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

Public Sector Pension Investment Board lowered its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 3.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 372,030 shares of the company’s stock after selling 13,700 shares during the quarter. Public Sector Pension Investment Board owned 0.21% of Essential Properties Realty Trust worth $12,705,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC lifted its holdings in Essential Properties Realty Trust by 1.9% in the third quarter. FMR LLC now owns 4,138,674 shares of the company’s stock valued at $141,336,000 after acquiring an additional 76,475 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Essential Properties Realty Trust by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,829,776 shares of the company’s stock valued at $96,637,000 after buying an additional 141,612 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Essential Properties Realty Trust by 11.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,575,683 shares of the company’s stock valued at $71,372,000 after buying an additional 264,052 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Essential Properties Realty Trust by 33.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company’s stock valued at $85,491,000 after buying an additional 621,445 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Essential Properties Realty Trust by 9.4% in the second quarter. Bank of New York Mellon Corp now owns 1,966,304 shares of the company’s stock valued at $54,486,000 after buying an additional 169,222 shares in the last quarter. Institutional investors and hedge funds 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 Essential Properties Realty Trust stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction 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. The trade was a 5.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is owned by company insiders.

Essential Properties Realty Trust Stock Performance

Essential Properties Realty Trust stock opened at $34.31 on Friday. The stock’s 50 day moving average price is $33.19 and its 200 day moving average price is $30.61. The firm has a market capitalization of $6.02 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 2.81 and a beta of 1.37. 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, Inc. has a one year low of $23.42 and a one year high of $34.72.

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

Essential Properties Realty Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EPRT. Raymond James raised their price target on 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. Stifel Nicolaus raised their price target on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Mizuho raised their price target on Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Scotiabank raised 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 note on Monday. Finally, UBS Group lifted their price objective on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Essential Properties Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $33.44.

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.