Allspring Global Investments Holdings LLC Buys 10,420 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Allspring Global Investments Holdings LLC boosted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 51.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,653 shares of the company's stock after acquiring an additional 10,420 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Essential Properties Realty Trust were worth $994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. raised its position in Essential Properties Realty Trust by 33.9% in the fourth quarter. Invesco Ltd. now owns 4,651,728 shares of the company's stock worth $145,506,000 after acquiring an additional 1,178,284 shares in the last quarter. FMR LLC lifted its stake in Essential Properties Realty Trust by 6.9% during the fourth quarter. FMR LLC now owns 4,422,710 shares of the company's stock valued at $138,342,000 after buying an additional 284,036 shares in the last quarter. Norges Bank acquired a new position in shares of Essential Properties Realty Trust in the fourth quarter worth about $83,341,000. Massachusetts Financial Services Co. MA increased its position in shares of Essential Properties Realty Trust by 1.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,550,099 shares of the company's stock worth $79,767,000 after acquiring an additional 46,694 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Essential Properties Realty Trust by 19.8% in the fourth quarter. Northern Trust Corp now owns 2,526,025 shares of the company's stock worth $79,014,000 after acquiring an additional 417,443 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EPRT has been the topic of several analyst reports. Scotiabank lifted their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Barclays reissued an "overweight" rating and issued a $37.00 target price (up from $35.00) on shares of Essential Properties Realty Trust in a research report on Wednesday, May 21st. UBS Group dropped their target price on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, Truist Financial lifted 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, May 5th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.06.

Essential Properties Realty Trust Stock Up 1.4%

Shares of EPRT traded up $0.43 during trading hours on Friday, reaching $31.58. The company's stock had a trading volume of 2,139,730 shares, compared to its average volume of 1,481,723. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 2.39 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a 1-year low of $27.44 and a 1-year high of $34.88. The company has a quick ratio of 7.76, a current ratio of 7.76 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $32.12 and a two-hundred day moving average of $31.78.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.45 EPS 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 the consensus estimate of $124.88 million. Essential Properties Realty Trust had a net margin of 44.62% and a return on equity of 6.13%. The company's quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. As a group, research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.80%. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.30. Essential Properties Realty Trust's dividend payout ratio is presently 104.35%.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, VP A Joseph Peil sold 13,227 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total transaction of $435,961.92. Following the completion of the sale, the vice president owned 76,590 shares of the company's stock, valued at $2,524,406.40. This represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is owned by insiders.

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.