Harvest Fund Management Co. Ltd Raises Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Harvest Fund Management Co. Ltd lifted its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 8.6% during the third quarter, Holdings Channel reports. The fund owned 6,815 shares of the company’s stock after acquiring an additional 542 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Essential Properties Realty Trust were worth $233,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in Essential Properties Realty Trust by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,838 shares of the company’s stock worth $2,369,000 after purchasing an additional 5,672 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Essential Properties Realty Trust during the first quarter worth about $290,000. Teachers Retirement System of The State of Kentucky grew its position in shares of Essential Properties Realty Trust by 31.4% during the first 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 in the last quarter. GAMMA Investing LLC increased its stake in shares of Essential Properties Realty Trust by 116.4% during the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock worth $54,000 after buying an additional 1,046 shares during the period. Finally, First Hawaiian Bank raised its holdings in Essential Properties Realty Trust by 19.0% in the second quarter. First Hawaiian Bank now owns 23,312 shares of the company’s stock valued at $646,000 after acquiring an additional 3,722 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction of $899,323.61. Following the completion of the transaction, the chief executive officer now owns 446,076 shares in the company, valued at approximately $14,421,637.08. This represents a 5.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by insiders.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock opened at $33.98 on Wednesday. The firm’s fifty day simple moving average is $33.16 and its 200-day simple moving average is $30.53. Essential Properties Realty Trust, Inc. has a 12 month low of $23.42 and a 12 month high of $34.51. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.78 and a beta of 1.37. 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 (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The business had revenue of $117.13 million during the quarter, compared to analyst estimates of $109.73 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, equities 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 business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 100.87%.

Analyst Ratings Changes

A number of equities research analysts have commented on EPRT shares. Scotiabank increased their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Monday. Wedbush started coverage on Essential Properties Realty Trust in a report on Monday, August 19th. They issued an “outperform” rating and a $34.00 target price on the stock. Truist Financial raised their price target on 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. Wells Fargo & Company lowered their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Mizuho raised their target price 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.44.

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.