Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stock Holdings Lessened by OVERSEA CHINESE BANKING Corp Ltd

Key Points

• OVERSEA CHINESE BANKING Corp Ltd has decreased its stake in Essential Properties Realty Trust by 33.0%, reducing its holdings to approximately 155,692 shares worth $5,082,000.
• Essential Properties Realty Trust reported $0.46 EPS for the last quarter, missing the consensus estimate by $0.01, but showing a 25.4% revenue growth compared to the same quarter last year.
• The company increased its quarterly dividend to $0.30, representing a dividend yield of 3.9% and a payout ratio of 101.69%.

OVERSEA CHINESE BANKING Corp Ltd trimmed its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 33.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EPRT. KBC Group NV grew its position in Essential Properties Realty Trust by 4.3% in the 1st quarter. KBC Group NV now owns 8,085 shares of the company's stock worth $264,000 after purchasing an additional 335 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Essential Properties Realty Trust by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,778 shares of the company's stock valued at $352,000 after buying an additional 419 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Essential Properties Realty Trust by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,355 shares of the company's stock valued at $574,000 after buying an additional 581 shares in the last quarter. Xponance Inc. lifted its stake in shares of Essential Properties Realty Trust by 4.8% during the 1st quarter. Xponance Inc. now owns 14,026 shares of the company's stock valued at $458,000 after buying an additional 646 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Essential Properties Realty Trust by 2.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 27,331 shares of the company's stock worth $892,000 after purchasing an additional 772 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP A Joseph Peil sold 13,227 shares of the company's stock in a transaction dated 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 sale, the vice president owned 76,590 shares of the company's stock, valued at $2,524,406.40. This represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EPRT. UBS Group decreased their target price on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Scotiabank upped their price target on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Barclays lowered their price target on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Finally, Truist Financial increased 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 research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $34.90.

Essential Properties Realty Trust Trading Up 1.0%

EPRT traded up $0.32 during trading on Monday, hitting $30.86. 1,346,602 shares of the company's stock were exchanged, compared to its average volume of 1,946,855. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.60. Essential Properties Realty Trust, Inc. has a 1 year low of $27.44 and a 1 year high of $34.88. The stock has a 50 day moving average price of $31.79 and a 200 day moving average price of $31.73. The firm has a market cap of $6.11 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $0.46 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 firm had revenue of $129.11 million for the quarter, compared to analyst estimates of $131.72 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The company'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 fiscal year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 30th. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.30. This represents a $1.20 annualized dividend and a yield of 3.9%. Essential Properties Realty Trust's dividend payout ratio is currently 101.69%.

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.