Burney Co. Has $1.72 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Burney Co. reduced its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 17.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,537 shares of the company's stock after selling 11,203 shares during the quarter. Burney Co.'s holdings in Essential Properties Realty Trust were worth $1,715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV boosted its stake in Essential Properties Realty Trust by 4.3% in the 1st quarter. KBC Group NV now owns 8,085 shares of the company's stock valued at $264,000 after purchasing an additional 335 shares during the period. Summit Investment Advisors Inc. boosted its stake in Essential Properties Realty Trust by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,355 shares of the company's stock valued at $574,000 after purchasing an additional 581 shares during the period. Xponance Inc. boosted its stake in Essential Properties Realty Trust by 4.8% in the 1st quarter. Xponance Inc. now owns 14,026 shares of the company's stock valued at $458,000 after purchasing an additional 646 shares during the period. Mutual of America Capital Management LLC boosted its stake in Essential Properties Realty Trust by 2.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 27,331 shares of the company's stock valued at $892,000 after purchasing an additional 772 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in Essential Properties Realty Trust by 10.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,397 shares of the company's stock valued at $294,000 after purchasing an additional 879 shares during the period. 96.98% of the stock is currently owned by institutional investors.

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 dated Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total value of $435,961.92. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.77% of the stock is currently owned by insiders.

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock traded up $0.21 during trading on Monday, reaching $30.83. 476,963 shares of the company's stock were exchanged, compared to its average volume of 1,705,132. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.67 and a current ratio of 5.67. 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 market cap of $6.11 billion, a P/E ratio of 26.12, a PEG ratio of 2.32 and a beta of 1.08. The firm's 50-day moving average price is $31.93 and its 200 day moving average price is $31.75.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%. The business had revenue of $129.11 million for the quarter, compared to analyst estimates of $131.72 million. During the same period last year, the firm posted $0.47 EPS. Essential Properties Realty Trust's quarterly revenue was up 25.4% on a year-over-year basis. As a group, research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Monday, June 30th. 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 101.69%.

Analysts Set New Price Targets

Several research firms recently issued reports on EPRT. Scotiabank boosted their price target 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. Truist Financial upped their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Monday, May 5th. UBS Group cut their target price on Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Finally, Barclays cut their target price on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $34.90.

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.