Crestline Management LP Boosts Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Crestline Management LP boosted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 331.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,400 shares of the company's stock after buying an additional 67,156 shares during the quarter. Crestline Management LP's holdings in Essential Properties Realty Trust were worth $2,734,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EPRT. Crowley Wealth Management Inc. bought a new stake in Essential Properties Realty Trust in the fourth quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Essential Properties Realty Trust by 74.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock valued at $34,000 after buying an additional 468 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Essential Properties Realty Trust by 1,834.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after buying an additional 1,119 shares during the last quarter. Quarry LP boosted its position in 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 purchasing an additional 1,182 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position 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 purchasing an additional 1,802 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. B. Riley cut Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $29.50 to $33.50 in a research report on Wednesday, February 19th. Barclays dropped their price target on 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. 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 target on the stock. Truist Financial upped their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Scotiabank upped their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.98.

Essential Properties Realty Trust Stock Performance

Shares of NYSE:EPRT traded down $0.18 during midday trading on Tuesday, reaching $31.49. 514,691 shares of the company's stock traded hands, compared to its average volume of 1,427,608. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 2.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. Essential Properties Realty Trust, Inc. has a one year low of $26.07 and a one year high of $34.88. The stock has a 50 day moving average of $31.59 and a 200 day moving average of $31.96.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results 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 business 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%. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, equities research 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 disclosed 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 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 102.61%.

Insider Transactions at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were 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 of the company's stock, valued at approximately $5,817,663.90. This trade represents a 6.53% decrease in their ownership of the stock. 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 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.