Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 84.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,639 shares of the company's stock after buying an additional 33,624 shares during the period. BNP Paribas Financial Markets' holdings in Essential Properties Realty Trust were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Crowley Wealth Management Inc. acquired a new stake in Essential Properties Realty Trust in the 4th quarter worth about $28,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Essential Properties Realty Trust by 74.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock valued at $34,000 after acquiring an additional 468 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of 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 acquiring an additional 1,119 shares in the last quarter. Quarry LP boosted its stake in shares of Essential Properties Realty Trust by 439.4% in the fourth quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Essential Properties Realty Trust by 275.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock worth $77,000 after purchasing an additional 1,802 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company's stock.

Insider Transactions at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 12,500 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 178,785 shares in the company, valued at $5,817,663.90. This trade represents a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Trading Down 0.8%

NYSE:EPRT traded down $0.25 on Thursday, reaching $31.62. The company's stock had a trading volume of 83,814 shares, compared to its average volume of 1,426,119. Essential Properties Realty Trust, Inc. has a 12-month low of $26.07 and a 12-month high of $34.88. The stock has a 50 day moving average price of $31.67 and a 200 day moving average price of $31.95. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59.

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 (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. The company had revenue of $129.35 million during the quarter, compared to analysts' expectations of $124.88 million. During the same quarter last year, the firm posted $0.42 earnings per share. The firm's quarterly revenue was up 24.9% on a year-over-year basis. On average, equities analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EPRT. Truist Financial lifted their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Scotiabank boosted 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 research report on Monday, May 12th. Capital One Financial began coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price objective for the company. UBS Group lowered their target price on Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, B. Riley cut Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their price target for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus 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.