First Trust Advisors LP Has $7.04 Million Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

First Trust Advisors LP raised its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 41.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,988 shares of the company's stock after buying an additional 65,627 shares during the quarter. First Trust Advisors LP owned approximately 0.13% of Essential Properties Realty Trust worth $7,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new stake in Essential Properties Realty Trust during the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB increased 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 worth $34,000 after acquiring an additional 468 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Essential Properties Realty Trust by 1,834.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock worth $37,000 after purchasing an additional 1,119 shares during the last quarter. Versant Capital Management Inc grew its position 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 worth $38,000 after buying an additional 827 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of Essential Properties Realty Trust in the 3rd quarter worth about $79,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Essential Properties Realty Trust Stock Down 0.1 %

Shares of Essential Properties Realty Trust stock traded down $0.02 on Monday, hitting $31.97. 79,551 shares of the company traded hands, compared to its average volume of 1,422,692. 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, Inc. has a 12-month low of $26.07 and a 12-month high of $34.88. The company has a 50-day moving average price of $31.67 and a 200 day moving average price of $32.03. The company has a market cap of $6.31 billion, a PE ratio of 27.99, a PEG ratio of 2.90 and a beta of 1.09.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its 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 firm had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The business's revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. Sell-side analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders 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 annualized dividend and a dividend yield of 3.69%. Essential Properties Realty Trust's dividend payout ratio (DPR) is 102.61%.

Insider Activity

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following 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 Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on EPRT. Capital One Financial initiated coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 target price on the stock. Barclays decreased their target price on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Scotiabank cut their price objective on Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Finally, B. Riley cut shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and raised their target price for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently 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.