Nuveen Asset Management LLC Decreases Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Nuveen Asset Management LLC reduced its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,402,983 shares of the company's stock after selling 117,089 shares during the period. Nuveen Asset Management LLC owned about 0.80% of Essential Properties Realty Trust worth $43,885,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc boosted its position in shares of Essential Properties Realty Trust by 44.6% in the fourth quarter. Morse Asset Management Inc now owns 3,325 shares of the company's stock worth $104,000 after purchasing an additional 1,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Essential Properties Realty Trust by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 99,905 shares of the company's stock valued at $3,125,000 after purchasing an additional 3,930 shares during the last quarter. Lazard Asset Management LLC lifted its position in Essential Properties Realty Trust by 45.2% during the fourth quarter. Lazard Asset Management LLC now owns 37,556 shares of the company's stock valued at $1,174,000 after purchasing an additional 11,699 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Essential Properties Realty Trust in the fourth quarter valued at $2,111,000. Finally, Janus Henderson Group PLC raised its stake in shares of Essential Properties Realty Trust by 17.3% in the fourth quarter. Janus Henderson Group PLC now owns 118,404 shares of the company's stock valued at $3,702,000 after acquiring an additional 17,433 shares during the period. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock opened at $32.44 on Tuesday. Essential Properties Realty Trust, Inc. has a 1 year low of $26.07 and a 1 year high of $34.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. The company's fifty day moving average price is $31.63 and its 200 day moving average price is $31.95. The stock has a market capitalization of $6.41 billion, a P/E ratio of 28.46, a P/E/G ratio of 2.90 and a beta of 1.09.

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 business had revenue of $129.35 million for the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. As a group, 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were given a dividend of $0.295 per share. The ex-dividend date was Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.64%. Essential Properties Realty Trust's payout ratio is 102.61%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price target on the stock. 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. 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. B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and raised their price target for the stock from $29.50 to $33.50 in a research report on Wednesday, February 19th. Finally, UBS Group cut 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 report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Essential Properties Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $34.77.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total transaction of $406,750.00. Following the sale, the director now directly owns 178,785 shares in the company, valued at $5,817,663.90. This represents a 6.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is owned by 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.

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