DekaBank Deutsche Girozentrale Boosts Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

DekaBank Deutsche Girozentrale grew its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 7.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 284,835 shares of the company's stock after acquiring an additional 19,049 shares during the period. DekaBank Deutsche Girozentrale owned about 0.14% of Essential Properties Realty Trust worth $9,080,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EPRT. Crowley Wealth Management Inc. acquired a new position in shares of Essential Properties Realty Trust during the 4th quarter worth about $28,000. Jones Financial Companies Lllp raised its position in shares of Essential Properties Realty Trust by 1,834.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock worth $37,000 after purchasing an additional 1,119 shares during the last quarter. Franchise Capital Ltd acquired a new position in shares of Essential Properties Realty Trust during the 1st quarter worth about $42,000. Quarry LP raised its position in shares of Essential Properties Realty Trust by 439.4% during the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after purchasing an additional 1,182 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new position in shares of Essential Properties Realty Trust during the 4th quarter worth about $100,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Essential Properties Realty Trust Trading Up 1.4%

Shares of Essential Properties Realty Trust stock traded up $0.43 during mid-day trading on Friday, hitting $31.58. The stock had a trading volume of 2,139,730 shares, compared to its average volume of 1,480,338. The firm has a 50-day moving average of $32.12 and a two-hundred day moving average of $31.78. Essential Properties Realty Trust, Inc. has a 12-month low of $27.44 and a 12-month high of $34.88. The company has a quick ratio of 7.76, a current ratio of 7.76 and a debt-to-equity ratio of 0.55. The firm has a market cap of $6.24 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 2.36 and a beta of 1.08.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Essential Properties Realty Trust had a net margin of 44.62% and a return on equity of 6.13%. The firm had revenue of $129.35 million during the quarter, compared to analysts' expectations of $124.88 million. During the same period last year, the company earned $0.42 EPS. The business's quarterly revenue was up 24.9% on a year-over-year basis. 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 business also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.80%. 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 presently 104.35%.

Analyst Ratings Changes

Several analysts recently issued reports on EPRT shares. Barclays reaffirmed an "overweight" rating and set a $37.00 price objective (up previously from $35.00) on shares of Essential Properties Realty Trust in a research note on Wednesday, May 21st. Scotiabank upped their price objective 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 dropped their price objective on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Truist Financial upped their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Essential Properties Realty Trust has an average rating of "Moderate Buy" and an average price target of $35.06.

Insider Buying and Selling 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 shares were sold at an average price of $32.96, for a total transaction of $435,961.92. Following the completion of the transaction, the vice president 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.