Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,962 shares of the company's stock after acquiring an additional 8,510 shares during the quarter. QRG Capital Management Inc.'s holdings in Essential Properties Realty Trust were worth $2,871,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SG Americas Securities LLC grew 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 worth $680,000 after acquiring an additional 14,655 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Essential Properties Realty Trust by 4.4% during the 1st quarter. Yousif Capital Management LLC now owns 69,686 shares of the company's stock worth $2,275,000 after purchasing an additional 2,920 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in Essential Properties Realty Trust by 33.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 38,912 shares of the company's stock worth $1,270,000 after purchasing an additional 9,762 shares during the period. GAMMA Investing LLC grew its position in Essential Properties Realty Trust by 3,315.8% during the 1st quarter. GAMMA Investing LLC now owns 134,412 shares of the company's stock worth $4,118,000 after purchasing an additional 130,477 shares during the last quarter. Finally, Franchise Capital Ltd purchased a new position in Essential Properties Realty Trust during the 1st quarter worth $42,000. 96.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Essential Properties Realty Trust news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust 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 completion of the sale, the vice president now directly owns 76,590 shares of the company's stock, valued at approximately $2,524,406.40. The trade was a 14.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock traded up $0.23 during mid-day trading on Thursday, hitting $32.64. 1,925,513 shares of the company were exchanged, compared to its average volume of 1,459,209. Essential Properties Realty Trust, Inc. has a 12-month low of $26.75 and a 12-month high of $34.88. The company has a market capitalization of $6.45 billion, a P/E ratio of 28.38, a PEG ratio of 2.45 and a beta of 1.10. The business's 50 day simple moving average is $32.04 and its two-hundred day simple moving average is $31.85. 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 posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The company had revenue of $129.35 million for the quarter, compared to analysts' expectations of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.13% and a net margin of 44.62%. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 EPS. Analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 30th. This is an increase 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 3.68%. Essential Properties Realty Trust's payout ratio is 102.61%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EPRT shares. Truist Financial lifted 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 report on Monday, May 5th. Scotiabank raised their target price on shares of 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. Barclays reaffirmed an "overweight" rating and issued a $37.00 target price (up previously from $35.00) on shares of Essential Properties Realty Trust in a report on Wednesday, May 21st. B. Riley cut shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their price target for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Finally, UBS Group reduced 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 report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $34.91.

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.