Prudent Man Advisors LLC Invests $423,000 in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Prudent Man Advisors LLC purchased a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRTFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,385 shares of the company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Essential Properties Realty Trust by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock worth $676,561,000 after buying an additional 1,060,079 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Essential Properties Realty Trust by 29.2% during the second quarter. Thrivent Financial for Lutherans now owns 1,646,742 shares of the company’s stock worth $45,631,000 after purchasing an additional 372,040 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in Essential Properties Realty Trust by 101.5% during the first quarter. UniSuper Management Pty Ltd now owns 89,651 shares of the company’s stock worth $2,390,000 after purchasing an additional 45,151 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Essential Properties Realty Trust by 244.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 427,118 shares of the company’s stock valued at $11,958,000 after purchasing an additional 303,057 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Essential Properties Realty Trust by 26.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,424 shares of the company’s stock worth $8,347,000 after purchasing an additional 51,196 shares during the period. 96.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 27,817 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 446,076 shares in the company, valued at approximately $14,421,637.08. The trade was a 5.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EPRT shares. Stifel Nicolaus upped their price objective on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a report on Thursday, September 26th. Raymond James increased their price target on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company decreased their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Evercore ISI increased their target price on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Finally, Wedbush began coverage on Essential Properties Realty Trust in a research note on Monday, August 19th. They set an “outperform” rating and a $34.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.37.

View Our Latest Report on Essential Properties Realty Trust

Essential Properties Realty Trust Price Performance

EPRT stock opened at $33.39 on Tuesday. The stock’s 50 day moving average price is $33.04 and its 200 day moving average price is $30.30. The firm has a market cap of $5.85 billion, a P/E ratio of 29.03, a PEG ratio of 2.73 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 1 year low of $23.10 and a 1 year high of $34.51.

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 the consensus estimate 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 company had revenue of $117.13 million during the quarter, compared to analysts’ expectations of $109.73 million. During the same quarter in the prior year, the company earned $0.42 earnings per share. The firm’s revenue was up 27.8% compared to the same quarter last year. On average, sell-side analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 100.87%.

Essential Properties Realty Trust 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.

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

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