Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stock Holdings Lifted by Tidal Investments LLC

Tidal Investments LLC lifted its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 30.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,280 shares of the company’s stock after acquiring an additional 7,339 shares during the quarter. Tidal Investments LLC’s holdings in Essential Properties Realty Trust were worth $1,068,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Essential Properties Realty Trust by 1.0% during the 3rd quarter. State Street Corp now owns 10,033,209 shares of the company’s stock worth $345,535,000 after acquiring an additional 96,615 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Essential Properties Realty Trust by 2.7% during the third quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company’s stock worth $152,642,000 after purchasing an additional 118,927 shares during the period. FMR LLC grew its position in Essential Properties Realty Trust by 1.9% during the third quarter. FMR LLC now owns 4,138,674 shares of the company’s stock valued at $141,336,000 after purchasing an additional 76,475 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Essential Properties Realty Trust by 5.3% during 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 purchasing an additional 141,612 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Essential Properties Realty Trust by 11.4% in the 2nd 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 during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Down 2.2 %

NYSE:EPRT opened at $30.82 on Friday. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average is $33.00 and its 200-day moving average is $31.23. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 2.74 and a beta of 1.38. Essential Properties Realty Trust, Inc. has a 12 month low of $23.58 and a 12 month high of $34.88.

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 firm had revenue of $117.13 million during the quarter, compared to the consensus estimate 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 revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 EPS. Equities analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.295 per share. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 3.83%. Essential Properties Realty Trust’s dividend payout ratio is presently 102.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Mizuho lifted their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $38.00 price objective for the company. Wells Fargo & Company dropped their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Barclays assumed coverage on Essential Properties Realty Trust in a report on Tuesday. They set an “overweight” rating and a $35.94 price target for the company. Finally, UBS Group increased their price objective on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.91.

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.