ProShare Advisors LLC Purchases 16,273 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

ProShare Advisors LLC grew its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 44.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,874 shares of the company's stock after acquiring an additional 16,273 shares during the quarter. ProShare Advisors LLC's holdings in Essential Properties Realty Trust were worth $1,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in Essential Properties Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 50,884 shares of the company's stock valued at $1,592,000 after purchasing an additional 399 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Essential Properties Realty Trust by 74.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock valued at $34,000 after purchasing an additional 468 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Essential Properties Realty Trust by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,355 shares of the company's stock valued at $574,000 after purchasing an additional 581 shares during the last quarter. United Services Automobile Association boosted its holdings in Essential Properties Realty Trust by 7.0% in the fourth quarter. United Services Automobile Association now owns 11,183 shares of the company's stock valued at $350,000 after purchasing an additional 730 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings 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 purchasing an additional 851 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Stock Up 1.1%

Shares of Essential Properties Realty Trust stock traded up $0.34 during midday trading on Tuesday, hitting $32.22. The company's stock had a trading volume of 180,632 shares, compared to its average volume of 1,429,224. The firm has a market capitalization of $6.36 billion, a P/E ratio of 28.24, a PEG ratio of 2.90 and a beta of 1.09. The stock has a 50-day simple moving average of $31.67 and a 200-day simple moving average of $31.95. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 1-year low of $26.07 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings data 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). Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The firm had revenue of $129.35 million for the quarter, compared to analysts' expectations of $124.88 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. Essential Properties Realty Trust's revenue was up 24.9% on a year-over-year basis. As a group, sell-side analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio (DPR) is presently 102.61%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EPRT shares. Scotiabank increased their price target on 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. Barclays reaffirmed an "overweight" rating and set 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 downgraded Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their target price for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Capital One Financial assumed coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 target price on the stock. Finally, Truist Financial increased their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $34.91.

Insider Buying and Selling

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of Essential Properties Realty Trust stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the sale, the director now directly owns 178,785 shares of the company's stock, valued at approximately $5,817,663.90. The trade was a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by company insiders.

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.