UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,130,570 shares of the company's stock after acquiring an additional 44,041 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.64% of Essential Properties Realty Trust worth $35,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in Essential Properties Realty Trust by 118.6% in the third quarter. Barclays PLC now owns 297,989 shares of the company's stock worth $10,176,000 after purchasing an additional 161,697 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Essential Properties Realty Trust by 36.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,411 shares of the company's stock worth $388,000 after buying an additional 3,334 shares during the last quarter. KBC Group NV boosted its holdings in shares of Essential Properties Realty Trust by 61.1% in the 4th quarter. KBC Group NV now owns 7,750 shares of the company's stock worth $242,000 after buying an additional 2,940 shares during the last quarter. abrdn plc boosted its stake in Essential Properties Realty Trust by 63.6% in the fourth quarter. abrdn plc now owns 57,477 shares of the company's stock valued at $1,794,000 after acquiring an additional 22,353 shares during the last quarter. Finally, Vanderbilt University boosted its stake in Essential Properties Realty Trust by 54.3% in the fourth quarter. Vanderbilt University now owns 54,568 shares of the company's stock valued at $1,707,000 after acquiring an additional 19,197 shares during the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EPRT has been the topic of several research analyst reports. Truist Financial upped their price objective on 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. B. Riley cut Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and upped their price target for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Barclays reaffirmed an "overweight" rating and set a $37.00 price target (up previously from $35.00) on shares of Essential Properties Realty Trust in a research report on Wednesday, May 21st. UBS Group dropped their price target on Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, 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 report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.91.

Essential Properties Realty Trust Price Performance

Shares of EPRT stock traded up $0.07 during mid-day trading on Friday, hitting $32.52. The company had a trading volume of 2,841,461 shares, compared to its average volume of 1,446,580. Essential Properties Realty Trust, Inc. has a 52-week low of $26.63 and a 52-week high of $34.88. The stock's 50 day moving average price is $31.69 and its 200-day moving average price is $31.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36. The company has a market capitalization of $6.42 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.90 and a beta of 1.09.

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

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 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.