Victory Capital Management Inc. Has $46.48 Million Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Victory Capital Management Inc. boosted its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 2.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,423,990 shares of the company's stock after purchasing an additional 36,692 shares during the period. Victory Capital Management Inc. owned about 0.72% of Essential Properties Realty Trust worth $46,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new stake in shares of Essential Properties Realty Trust during the fourth quarter valued at approximately $28,000. Franchise Capital Ltd acquired a new position in Essential Properties Realty Trust during the 1st quarter worth $42,000. Quarry LP boosted its position in Essential Properties Realty Trust by 439.4% in the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock valued at $45,000 after buying an additional 1,182 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Essential Properties Realty Trust in the 4th quarter valued at $100,000. Finally, Morse Asset Management Inc raised its position in shares of 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 acquiring an additional 1,025 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock opened at $30.49 on Friday. The company has a 50 day moving average of $32.03 and a 200-day moving average of $31.77. The company has a market cap of $6.02 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08. The company has a current ratio of 7.76, a quick ratio of 7.76 and a debt-to-equity ratio of 0.55. Essential Properties Realty Trust, Inc. has a 1-year low of $27.44 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued 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 return on equity of 6.13% and a net margin of 44.62%. The firm had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. During the same period in the previous year, the company earned $0.42 EPS. Essential Properties Realty Trust's revenue for the quarter was up 24.9% on a year-over-year basis. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were paid a $0.30 dividend. This is a positive change from Essential Properties Realty Trust's previous quarterly dividend of $0.30. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Monday, June 30th. Essential Properties Realty Trust's payout ratio is currently 104.35%.

Insider Activity at Essential Properties Realty Trust

In related news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total transaction of $435,961.92. Following the completion of the transaction, the vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EPRT has been the topic of several analyst reports. Barclays reissued an "overweight" rating and issued a $37.00 target price (up previously from $35.00) on shares of Essential Properties Realty Trust in a research note on Wednesday, May 21st. Truist Financial increased their price target 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. UBS Group decreased their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Scotiabank increased their target price on shares of 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 investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.98.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.