Exchange Traded Concepts LLC Has $1.52 Million Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Exchange Traded Concepts LLC reduced its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 37.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,669 shares of the company's stock after selling 27,912 shares during the quarter. Exchange Traded Concepts LLC's holdings in Essential Properties Realty Trust were worth $1,523,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Arizona State Retirement System increased 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 worth $1,592,000 after purchasing an additional 399 shares in the last quarter. Summit Investment Advisors Inc. increased 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 worth $574,000 after purchasing an additional 581 shares in the last quarter. United Services Automobile Association increased 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 worth $350,000 after purchasing an additional 730 shares in the last quarter. Natixis Advisors LLC increased 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 worth $1,447,000 after purchasing an additional 851 shares in the last quarter. Finally, Xponance Inc. increased its holdings in Essential Properties Realty Trust by 7.0% in the fourth quarter. Xponance Inc. now owns 13,380 shares of the company's stock worth $419,000 after purchasing an additional 874 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EPRT has been the subject of a number of research analyst reports. Scotiabank lifted their target price on 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. Barclays reissued an "overweight" rating and issued a $37.00 price objective (up previously from $35.00) on shares of Essential Properties Realty Trust in a research note on Wednesday, May 21st. Truist Financial raised 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 raised their price objective for the company from $29.50 to $33.50 in a research note on Wednesday, February 19th. Finally, UBS Group reduced their price objective on Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.91.

Insider Buying and Selling

In related news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust stock in a transaction on Tuesday, June 10th. The stock was 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 trade represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.77% of the stock is currently owned by corporate insiders.

Essential Properties Realty Trust Stock Up 0.7%

Shares of NYSE:EPRT opened at $32.64 on Thursday. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 2.45 and a beta of 1.10. 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, Inc. has a 12-month low of $26.75 and a 12-month high of $34.88. The business's 50 day moving average is $32.04 and its 200 day moving average is $31.85.

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 company 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 44.62% and a return on equity of 6.13%. The firm's quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. On average, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.30 per share. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date is Monday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.68%. Essential Properties Realty Trust's payout ratio is presently 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.

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