Bastion Asset Management Inc. Makes New $325,000 Investment in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Bastion Asset Management Inc. bought a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,384 shares of the company's stock, valued at approximately $325,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Crowley Wealth Management Inc. acquired a new position in shares of Essential Properties Realty Trust during the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock worth $34,000 after purchasing an additional 468 shares in the last quarter. Jones Financial Companies Lllp raised its position in Essential Properties Realty Trust by 1,834.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after purchasing an additional 1,119 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Essential Properties Realty Trust by 215.4% during the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock valued at $38,000 after purchasing an additional 827 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Essential Properties Realty Trust by 439.4% during the fourth quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after purchasing an additional 1,182 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $31.99, for a total value of $959,700.00. Following the completion of the transaction, the director now directly owns 218,785 shares of the company's stock, valued at approximately $6,998,932.15. This trade represents a 12.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a report on Monday. Barclays dropped their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Capital One Financial began coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price objective on the stock. Scotiabank cut their target price on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Finally, B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and upped their price objective for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.91.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock traded up $0.40 during trading on Friday, hitting $32.20. The company's stock had a trading volume of 424,272 shares, compared to its average volume of 1,423,591. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59. The company has a market cap of $6.36 billion, a PE ratio of 28.25, a P/E/G ratio of 2.90 and a beta of 1.09. The business has a fifty day moving average of $31.60 and a 200-day moving average of $32.00. Essential Properties Realty Trust, Inc. has a 52 week low of $26.07 and a 52 week high of $34.88.

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

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio is currently 102.61%.

About Essential Properties Realty Trust

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.