Lido Advisors LLC Decreases Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Lido Advisors LLC cut its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 52.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,240 shares of the company's stock after selling 132,741 shares during the period. Lido Advisors LLC owned about 0.07% of Essential Properties Realty Trust worth $3,733,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. bought a new stake in shares of Essential Properties Realty Trust during the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock valued at $34,000 after purchasing an additional 468 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Essential Properties Realty Trust by 1,834.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after purchasing an additional 1,119 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Essential Properties Realty Trust by 215.4% during the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock worth $38,000 after buying an additional 827 shares during the period. Finally, Quarry LP boosted its position in Essential Properties Realty Trust by 439.4% during the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after acquiring an additional 1,182 shares during the last quarter. 96.98% of the stock is owned by institutional investors.

Essential Properties Realty Trust Trading Down 0.1 %

Shares of EPRT traded down $0.05 during trading hours on Monday, hitting $31.95. 559,868 shares of the stock were exchanged, compared to its average volume of 1,425,117. Essential Properties Realty Trust, Inc. has a fifty-two week low of $26.07 and a fifty-two week high of $34.88. The business has a 50-day moving average of $31.67 and a 200-day moving average of $32.03. The firm has a market capitalization of $6.31 billion, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The business had revenue of $129.35 million for the quarter, compared to analyst estimates of $124.88 million. During the same period in the prior year, the business earned $0.42 EPS. The company's revenue for the quarter was up 24.9% on a year-over-year basis. On average, research analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio (DPR) is 102.61%.

Analyst Ratings Changes

A number of research firms have recently commented on EPRT. Barclays reduced their price objective on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Scotiabank decreased their target price on Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. 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 price objective on the stock. B. Riley cut Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their price target for the company from $29.50 to $33.50 in a research note on Wednesday, February 19th. Finally, Truist Financial raised 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. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.91.

Insider Transactions at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total value of $406,750.00. Following the transaction, the director now directly owns 178,785 shares of the company's stock, valued at approximately $5,817,663.90. The trade was a 6.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.77% of the company's stock.

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.