BROOKFIELD Corp ON Has $18.51 Million Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

BROOKFIELD Corp ON lowered its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 21.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 591,636 shares of the company's stock after selling 161,494 shares during the quarter. BROOKFIELD Corp ON owned 0.34% of Essential Properties Realty Trust worth $18,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. acquired a new position in shares of Essential Properties Realty Trust in the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock worth $34,000 after purchasing an additional 468 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after purchasing an additional 1,119 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Essential Properties Realty Trust by 215.4% during the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock valued at $38,000 after buying an additional 827 shares during the last quarter. Finally, Quarry LP grew its position in shares of Essential Properties Realty Trust by 439.4% during the fourth quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after buying an additional 1,182 shares in the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Up 1.0 %

Essential Properties Realty Trust stock traded up $0.33 during trading hours on Friday, hitting $32.13. The company had a trading volume of 1,026,749 shares, compared to its average volume of 1,427,577. Essential Properties Realty Trust, Inc. has a fifty-two week low of $26.07 and a fifty-two week high of $34.88. 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 firm has a market capitalization of $6.35 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. The firm's fifty day moving average is $31.60 and its 200-day moving average is $31.99.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly 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 company 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 company's revenue was up 24.9% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. On average, research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Monday, March 31st. Essential Properties Realty Trust's payout ratio is presently 102.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EPRT shares. Truist Financial increased their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Monday. B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and lifted their price target for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Scotiabank lowered 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 research note on Friday, February 28th. Barclays dropped their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Finally, Capital One Financial began 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 for the company. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.91.

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 30,000 shares of Essential Properties Realty Trust stock in a transaction on Monday, February 24th. The shares were sold at an average price of $31.99, for a total value of $959,700.00. Following the transaction, the director now owns 218,785 shares in the company, valued at $6,998,932.15. This trade represents a 12.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.77% of the stock is owned by company 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.