Infrastructure Capital Advisors LLC Purchases New Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Infrastructure Capital Advisors LLC purchased a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,331 shares of the company’s stock, valued at approximately $216,000.

Other large investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its holdings in shares of Essential Properties Realty Trust by 29.2% in the second quarter. Thrivent Financial for Lutherans now owns 1,646,742 shares of the company’s stock valued at $45,631,000 after purchasing an additional 372,040 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Essential Properties Realty Trust by 244.3% during the second quarter. Nisa Investment Advisors LLC now owns 427,118 shares of the company’s stock worth $11,958,000 after buying an additional 303,057 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Essential Properties Realty Trust by 26.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,424 shares of the company’s stock worth $8,347,000 after buying an additional 51,196 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Essential Properties Realty Trust by 33.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company’s stock worth $85,491,000 after buying an additional 621,445 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Essential Properties Realty Trust by 31.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 157,731 shares of the company’s stock worth $4,205,000 after buying an additional 37,729 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Analyst Upgrades and Downgrades

EPRT has been the subject of a number of analyst reports. Truist Financial upped their target price on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Wedbush initiated coverage on Essential Properties Realty Trust in a report on Monday, August 19th. They set an “outperform” rating and a $34.00 target price for the company. Wells Fargo & Company lowered their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Scotiabank upped their target price on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, Raymond James increased their price objective on Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $33.44.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $34.31 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. The stock’s fifty day moving average price is $33.19 and its 200 day moving average price is $30.61. Essential Properties Realty Trust, Inc. has a 1 year low of $23.42 and a 1 year high of $34.72. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.85 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.16). Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The firm had revenue of $117.13 million during the quarter, compared to analyst estimates of $109.73 million. During the same period in the previous year, the company earned $0.42 earnings per share. Essential Properties Realty Trust’s revenue was up 27.8% on a year-over-year basis. As a group, equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.38%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is currently 100.87%.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the sale, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at approximately $14,421,637.08. This trade represents a 5.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by insiders.

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.