New Age Alpha Advisors LLC Has $5.01 Million Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

New Age Alpha Advisors LLC increased its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 1,085.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,363 shares of the company's stock after purchasing an additional 140,425 shares during the period. New Age Alpha Advisors LLC owned approximately 0.08% of Essential Properties Realty Trust worth $5,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EPRT. Franchise Capital Ltd acquired a new position in shares of Essential Properties Realty Trust during the 1st quarter worth about $42,000. Quarry LP boosted its stake in shares of Essential Properties Realty Trust by 439.4% during the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after buying an additional 1,182 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Essential Properties Realty Trust during the 4th quarter worth about $100,000. Morse Asset Management Inc boosted its stake in shares of Essential Properties Realty Trust by 44.6% during the 4th quarter. Morse Asset Management Inc now owns 3,325 shares of the company's stock worth $104,000 after buying an additional 1,025 shares during the last quarter. Finally, Archer Investment Corp acquired a new position in shares of Essential Properties Realty Trust during the 1st quarter worth about $119,000. 96.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Essential Properties Realty Trust 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 transaction, the vice president owned 76,590 shares in the company, valued at $2,524,406.40. This represents a 14.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group reduced their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Scotiabank upped their target price on shares of 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. Truist Financial upped their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Barclays dropped their target price on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Essential Properties Realty Trust has a consensus rating of "Moderate Buy" and an average price target of $34.90.

Essential Properties Realty Trust Stock Down 0.3%

Essential Properties Realty Trust stock opened at $30.75 on Wednesday. The stock has a market cap of $6.09 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.32 and a beta of 1.07. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $34.88. The company's 50-day moving average price is $31.74 and its two-hundred day moving average price is $31.72.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%. The business had revenue of $129.11 million for the quarter, compared to analyst estimates of $131.72 million. During the same quarter in the previous year, the company earned $0.47 EPS. The business's revenue for the quarter was up 25.4% on a year-over-year basis. As a group, analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, June 30th. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.30. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 101.69%.

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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