Two Sigma Investments LP Cuts Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Two Sigma Investments LP lessened its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 126,467 shares of the company's stock after selling 41,119 shares during the period. Two Sigma Investments LP owned 0.07% of Essential Properties Realty Trust worth $3,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. ProShare Advisors LLC raised its holdings in shares of Essential Properties Realty Trust by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 52,874 shares of the company's stock worth $1,654,000 after acquiring an additional 16,273 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Essential Properties Realty Trust by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 25,436 shares of the company's stock worth $797,000 after acquiring an additional 990 shares during the period. Morse Asset Management Inc raised its holdings in shares of Essential Properties Realty Trust by 44.6% during the 4th quarter. Morse Asset Management Inc now owns 3,325 shares of the company's stock worth $104,000 after acquiring an additional 1,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Essential Properties Realty Trust by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 99,905 shares of the company's stock worth $3,125,000 after acquiring an additional 3,930 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of Essential Properties Realty Trust by 45.2% during the 4th quarter. Lazard Asset Management LLC now owns 37,556 shares of the company's stock worth $1,174,000 after acquiring an additional 11,699 shares during the period. Hedge funds and other institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Trading Up 0.6%

NYSE:EPRT traded up $0.21 on Monday, reaching $32.71. 2,028,466 shares of the company's stock were exchanged, compared to its average volume of 1,448,895. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. The business has a fifty day moving average of $31.69 and a 200-day moving average of $31.93. Essential Properties Realty Trust, Inc. has a 52-week low of $26.63 and a 52-week high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly 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). The business had revenue of $129.35 million for the quarter, compared to analysts' expectations of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. As a group, analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.61%. Essential Properties Realty Trust's dividend payout ratio (DPR) is presently 102.61%.

Analyst Ratings Changes

EPRT has been the topic of several analyst reports. Capital One Financial initiated coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price target on the stock. Barclays reiterated an "overweight" rating and set a $37.00 price target (up previously from $35.00) on shares of Essential Properties Realty Trust in a report on Wednesday, May 21st. 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 research report on Monday, May 12th. UBS Group cut their price objective on Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, B. Riley downgraded Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $29.50 to $33.50 in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.91.

Essential Properties Realty Trust 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.