Janus Henderson Group PLC Has $3.70 Million Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Janus Henderson Group PLC grew its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 118,404 shares of the company's stock after purchasing an additional 17,433 shares during the quarter. Janus Henderson Group PLC owned about 0.07% of Essential Properties Realty Trust worth $3,702,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new position in Essential Properties Realty Trust in the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 worth $34,000 after purchasing an additional 468 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Essential Properties Realty Trust by 1,834.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock worth $37,000 after purchasing an additional 1,119 shares in the last quarter. Quarry LP boosted its stake in Essential Properties Realty Trust by 439.4% in the fourth quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Essential Properties Realty Trust by 275.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock worth $77,000 after purchasing an additional 1,802 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EPRT. B. Riley lowered Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Scotiabank boosted their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research note 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. Truist Financial boosted their target price 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. Finally, UBS Group dropped their target price on Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Three investment 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, Essential Properties Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.91.

Essential Properties Realty Trust Trading Up 0.5%

NYSE EPRT traded up $0.17 on Friday, reaching $31.88. The company had a trading volume of 1,107,233 shares, compared to its average volume of 1,434,022. The stock's 50 day moving average is $31.67 and its 200-day moving average is $31.96. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 2.90 and a beta of 1.09. 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 52 week low of $26.07 and a 52 week high of $34.88.

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

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were issued a $0.295 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.70%. Essential Properties Realty Trust's dividend payout ratio is presently 102.61%.

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 30,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $31.99, for a total value of $959,700.00. Following the completion of the sale, the director now owns 218,785 shares in the company, valued at approximately $6,998,932.15. This represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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.