Hennion & Walsh Asset Management Inc. Has $1.27 Million Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Hennion & Walsh Asset Management Inc. increased its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,912 shares of the company's stock after buying an additional 9,762 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Essential Properties Realty Trust were worth $1,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Essential Properties Realty Trust by 33.9% during the 4th quarter. Invesco Ltd. now owns 4,651,728 shares of the company's stock valued at $145,506,000 after purchasing an additional 1,178,284 shares during the period. FMR LLC lifted its position in Essential Properties Realty Trust by 6.9% during the 4th quarter. FMR LLC now owns 4,422,710 shares of the company's stock valued at $138,342,000 after purchasing an additional 284,036 shares during the period. Principal Financial Group Inc. lifted its position in Essential Properties Realty Trust by 18.9% during the 4th quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company's stock valued at $92,246,000 after purchasing an additional 469,610 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Essential Properties Realty Trust by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company's stock valued at $89,866,000 after purchasing an additional 43,179 shares during the period. Finally, Norges Bank acquired a new position in Essential Properties Realty Trust during the 4th quarter valued at about $83,341,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $32.51 on Friday. 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 12-month low of $26.75 and a 12-month high of $34.88. The company has a market capitalization of $6.42 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. The firm's 50 day moving average is $31.68 and its 200-day moving average is $31.92.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted 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 net margin of 45.15% and a return on equity of 6.12%. The business had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. During the same quarter last year, the business earned $0.42 earnings per share. Essential Properties Realty Trust's revenue for the quarter was up 24.9% on a year-over-year basis. Equities research analysts anticipate 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.30 dividend. The ex-dividend date is Monday, June 30th. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.30. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.69%. Essential Properties Realty Trust's dividend payout ratio (DPR) is 102.61%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EPRT. UBS Group lowered their price target 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. 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 note on Monday, May 12th. Barclays reaffirmed an "overweight" rating and issued a $37.00 price target (up from $35.00) on shares of Essential Properties Realty Trust in a research note on Wednesday, May 21st. 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 note on Monday, May 5th. Finally, Capital One Financial began coverage on shares of 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. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $34.91.

About Essential Properties Realty Trust

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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