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Handelsbanken Fonder AB Reduces Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Essential Properties Realty Trust logo with Finance background

Handelsbanken Fonder AB decreased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 654,300 shares of the company's stock after selling 20,000 shares during the period. Handelsbanken Fonder AB owned about 0.35% of Essential Properties Realty Trust worth $21,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Crowley Wealth Management Inc. bought a new stake in shares of Essential Properties Realty Trust during the 4th quarter valued at $28,000. Jones Financial Companies Lllp boosted its holdings in 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 worth $37,000 after buying an additional 1,119 shares during the period. Franchise Capital Ltd bought a new position in Essential Properties Realty Trust in the 1st quarter worth $42,000. Quarry LP boosted its holdings in Essential Properties Realty Trust by 439.4% in the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after buying an additional 1,182 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Essential Properties Realty Trust by 275.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock worth $77,000 after buying an additional 1,802 shares during the period. Institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Price Performance

EPRT stock traded down $0.19 during mid-day trading on Friday, hitting $32.35. The company had a trading volume of 1,286,798 shares, compared to its average volume of 1,453,036. The company has a 50-day moving average price of $31.90 and a 200 day moving average price of $31.85. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 2.90 and a beta of 1.10. Essential Properties Realty Trust, Inc. has a 12-month low of $26.75 and a 12-month high of $34.88.

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

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.71%. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, June 30th. Essential Properties Realty Trust's dividend payout ratio is currently 104.35%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EPRT shares. UBS Group dropped their target price on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Scotiabank upped 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 report on Monday, May 12th. B. Riley downgraded shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and upped their target price for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. 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. Finally, Truist Financial upped their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Monday, May 5th. 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.91.

Read Our Latest Stock Analysis on Essential Properties Realty Trust

Insider Activity

In other news, VP A Joseph Peil sold 13,227 shares of the company's stock in a transaction dated 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 now directly owns 76,590 shares in the company, valued at approximately $2,524,406.40. This represents a 14.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company's stock.

About Essential Properties Realty Trust

(Free Report)

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.

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Institutional Ownership by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

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