Essential Properties Realty Trust, Inc. (NYSE:EPRT) Position Lifted by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC raised its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,241,446 shares of the company's stock after acquiring an additional 77,722 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.71% of Essential Properties Realty Trust worth $38,832,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. raised its holdings in Essential Properties Realty Trust by 1.9% during the fourth quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company's stock worth $673,000 after purchasing an additional 395 shares in the last quarter. Arizona State Retirement System raised its holdings in Essential Properties Realty Trust by 0.8% during the fourth quarter. Arizona State Retirement System now owns 50,884 shares of the company's stock worth $1,592,000 after purchasing an additional 399 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Essential Properties Realty Trust by 74.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock worth $34,000 after purchasing an additional 468 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in Essential Properties Realty Trust by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,355 shares of the company's stock worth $574,000 after purchasing an additional 581 shares in the last quarter. Finally, United Services Automobile Association increased its holdings in shares of Essential Properties Realty Trust by 7.0% in the 4th quarter. United Services Automobile Association now owns 11,183 shares of the company's stock valued at $350,000 after acquiring an additional 730 shares during the period. Hedge funds and other institutional investors own 96.98% of the company's stock.

Insider Activity

In other news, Director Stephen D. Sautel sold 30,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $31.99, for a total value of $959,700.00. Following the completion of the transaction, the director now directly owns 218,785 shares in the company, valued at approximately $6,998,932.15. This represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Trading Up 1.0%

Shares of Essential Properties Realty Trust stock traded up $0.33 during trading hours on Friday, hitting $32.13. The company's stock had a trading volume of 1,026,749 shares, compared to its average volume of 1,430,044. Essential Properties Realty Trust, Inc. has a 1-year low of $26.07 and a 1-year high of $34.88. The business has a fifty day moving average of $31.60 and a 200 day moving average of $31.97. The company has a market capitalization of $6.35 billion, a PE ratio of 28.18, a P/E/G ratio of 2.90 and a beta of 1.09. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $129.35 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. As a group, equities analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were paid a $0.295 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.67%. Essential Properties Realty Trust's dividend payout ratio (DPR) is presently 102.61%.

Analyst Ratings Changes

EPRT has been the topic of a number of recent research reports. B. Riley cut shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and lifted their target price for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Truist Financial lifted their target price 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. Scotiabank cut their price objective on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Barclays lowered their target price on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Finally, Capital One Financial started coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average 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.