World Investment Advisors LLC purchased a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 13,127 shares of the company’s stock, valued at approximately $448,000.
Several other large investors have also recently added to or reduced their stakes in EPRT. Coldstream Capital Management Inc. purchased a new position in Essential Properties Realty Trust in the third quarter valued at about $216,000. Geode Capital Management LLC increased its holdings in Essential Properties Realty Trust by 2.7% in the third quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company’s stock valued at $152,642,000 after buying an additional 118,927 shares in the last quarter. Duff & Phelps Investment Management Co. purchased a new position in Essential Properties Realty Trust in the third quarter valued at about $69,473,000. Barclays PLC increased its holdings in Essential Properties Realty Trust by 118.6% in the third quarter. Barclays PLC now owns 297,989 shares of the company’s stock valued at $10,176,000 after buying an additional 161,697 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Essential Properties Realty Trust by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 250,885 shares of the company’s stock valued at $8,568,000 after buying an additional 2,034 shares in the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Wells Fargo & Company dropped their target price on shares of 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. Mizuho increased their price target on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price target on the stock. Evercore ISI increased their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Raymond James increased their price target on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.91.
Essential Properties Realty Trust Stock Down 0.5 %
Shares of NYSE EPRT opened at $32.69 on Wednesday. Essential Properties Realty Trust, Inc. has a 1 year low of $23.58 and a 1 year high of $34.88. The firm’s 50 day moving average price is $33.06 and its 200 day moving average price is $31.23. The firm has a market cap of $5.73 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 2.74 and a beta of 1.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59.
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The firm had revenue of $117.13 million for the quarter, compared to analyst estimates of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The firm’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 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.
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