Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd decreased its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,125 shares of the company’s stock after selling 4,594 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Essential Properties Realty Trust were worth $8,542,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. GSA Capital Partners LLP grew its stake in shares of Essential Properties Realty Trust by 97.4% in the 3rd quarter. GSA Capital Partners LLP now owns 30,997 shares of the company’s stock worth $1,059,000 after purchasing an additional 15,298 shares during the last quarter. Versor Investments LP raised its holdings in shares of Essential Properties Realty Trust by 91.1% during the third quarter. Versor Investments LP now owns 20,500 shares of the company’s stock valued at $700,000 after acquiring an additional 9,772 shares during the period. Meritage Portfolio Management grew its position in Essential Properties Realty Trust by 1,101.0% during the third quarter. Meritage Portfolio Management now owns 168,434 shares of the company’s stock valued at $5,752,000 after purchasing an additional 154,410 shares in the last quarter. QRG Capital Management Inc. grew its position in Essential Properties Realty Trust by 16.1% during the third quarter. QRG Capital Management Inc. now owns 74,029 shares of the company’s stock valued at $2,528,000 after purchasing an additional 10,242 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Essential Properties Realty Trust by 7.2% during the third quarter. Asset Management One Co. Ltd. now owns 374,217 shares of the company’s stock valued at $12,780,000 after purchasing an additional 25,289 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Insider Activity

In other news, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the sale, the chief executive officer now directly owns 446,076 shares in the company, valued at $14,421,637.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is owned by corporate insiders.

Essential Properties Realty Trust Stock Performance

Shares of NYSE:EPRT opened at $33.30 on Tuesday. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 2.81 and a beta of 1.37. The firm’s 50 day simple moving average is $32.95 and its 200 day simple moving average is $30.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. Essential Properties Realty Trust, Inc. has a fifty-two week low of $22.32 and a fifty-two week high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.16). The company 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 business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share. As a group, sell-side analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a $0.29 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.48%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 100.87%.

Analyst Ratings Changes

EPRT has been the subject of several recent analyst reports. Raymond James upped their price objective on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company dropped their price objective 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. Truist Financial increased their price objective on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus increased 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. Finally, Evercore ISI upped their target price on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $32.83.

Essential Properties Realty Trust Company 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.