Teacher Retirement System of Texas Has $1.24 Million Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Teacher Retirement System of Texas increased its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 107.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,980 shares of the company's stock after buying an additional 19,715 shares during the quarter. Teacher Retirement System of Texas' holdings in Essential Properties Realty Trust were worth $1,240,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its stake in Essential Properties Realty Trust by 51.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 30,653 shares of the company's stock valued at $994,000 after acquiring an additional 10,420 shares during the period. Amalgamated Bank raised its stake in Essential Properties Realty Trust by 3.3% in the 1st quarter. Amalgamated Bank now owns 53,128 shares of the company's stock valued at $1,734,000 after acquiring an additional 1,693 shares during the period. Barclays PLC raised its stake in Essential Properties Realty Trust by 37.4% in the 4th quarter. Barclays PLC now owns 409,365 shares of the company's stock valued at $12,805,000 after acquiring an additional 111,376 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Essential Properties Realty Trust by 38.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,169 shares of the company's stock valued at $2,946,000 after acquiring an additional 26,234 shares during the period. Finally, QRG Capital Management Inc. raised its stake in Essential Properties Realty Trust by 10.7% in the 1st quarter. QRG Capital Management Inc. now owns 87,962 shares of the company's stock valued at $2,871,000 after acquiring an additional 8,510 shares during the period. Institutional investors and hedge funds own 96.98% of the company's stock.

Wall Street Analysts Forecast Growth

EPRT has been the topic of a number of research analyst reports. UBS Group dropped their price target on Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Wednesday. Scotiabank increased their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Truist Financial increased their price objective on 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. Finally, Barclays reiterated an "overweight" rating and set a $37.00 price objective (up previously from $35.00) on shares of Essential Properties Realty Trust in a research report on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Essential Properties Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $34.98.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT traded up $0.02 during mid-day trading on Wednesday, reaching $31.02. The company had a trading volume of 2,478,563 shares, compared to its average volume of 1,492,335. The company has a debt-to-equity ratio of 0.55, a quick ratio of 7.76 and a current ratio of 7.76. Essential Properties Realty Trust, Inc. has a one year low of $27.44 and a one year high of $34.88. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 2.41 and a beta of 1.08. The business's 50-day simple moving average is $32.10 and its 200 day simple moving average is $31.78.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.13% and a net margin of 44.62%. The company had revenue of $129.35 million during the quarter, compared to the consensus estimate of $124.88 million. During the same quarter in the previous year, the business posted $0.42 EPS. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. On average, research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.87%. 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 presently 104.35%.

Insider Activity at Essential Properties Realty Trust

In related news, VP A Joseph Peil sold 13,227 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was 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 of the company's stock, valued at $2,524,406.40. This trade represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.81% of the company's stock.

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.