Burney Co. Has $1.99 Million Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Burney Co. reduced its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRTFree Report) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,740 shares of the company’s stock after selling 2,372 shares during the period. Burney Co.’s holdings in Essential Properties Realty Trust were worth $1,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Essential Properties Realty Trust by 95.2% during the third quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $28,000 after purchasing an additional 399 shares during the period. Harvest Fund Management Co. Ltd lifted its holdings in shares of Essential Properties Realty Trust by 8.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company’s stock worth $233,000 after acquiring an additional 542 shares during the period. Creative Planning boosted its position in shares of Essential Properties Realty Trust by 4.3% during the 3rd quarter. Creative Planning now owns 13,450 shares of the company’s stock worth $459,000 after acquiring an additional 558 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in Essential Properties Realty Trust by 8.2% in the third quarter. First Trust Direct Indexing L.P. now owns 7,890 shares of the company’s stock valued at $269,000 after acquiring an additional 597 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Essential Properties Realty Trust by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 3,935 shares of the company’s stock valued at $123,000 after acquiring an additional 762 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised their target price on Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a report on Thursday, September 26th. UBS Group raised 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. Truist Financial lifted their target price on Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Scotiabank increased their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Finally, Mizuho lifted 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 report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $33.91.

Get Our Latest Analysis on Essential Properties Realty Trust

Essential Properties Realty Trust Stock Up 0.3 %

Shares of NYSE:EPRT opened at $31.10 on Thursday. The firm has a market cap of $5.45 billion, a P/E ratio of 27.04, a P/E/G ratio of 3.27 and a beta of 1.39. Essential Properties Realty Trust, Inc. has a 12-month low of $23.58 and a 12-month high of $34.88. The business has a fifty day simple moving average of $32.45 and a 200 day simple moving average of $31.79. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69.

Essential Properties Realty Trust (NYSE:EPRTGet Free Report) last issued its quarterly earnings data 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). Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The company had revenue of $117.13 million for the quarter, compared to the consensus estimate of $109.73 million. During the same quarter last year, the business earned $0.42 earnings per share. Essential Properties Realty Trust’s revenue was up 27.8% compared to the same quarter last year. Analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.295 per share. The ex-dividend date was Tuesday, December 31st. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 3.79%. Essential Properties Realty Trust’s dividend payout ratio is 102.61%.

Essential Properties Realty Trust Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding EPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essential Properties Realty Trust, Inc. (NYSE:EPRTFree Report).

Institutional Ownership by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

Receive News & Ratings for Essential Properties Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Properties Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.