OVERSEA CHINESE BANKING Corp Ltd Lowers Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

OVERSEA CHINESE BANKING Corp Ltd trimmed its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 33.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 155,692 shares of the company's stock after selling 76,817 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned about 0.08% of Essential Properties Realty Trust worth $5,082,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EPRT. Norges Bank bought a new stake in Essential Properties Realty Trust in the 4th quarter worth about $83,341,000. Bank of Montreal Can grew its position in Essential Properties Realty Trust by 237.7% in the 4th quarter. Bank of Montreal Can now owns 2,100,485 shares of the company's stock worth $65,703,000 after purchasing an additional 1,478,451 shares in the last quarter. Invesco Ltd. grew its position in Essential Properties Realty Trust by 33.9% in the 4th quarter. Invesco Ltd. now owns 4,651,728 shares of the company's stock worth $145,506,000 after purchasing an additional 1,178,284 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Essential Properties Realty Trust in the 4th quarter worth about $35,085,000. Finally, Raymond James Financial Inc. bought a new stake in Essential Properties Realty Trust in the 4th quarter worth about $21,438,000. 96.98% of the stock is owned by institutional investors.

Insider Transactions at Essential Properties Realty Trust

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 value of $435,961.92. Following the sale, the vice president directly owned 76,590 shares in the company, valued at $2,524,406.40. This represents a 14.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.77% of the stock is owned by corporate insiders.

Essential Properties Realty Trust Stock Performance

EPRT traded down $0.36 on Friday, hitting $30.30. The company's stock had a trading volume of 1,304,726 shares, compared to its average volume of 1,493,878. The company's 50 day simple moving average is $32.06 and its 200-day simple moving average is $31.77. The firm has a market cap of $5.98 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 2.35 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 released 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 business had revenue of $129.35 million during the quarter, compared to the consensus estimate of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.13% and a net margin of 44.62%. The firm's quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. Analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were paid a $0.30 dividend. The ex-dividend date was Monday, June 30th. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.30. This represents a $1.20 annualized dividend and a yield of 3.96%. Essential Properties Realty Trust's dividend payout ratio is currently 104.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Truist Financial upped their price objective on shares of 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. Scotiabank increased 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 research report on Monday, May 12th. UBS Group reduced their target price on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Barclays reissued an "overweight" rating and set a $37.00 target price (up from $35.00) on shares of Essential Properties Realty Trust in a research report on Wednesday, May 21st. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $34.98.

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.