Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,017,486 shares of the company's stock after buying an additional 144,531 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.53% of Essential Properties Realty Trust worth $98,491,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Essential Properties Realty Trust by 3.2% during the first quarter. Vanguard Group Inc. now owns 27,966,449 shares of the company's stock valued at $912,825,000 after acquiring an additional 870,486 shares during the period. New Age Alpha Advisors LLC lifted its holdings in shares of Essential Properties Realty Trust by 1,085.4% during the 1st quarter. New Age Alpha Advisors LLC now owns 153,363 shares of the company's stock worth $5,006,000 after acquiring an additional 140,425 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Essential Properties Realty Trust by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,778 shares of the company's stock valued at $352,000 after purchasing an additional 419 shares during the last quarter. Natixis Advisors LLC increased its position in Essential Properties Realty Trust by 11.6% in the 1st quarter. Natixis Advisors LLC now owns 51,632 shares of the company's stock valued at $1,685,000 after acquiring an additional 5,362 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in shares of Essential Properties Realty Trust during the 1st quarter worth approximately $2,941,000. Institutional investors own 96.98% of the company's stock.

Insider Buying and Selling 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 stock was sold at an average price of $32.96, for a total value 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 represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock traded up $0.10 during midday trading on Friday, hitting $30.43. The company had a trading volume of 1,633,698 shares, compared to its average volume of 1,687,245. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 2.29 and a beta of 1.07. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $31.38 and a 200 day simple moving average of $31.64. Essential Properties Realty Trust, Inc. has a 12-month low of $27.44 and a 12-month high of $34.88.

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

Essential Properties Realty Trust Increases Dividend

The company also recently announced 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 was Monday, June 30th. This is a positive change 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 3.9%. Essential Properties Realty Trust's payout ratio is currently 101.69%.

Wall Street Analyst Weigh In

EPRT has been the topic of a number of research reports. Scotiabank lifted 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 note on Monday, May 12th. UBS Group raised their price target on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Friday. Truist Financial lifted 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 research note on Monday, May 5th. Finally, Barclays lowered 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, July 21st. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.06.

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.