Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,395 shares of the company's stock after selling 24,294 shares during the quarter. Envestnet Asset Management Inc. owned 0.11% of Essential Properties Realty Trust worth $6,933,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in shares of Essential Properties Realty Trust in the fourth quarter valued at $346,000. Natixis Advisors LLC increased its stake in Essential Properties Realty Trust by 1.9% in the 4th quarter. Natixis Advisors LLC now owns 46,270 shares of the company's stock worth $1,447,000 after buying an additional 851 shares during the period. Xponance Inc. increased its stake in Essential Properties Realty Trust by 7.0% in the 4th quarter. Xponance Inc. now owns 13,380 shares of the company's stock worth $419,000 after buying an additional 874 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Essential Properties Realty Trust by 38.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,169 shares of the company's stock worth $2,946,000 after buying an additional 26,234 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Essential Properties Realty Trust in the 4th quarter worth about $1,100,000. Institutional investors own 96.98% of the company's stock.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total transaction of $435,961.92. Following the sale, the vice president owned 76,590 shares of the company's stock, valued at $2,524,406.40. The trade was a 14.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.77% of the stock is currently owned by company insiders.

Essential Properties Realty Trust Stock Performance

NYSE EPRT traded up $0.09 on Friday, hitting $30.64. 1,635,118 shares of the company's stock traded hands, compared to its average volume of 2,056,286. The company has a current ratio of 5.67, a quick ratio of 7.76 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $6.07 billion, a PE ratio of 25.96, a P/E/G ratio of 2.32 and a beta of 1.08. The firm's 50-day moving average price is $31.93 and its two-hundred day moving average price is $31.74. Essential Properties Realty Trust, Inc. has a 1-year low of $27.44 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $129.11 million for the quarter, compared to analysts' expectations of $131.72 million. During the same period last year, the firm earned $0.47 earnings per share. Essential Properties Realty Trust's revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, analysts expect 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 declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a $0.30 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.92%. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.30. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 101.69%.

Analysts Set New Price Targets

Several research firms recently commented on EPRT. UBS Group reduced their price target on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Scotiabank raised their target price 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. Barclays cut their target price on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Finally, Truist Financial raised their price target 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Essential Properties Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus price target 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.