Asset Management One Co. Ltd. Acquires 27,054 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Asset Management One Co. Ltd. grew its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 377,059 shares of the company's stock after acquiring an additional 27,054 shares during the quarter. Asset Management One Co. Ltd. owned 0.20% of Essential Properties Realty Trust worth $12,307,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EPRT. Norges Bank bought a new stake in shares of Essential Properties Realty Trust in the fourth quarter worth $83,341,000. Bank of Montreal Can increased its stake in Essential Properties Realty Trust by 237.7% in the 4th quarter. Bank of Montreal Can now owns 2,100,485 shares of the company's stock valued at $65,703,000 after buying an additional 1,478,451 shares during the last quarter. Invesco Ltd. lifted its position in Essential Properties Realty Trust by 33.9% during the 4th quarter. Invesco Ltd. now owns 4,651,728 shares of the company's stock worth $145,506,000 after buying an additional 1,178,284 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Essential Properties Realty Trust during the 4th quarter worth about $35,085,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Essential Properties Realty Trust during the 4th quarter worth about $21,438,000. 96.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Essential Properties Realty Trust news, VP A Joseph Peil sold 13,227 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total value of $435,961.92. Following the transaction, the vice president directly owned 76,590 shares of the company's stock, valued at $2,524,406.40. This represents a 14.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.81% of the company's stock.

Essential Properties Realty Trust Stock Performance

Shares of NYSE:EPRT traded down $0.09 on Monday, hitting $31.84. The company had a trading volume of 2,543,278 shares, compared to its average volume of 1,458,855. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 2.42 and a beta of 1.10. The stock has a 50 day moving average price of $32.18 and a 200 day moving average price of $31.80. Essential Properties Realty Trust, Inc. has a 1-year low of $27.28 and a 1-year high of $34.88. The company has a current ratio of 7.76, a quick ratio of 7.76 and a debt-to-equity ratio of 0.55.

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 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 net margin of 44.62% and a return on equity of 6.13%. The firm's quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. Analysts expect 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 paid a dividend of $0.30 per share. The ex-dividend date is Monday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from Essential Properties Realty Trust's previous quarterly dividend of $0.30. Essential Properties Realty Trust's dividend payout ratio (DPR) is 102.61%.

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.