Mackenzie Financial Corp Grows Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Mackenzie Financial Corp increased its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 228.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 44,270 shares of the company's stock after purchasing an additional 30,794 shares during the period. Mackenzie Financial Corp's holdings in Essential Properties Realty Trust were worth $1,385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Crowley Wealth Management Inc. acquired a new position in Essential Properties Realty Trust during the fourth quarter worth $28,000. Jones Financial Companies Lllp raised its holdings in shares of Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after buying an additional 1,119 shares during the period. Quarry LP lifted its stake in 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 acquiring an additional 1,182 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Essential Properties Realty Trust by 275.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock valued at $77,000 after acquiring an additional 1,802 shares during the period. Finally, GF Fund Management CO. LTD. purchased a new position in Essential Properties Realty Trust during the 4th quarter valued at about $100,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EPRT. Truist Financial boosted their price target 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. 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 report on Tuesday, May 13th. Capital One Financial started coverage on Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price objective on the stock. Scotiabank boosted their target price on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, B. Riley downgraded Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and upped their price target for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $34.91.

Essential Properties Realty Trust Stock Up 0.6%

Shares of NYSE EPRT traded up $0.21 during midday trading on Monday, hitting $32.71. 2,028,466 shares of the company's stock were exchanged, compared to its average volume of 1,448,895. The firm's fifty day simple moving average is $31.69 and its 200-day simple moving average is $31.93. The company has a market cap of $6.46 billion, a PE ratio of 28.69, a P/E/G ratio of 2.90 and a beta of 1.09. Essential Properties Realty Trust, Inc. has a twelve month low of $26.63 and a twelve month high of $34.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The company had revenue of $129.35 million for the quarter, compared to analyst estimates of $124.88 million. During the same period in the previous year, the business posted $0.42 EPS. The firm's revenue for the quarter was up 24.9% compared to the same quarter last year. Research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a $0.295 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.61%. Essential Properties Realty Trust's dividend payout ratio (DPR) is presently 102.61%.

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.