This represents a 5.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on EPRT shares. Scotiabank boosted their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Monday. Raymond James boosted their price target on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Evercore ISI boosted 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 report on Monday, September 16th. Truist Financial boosted their price target on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Mizuho boosted their price target on Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $33.44.

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.