Asset Management One Co. Ltd. Has $12.31 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Asset Management One Co. Ltd. grew its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 377,059 shares of the company's stock after purchasing an additional 27,054 shares during the period. Asset Management One Co. Ltd. owned approximately 0.20% of Essential Properties Realty Trust worth $12,307,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Crowley Wealth Management Inc. bought a new stake in Essential Properties Realty Trust during the fourth quarter worth about $28,000. Jones Financial Companies Lllp raised its holdings in 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 worth $37,000 after acquiring an additional 1,119 shares in the last quarter. Franchise Capital Ltd bought a new stake in Essential Properties Realty Trust during the first quarter worth about $42,000. Quarry LP raised its holdings in 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 acquiring an additional 1,182 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Essential Properties Realty Trust by 275.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock worth $77,000 after acquiring an additional 1,802 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial upped their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Barclays reiterated an "overweight" rating and set a $37.00 target price (up previously from $35.00) on shares of Essential Properties Realty Trust in a report on Wednesday, May 21st. UBS Group dropped their target price on Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, Scotiabank upped their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $34.91.

Insider Activity

In related news, VP A Joseph Peil sold 13,227 shares of the 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 sale, the vice president now owns 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 filing with the SEC, which is available through the SEC website. 0.77% of the stock is owned by company insiders.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock traded down $0.17 on Friday, hitting $31.98. The stock had a trading volume of 4,933,649 shares, compared to its average volume of 1,472,908. Essential Properties Realty Trust, Inc. has a twelve month low of $27.16 and a twelve month high of $34.88. The business's 50 day moving average is $32.18 and its two-hundred day moving average is $31.82. 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 stock has a market cap of $6.32 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.10.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its 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). Essential Properties Realty Trust had a net margin of 44.62% and a return on equity of 6.13%. The firm had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. During the same period in the previous year, the company posted $0.42 EPS. Essential Properties Realty Trust's revenue for the quarter was up 24.9% compared to the same quarter last year. Analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a $0.30 dividend. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date is Monday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.75%. Essential Properties Realty Trust's dividend payout ratio is presently 102.61%.

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.