Lighthouse Investment Partners LLC Acquires New Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Lighthouse Investment Partners LLC acquired a new position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 67,500 shares of the company's stock, valued at approximately $2,111,000.

A number of other large investors have also recently made changes to their positions in EPRT. Crowley Wealth Management Inc. purchased a new stake in Essential Properties Realty Trust in the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB raised its holdings in 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 worth $34,000 after purchasing an additional 468 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock worth $37,000 after purchasing an additional 1,119 shares during the period. Quarry LP boosted its stake in shares of Essential Properties Realty Trust by 439.4% during the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock valued at $45,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Essential Properties Realty Trust by 275.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock valued at $77,000 after buying an additional 1,802 shares during the period. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Stock Up 0.2%

Shares of EPRT stock traded up $0.07 during mid-day trading on Monday, hitting $32.34. The company's stock had a trading volume of 150,941 shares, compared to its average volume of 1,429,579. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 2.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. Essential Properties Realty Trust, Inc. has a 52-week low of $26.07 and a 52-week high of $34.88. The business has a 50-day moving average price of $31.60 and a 200 day moving average price of $31.95.

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 for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The business had revenue of $129.35 million during 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%. Essential Properties Realty Trust's quarterly revenue was up 24.9% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. Research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given 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 3.65%. Essential Properties Realty Trust's dividend payout ratio (DPR) is 102.61%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EPRT shares. Scotiabank lifted their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. B. Riley cut Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and upped their price target for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Truist Financial raised their price objective on 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 dropped 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 report on Tuesday, May 13th. Finally, Barclays decreased their price target 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. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.77.

Insider Buying and Selling

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $31.99, for a total transaction of $959,700.00. Following the completion of the sale, the director now directly owns 218,785 shares in the company, valued at $6,998,932.15. The trade was a 12.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

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.