Cohen & Steers Inc. Has $184.50 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Cohen & Steers Inc. decreased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 14.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,898,312 shares of the company's stock after selling 971,736 shares during the period. Cohen & Steers Inc. owned approximately 3.36% of Essential Properties Realty Trust worth $184,499,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EPRT. Barclays PLC increased its holdings in Essential Properties Realty Trust by 118.6% in 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. Truist Financial Corp acquired a new position in Essential Properties Realty Trust during the fourth quarter valued at approximately $287,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Essential Properties Realty Trust by 38.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,169 shares of the company's stock worth $2,946,000 after purchasing an additional 26,234 shares during the period. JPMorgan Chase & Co. raised its holdings in Essential Properties Realty Trust by 6.6% in the third 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. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Essential Properties Realty Trust by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company's stock valued at $89,866,000 after buying an additional 43,179 shares during the period. Institutional investors and hedge funds own 96.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EPRT. Barclays dropped their price objective on 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. B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Scotiabank dropped their price target on Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Finally, Capital One Financial initiated 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 for the company. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.91.

Essential Properties Realty Trust Trading Up 1.0 %

Shares of NYSE:EPRT traded up $0.31 during mid-day trading on Friday, reaching $32.18. 1,358,084 shares of the company's stock were exchanged, compared to its average volume of 1,412,326. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 2.90 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a twelve month low of $25.09 and a twelve month high of $34.88. The business's fifty day moving average price is $31.61 and its 200-day moving average price is $32.12. 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 (NYSE:EPRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. On average, research analysts predict 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 declared 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 yield of 3.67%. Essential Properties Realty Trust's payout ratio is currently 103.51%.

Insider Transactions at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the 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 transaction, the director now directly owns 178,785 shares of the company's stock, valued at $5,817,663.90. This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.81% 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.