Voloridge Investment Management LLC Reduces Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Voloridge Investment Management LLC reduced its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 809,637 shares of the company's stock after selling 96,076 shares during the period. Voloridge Investment Management LLC owned 0.46% of Essential Properties Realty Trust worth $25,325,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. increased its stake in Essential Properties Realty Trust by 33.9% in the fourth quarter. Invesco Ltd. now owns 4,651,728 shares of the company's stock valued at $145,506,000 after purchasing an additional 1,178,284 shares during the last quarter. FMR LLC boosted its stake in Essential Properties Realty Trust by 6.9% in the 4th quarter. FMR LLC now owns 4,422,710 shares of the company's stock worth $138,342,000 after buying an additional 284,036 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Essential Properties Realty Trust by 18.9% in the 4th quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company's stock valued at $92,246,000 after buying an additional 469,610 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Essential Properties Realty Trust by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company's stock valued at $89,866,000 after acquiring an additional 43,179 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Essential Properties Realty Trust during the 4th quarter valued at about $83,341,000. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Up 1.3%

NYSE:EPRT traded up $0.42 during mid-day trading on Tuesday, hitting $32.30. The company had a trading volume of 302,177 shares, compared to its average volume of 1,429,635. The business has a fifty day simple moving average of $31.67 and a 200-day simple moving average of $31.95. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 2.90 and a beta of 1.09. Essential Properties Realty Trust, Inc. has a 1 year low of $26.07 and a 1 year high of $34.88. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59.

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). The company had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. Essential Properties Realty Trust's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. Equities analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were paid a dividend of $0.295 per share. The ex-dividend date was Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.65%. Essential Properties Realty Trust's dividend payout ratio is currently 102.61%.

Insider Transactions at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 12,500 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the completion of the sale, the director now directly owns 178,785 shares in the company, valued at $5,817,663.90. This trade represents a 6.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.77% of the company's stock.

Wall Street Analysts Forecast Growth

EPRT has been the topic of several research analyst reports. UBS Group decreased their target price on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Truist Financial lifted 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 report on Monday, May 5th. Barclays reissued an "overweight" rating and set a $37.00 price objective (up from $35.00) on shares of Essential Properties Realty Trust in a research note on Wednesday, May 21st. B. Riley lowered Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their target price for the stock from $29.50 to $33.50 in a research report on Wednesday, February 19th. Finally, Capital One Financial started coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.91.

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.