Boothbay Fund Management LLC Buys New Shares in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Boothbay Fund Management LLC purchased a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,145 shares of the company's stock, valued at approximately $599,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Morse Asset Management Inc acquired a new stake in Essential Properties Realty Trust in the 3rd quarter valued at approximately $79,000. Barclays PLC raised its stake in Essential Properties Realty Trust by 118.6% during the 3rd 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. World Investment Advisors LLC bought a new stake in Essential Properties Realty Trust in the 3rd quarter valued at $448,000. Tidal Investments LLC grew its position in Essential Properties Realty Trust by 30.7% in the 3rd quarter. Tidal Investments LLC now owns 31,280 shares of the company's stock worth $1,068,000 after purchasing an additional 7,339 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Essential Properties Realty Trust by 6.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,594,775 shares of the company's stock worth $54,462,000 after purchasing an additional 98,467 shares during the period. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EPRT has been the topic of a number of recent research reports. Truist Financial lifted their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Monday. Capital One Financial assumed coverage on Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price objective on the stock. B. Riley downgraded shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Scotiabank dropped their price objective on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Finally, Barclays decreased their target price on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.91.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $31.99, for a total value of $959,700.00. Following the sale, the director now owns 218,785 shares in the company, valued at approximately $6,998,932.15. The trade was a 12.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Trading Up 0.1 %

Shares of Essential Properties Realty Trust stock traded up $0.02 on Tuesday, hitting $31.99. 230,914 shares of the company's stock traded hands, compared to its average volume of 1,423,468. The firm's 50-day moving average price is $31.66 and its two-hundred day moving average price is $32.02. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36. The stock has a market capitalization of $6.32 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. Essential Properties Realty Trust, Inc. has a one year low of $26.07 and a one year high of $34.88.

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 analysts' consensus estimates of $0.46 by ($0.01). The firm had revenue of $129.35 million for the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. The firm's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. On average, research analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were paid 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 yield of 3.69%. Essential Properties Realty Trust's payout ratio is 102.61%.

Essential Properties Realty Trust 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.