Teachers Retirement System of The State of Kentucky Grows Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,466 shares of the company's stock after buying an additional 10,000 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.07% of Essential Properties Realty Trust worth $4,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. purchased a new position in Essential Properties Realty Trust during the fourth quarter worth about $28,000. Franchise Capital Ltd purchased a new position in Essential Properties Realty Trust during the first quarter worth about $42,000. Quarry LP lifted its position in Essential Properties Realty Trust by 439.4% during the fourth quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after buying an additional 1,182 shares during the period. GF Fund Management CO. LTD. purchased a new position in Essential Properties Realty Trust during the fourth quarter worth about $100,000. Finally, Morse Asset Management Inc lifted its position in Essential Properties Realty Trust by 44.6% during the fourth quarter. Morse Asset Management Inc now owns 3,325 shares of the company's stock worth $104,000 after buying an additional 1,025 shares during the period. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP A Joseph Peil sold 13,227 shares of the 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 completion of the sale, the vice president owned 76,590 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Price Performance

EPRT stock opened at $30.48 on Tuesday. 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 1 year low of $27.44 and a 1 year high of $34.88. The firm has a market cap of $6.02 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08. The stock has a 50-day simple moving average of $32.03 and a 200-day simple moving average of $31.78.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Essential Properties Realty Trust had a net margin of 44.62% and a return on equity of 6.13%. The company had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. During the same quarter last year, the business posted $0.42 EPS. Essential Properties Realty Trust's quarterly revenue was up 24.9% compared to the same quarter last year. On average, equities 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 announced a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were paid a $0.30 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.94%. This is a positive change from Essential Properties Realty Trust's previous quarterly dividend of $0.30. Essential Properties Realty Trust's dividend payout ratio (DPR) is 104.35%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. UBS Group reduced their target price on 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. Barclays cut their price objective on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday. Truist Financial raised their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, Scotiabank raised their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $34.90.

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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