BNP Paribas Financial Markets Has $2.30 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

BNP Paribas Financial Markets lifted its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 84.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,639 shares of the company's stock after purchasing an additional 33,624 shares during the quarter. 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 institutional investors also recently modified their holdings of EPRT. Barclays PLC boosted its position in Essential Properties Realty Trust by 118.6% during the third quarter. Barclays PLC now owns 297,989 shares of the company's stock valued at $10,176,000 after purchasing an additional 161,697 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Essential Properties Realty Trust by 145.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 29,150 shares of the company's stock worth $912,000 after purchasing an additional 17,272 shares in the last quarter. Selective Wealth Management Inc. lifted its holdings in shares of Essential Properties Realty Trust by 1.9% during the 4th quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company's stock valued at $673,000 after buying an additional 395 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in 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 worth $34,000 after buying an additional 468 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Essential Properties Realty Trust by 36.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,411 shares of the company's stock valued at $388,000 after acquiring an additional 3,334 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

Essential Properties Realty Trust Stock Performance

Essential Properties Realty Trust stock traded down $0.46 on Wednesday, hitting $31.84. The company's stock had a trading volume of 433,399 shares, compared to its average volume of 1,588,603. Essential Properties Realty Trust, Inc. has a one year low of $26.07 and a one year high of $34.88. The firm has a market cap of $6.29 billion, a P/E ratio of 27.93, 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. The company has a fifty day moving average price of $31.66 and a 200-day moving average price of $31.95.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its earnings results 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 business had revenue of $129.35 million during 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%. The business's revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. On average, equities 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 business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.71%. Essential Properties Realty Trust's payout ratio is presently 102.61%.

Analyst Upgrades and Downgrades

EPRT has been the subject of several recent research reports. Barclays boosted their target price on shares of Essential Properties Realty Trust from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday. 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 research report on Monday, May 12th. Truist Financial boosted their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. B. Riley lowered Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their price objective for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Finally, UBS Group decreased their target price on Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Essential Properties Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $34.91.

Insider Activity

In other news, Director Stephen D. Sautel sold 12,500 shares of Essential Properties Realty Trust stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total value of $406,750.00. Following the completion of the sale, the director now directly owns 178,785 shares of the company's stock, valued at approximately $5,817,663.90. This trade represents a 6.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

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.