Bank of America Corp DE Increases Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Bank of America Corp DE lifted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 163.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 963,055 shares of the company's stock after buying an additional 597,293 shares during the quarter. Bank of America Corp DE owned approximately 0.55% of Essential Properties Realty Trust worth $30,124,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EPRT. Crowley Wealth Management Inc. purchased a new position in Essential Properties Realty Trust during the 4th quarter worth $28,000. MassMutual Private Wealth & Trust FSB increased its position in Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock valued at $34,000 after purchasing an additional 468 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock worth $37,000 after purchasing an additional 1,119 shares during the period. Quarry LP increased its holdings in Essential Properties Realty Trust by 439.4% during the fourth quarter. Quarry LP now owns 1,451 shares of the company's stock valued at $45,000 after buying an additional 1,182 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Essential Properties Realty Trust by 275.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock worth $77,000 after buying an additional 1,802 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company's stock.

Insider Buying and Selling at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the completion of the sale, the director now directly owns 178,785 shares in the company, valued at approximately $5,817,663.90. The trade was a 6.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock traded down $0.26 on Thursday, hitting $31.61. The company had a trading volume of 83,814 shares, compared to its average volume of 1,426,119. Essential Properties Realty Trust, Inc. has a twelve month low of $26.07 and a twelve month high of $34.88. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6.24 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. The company has a 50-day moving average price of $31.67 and a 200-day moving average price of $31.95.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The firm had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The company's revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. As a group, equities research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio is presently 102.61%.

Wall Street Analyst Weigh In

EPRT has been the subject of several recent research reports. Capital One Financial began coverage on Essential Properties Realty Trust in a research report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price target for the company. Scotiabank lifted their price target 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, May 12th. Barclays raised their price objective on Essential Properties Realty Trust from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday. B. Riley lowered Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Finally, Truist Financial upped their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Essential Properties Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $34.91.

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.