Schonfeld Strategic Advisors LLC Cuts Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Schonfeld Strategic Advisors LLC lowered its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 77.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,790 shares of the company's stock after selling 491,110 shares during the period. Schonfeld Strategic Advisors LLC owned 0.08% of Essential Properties Realty Trust worth $4,498,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new position in shares of Essential Properties Realty Trust in the fourth quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Essential Properties Realty Trust by 74.5% in the fourth 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 lifted its holdings 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 purchasing an additional 1,119 shares in the last quarter. Versant Capital Management Inc boosted 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 valued at $38,000 after buying an additional 827 shares during the last quarter. Finally, Quarry LP increased its holdings in Essential Properties Realty Trust by 439.4% in the 4th 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. Institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Stock Performance

EPRT traded down $0.04 during trading on Tuesday, reaching $31.93. 1,177,372 shares of the company's stock were exchanged, compared to its average volume of 1,427,023. The company's fifty day simple moving average is $31.66 and its 200-day simple moving average is $32.02. The stock has a market capitalization of $6.31 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36. Essential Properties Realty Trust, Inc. has a 1 year low of $26.07 and a 1 year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its 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 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 company's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. As a group, research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio (DPR) is presently 102.61%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EPRT shares. 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. Truist Financial upped their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Monday. B. Riley downgraded shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their price target for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Capital One Financial began coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price target on the stock. Finally, Barclays reduced 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. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.91.

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the company's stock in a transaction dated 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 owns 178,785 shares in the company, valued at $5,817,663.90. This represents a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is owned by company insiders.

About Essential Properties Realty Trust

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.