Cambridge Investment Research Advisors Inc. Sells 9,661 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Cambridge Investment Research Advisors Inc. lowered its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 48.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,409 shares of the company's stock after selling 9,661 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Essential Properties Realty Trust were worth $340,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its position in shares of Essential Properties Realty Trust by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 189,095 shares of the company's stock valued at $6,171,000 after acquiring an additional 5,447 shares during the period. QRG Capital Management Inc. raised its holdings in Essential Properties Realty Trust by 10.7% in the 1st quarter. QRG Capital Management Inc. now owns 87,962 shares of the company's stock worth $2,871,000 after purchasing an additional 8,510 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Essential Properties Realty Trust by 237.5% during the first quarter. SG Americas Securities LLC now owns 20,825 shares of the company's stock valued at $680,000 after buying an additional 14,655 shares during the period. Yousif Capital Management LLC increased its position in shares of Essential Properties Realty Trust by 4.4% during the first quarter. Yousif Capital Management LLC now owns 69,686 shares of the company's stock valued at $2,275,000 after buying an additional 2,920 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Essential Properties Realty Trust by 33.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 38,912 shares of the company's stock valued at $1,270,000 after buying an additional 9,762 shares during the period. Institutional investors own 96.98% of the company's stock.

Insider Transactions at Essential Properties Realty Trust

In other news, VP A Joseph Peil sold 13,227 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total value of $435,961.92. Following the transaction, the vice president owned 76,590 shares in the company, 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. Corporate insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EPRT. Scotiabank boosted their price target on shares of 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. Truist Financial increased their price objective 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 reaffirmed an "overweight" rating and issued a $37.00 target price (up from $35.00) on shares of Essential Properties Realty Trust in a research report on Wednesday, May 21st. Finally, UBS Group reduced their target price on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $35.06.

Essential Properties Realty Trust Stock Down 2.2%

EPRT stock traded down $0.69 during trading on Tuesday, hitting $31.17. 962,838 shares of the stock traded hands, compared to its average volume of 1,483,071. Essential Properties Realty Trust, Inc. has a 1 year low of $27.44 and a 1 year high of $34.88. The firm's 50 day moving average is $32.12 and its two-hundred day moving average is $31.78. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 2.39 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 announced 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 firm had revenue of $129.35 million for the quarter, compared to analysts' expectations of $124.88 million. Essential Properties Realty Trust had a net margin of 44.62% and a return on equity of 6.13%. 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 posted $0.42 earnings per share. On average, sell-side analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, June 30th. This represents a $1.20 annualized dividend and a yield of 3.85%. 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 currently 104.35%.

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.