Nisa Investment Advisors LLC Sells 13,818 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Nisa Investment Advisors LLC decreased its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 267,817 shares of the company's stock after selling 13,818 shares during the period. Nisa Investment Advisors LLC owned 0.14% of Essential Properties Realty Trust worth $8,822,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new stake in Essential Properties Realty Trust in the fourth quarter worth about $28,000. Jones Financial Companies Lllp raised its position 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 acquiring an additional 1,119 shares during the period. Franchise Capital Ltd bought a new stake in Essential Properties Realty Trust in the first quarter worth about $42,000. Quarry LP raised its position 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 acquiring an additional 1,182 shares during the period. Finally, GF Fund Management CO. LTD. bought a new stake in Essential Properties Realty Trust in the fourth quarter worth about $100,000. Institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Price Performance

NYSE:EPRT traded up $0.43 during mid-day trading on Friday, hitting $31.58. 2,139,730 shares of the stock traded hands, compared to its average volume of 1,480,338. The business's 50-day moving average price is $32.13 and its 200 day moving average price is $31.79. The company has a market cap of $6.24 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.36 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a 12-month low of $27.44 and a 12-month high of $34.88. 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 (NYSE:EPRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm 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%. Essential Properties Realty Trust's revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. On average, analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.20 annualized dividend and a yield of 3.80%. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.30. Essential Properties Realty Trust's payout ratio is currently 104.35%.

Insider Buying and Selling

In other Essential Properties Realty Trust news, VP A Joseph Peil sold 13,227 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total value of $435,961.92. Following the completion of the transaction, the vice president owned 76,590 shares of the company's stock, valued at $2,524,406.40. The trade was a 14.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.77% of the company's stock.

Analysts Set New Price Targets

EPRT has been the subject of several recent research reports. Scotiabank lifted their target price on shares of 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. UBS Group reduced their target price on shares of 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. Barclays reiterated an "overweight" rating and issued a $37.00 target price (up previously from $35.00) on shares of Essential Properties Realty Trust in a research note on Wednesday, May 21st. Finally, Truist Financial lifted their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $35.06.

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.