B&I Capital AG Acquires 28,000 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

B&I Capital AG raised its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 23.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,544 shares of the company's stock after purchasing an additional 28,000 shares during the quarter. Essential Properties Realty Trust accounts for approximately 1.6% of B&I Capital AG's portfolio, making the stock its 25th largest position. B&I Capital AG owned about 0.08% of Essential Properties Realty Trust worth $4,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its stake in shares of Essential Properties Realty Trust by 51.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 30,653 shares of the company's stock worth $994,000 after acquiring an additional 10,420 shares in the last quarter. Amalgamated Bank grew its stake in shares of Essential Properties Realty Trust by 3.3% in the 1st quarter. Amalgamated Bank now owns 53,128 shares of the company's stock worth $1,734,000 after acquiring an additional 1,693 shares in the last quarter. Barclays PLC grew its position in Essential Properties Realty Trust by 37.4% during the fourth quarter. Barclays PLC now owns 409,365 shares of the company's stock valued at $12,805,000 after buying an additional 111,376 shares during the period. Meritage Portfolio Management grew its position in Essential Properties Realty Trust by 44.9% during the first quarter. Meritage Portfolio Management now owns 238,909 shares of the company's stock valued at $7,798,000 after buying an additional 73,994 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Essential Properties Realty Trust by 38.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,169 shares of the company's stock valued at $2,946,000 after buying an additional 26,234 shares during the period. Institutional investors own 96.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Scotiabank upped their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Barclays dropped their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday. UBS Group dropped their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Finally, Truist Financial upped their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Essential Properties Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $34.90.

Insider Activity

In related news, VP A Joseph Peil sold 13,227 shares of the business'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 transaction, the vice president directly owned 76,590 shares in the company, valued at approximately $2,524,406.40. The trade was a 14.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Stock Performance

NYSE EPRT traded up $0.40 during trading hours on Tuesday, hitting $30.87. The company's stock had a trading volume of 661,043 shares, compared to its average volume of 1,500,035. Essential Properties Realty Trust, Inc. has a 12 month low of $27.44 and a 12 month high of $34.88. The company's 50 day simple moving average is $32.03 and its two-hundred day simple moving average is $31.78. The company has a market cap of $6.10 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08. The company has a debt-to-equity ratio of 0.55, a current ratio of 7.76 and a quick ratio of 7.76.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $129.35 million during the quarter, compared to the consensus estimate of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.13% and a net margin of 44.62%. Essential Properties Realty Trust's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. As a group, sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 30th. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.30. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.89%. Essential Properties Realty Trust's payout ratio is 104.35%.

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.

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