Edgestream Partners L.P. Sells 123,833 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Edgestream Partners L.P. lowered its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 78.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,281 shares of the company's stock after selling 123,833 shares during the period. Edgestream Partners L.P.'s holdings in Essential Properties Realty Trust were worth $1,119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in Essential Properties Realty Trust in the fourth quarter valued at about $346,000. Farther Finance Advisors LLC lifted its position in Essential Properties Realty Trust by 218.1% in the fourth quarter. Farther Finance Advisors LLC now owns 3,617 shares of the company's stock valued at $113,000 after buying an additional 2,480 shares during the last quarter. Swiss National Bank lifted its position in Essential Properties Realty Trust by 0.8% in the fourth quarter. Swiss National Bank now owns 344,800 shares of the company's stock valued at $10,785,000 after buying an additional 2,600 shares during the last quarter. Natixis Advisors LLC lifted its position in Essential Properties Realty Trust by 1.9% in the fourth quarter. Natixis Advisors LLC now owns 46,270 shares of the company's stock valued at $1,447,000 after buying an additional 851 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in Essential Properties Realty Trust in the fourth quarter valued at about $514,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 sale, the vice president owned 76,590 shares of the company's stock, valued at $2,524,406.40. This represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Trading Down 0.5%

EPRT traded down $0.16 during midday trading on Friday, hitting $30.49. 2,432,528 shares of the company were exchanged, compared to its average volume of 1,502,264. Essential Properties Realty Trust, Inc. has a 1-year low of $27.44 and a 1-year high of $34.88. The firm has a market capitalization of $6.02 billion, a P/E ratio of 26.51, a P/E/G ratio of 2.31 and a beta of 1.08. The firm's 50 day moving average price is $32.03 and its 200-day moving average price is $31.77. The company has a quick ratio of 7.76, a current ratio of 7.76 and a debt-to-equity ratio of 0.55.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.13% and a net margin of 44.62%. The business had revenue of $129.35 million during the quarter, compared to analysts' expectations of $124.88 million. During the same quarter last year, the business posted $0.42 EPS. The company's quarterly revenue was up 24.9% on a year-over-year basis. As a group, equities analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.94%. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date was Monday, June 30th. Essential Properties Realty Trust's dividend payout ratio is currently 104.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EPRT shares. UBS Group cut their target price on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday. Barclays reiterated an "overweight" rating and set a $37.00 target price (up from $35.00) on shares of Essential Properties Realty Trust in a research note on Wednesday, May 21st. Scotiabank upped their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Finally, Truist Financial upped their price target on 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. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.98.

Essential Properties Realty Trust 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.