Brown Advisory Inc. Decreases Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Brown Advisory Inc. lessened its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,402,458 shares of the company's stock after selling 13,864 shares during the period. Brown Advisory Inc. owned about 0.71% of Essential Properties Realty Trust worth $45,776,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EPRT. Allspring Global Investments Holdings LLC boosted its position in shares of Essential Properties Realty Trust by 51.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 30,653 shares of the company's stock valued at $994,000 after purchasing an additional 10,420 shares in the last quarter. Amalgamated Bank boosted its position in shares of Essential Properties Realty Trust by 3.3% during the 1st quarter. Amalgamated Bank now owns 53,128 shares of the company's stock valued at $1,734,000 after purchasing an additional 1,693 shares in the last quarter. Barclays PLC boosted its position in shares of Essential Properties Realty Trust by 37.4% during the 4th quarter. Barclays PLC now owns 409,365 shares of the company's stock valued at $12,805,000 after purchasing an additional 111,376 shares in the last quarter. Meritage Portfolio Management boosted its position in shares of Essential Properties Realty Trust by 44.9% during the 1st quarter. Meritage Portfolio Management now owns 238,909 shares of the company's stock valued at $7,798,000 after purchasing an additional 73,994 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Essential Properties Realty Trust by 38.6% during the 4th 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 purchasing an additional 26,234 shares in the last quarter. Institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Stock Up 1.4%

Shares of Essential Properties Realty Trust stock traded up $0.43 on Friday, hitting $31.58. The company had a trading volume of 2,139,730 shares, compared to its average volume of 1,481,723. The stock has a market capitalization 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 stock has a 50 day moving average of $32.12 and a 200-day moving average of $31.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 7.76 and a current ratio of 7.76.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued 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 company had revenue of $129.35 million during the quarter, compared to analysts' expectations of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.13% and a net margin of 44.62%. The business's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. As a group, sell-side analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

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

Wall Street Analysts Forecast Growth

EPRT has been the topic of several research analyst reports. Barclays restated an "overweight" rating and set a $37.00 target price (up previously from $35.00) on shares of Essential Properties Realty Trust in a research report on Wednesday, May 21st. Scotiabank upped their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Truist Financial upped their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, UBS Group dropped their price target 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. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Essential Properties Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $35.06.

Insider Activity at Essential Properties Realty Trust

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 completion of the sale, the vice president directly owned 76,590 shares of the company's stock, valued at approximately $2,524,406.40. This trade represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.77% of the company's stock.

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.