Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC raised its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 29.7% in the third quarter, HoldingsChannel.com reports. The fund owned 18,052 shares of the company’s stock after buying an additional 4,133 shares during the quarter. Metis Global Partners LLC’s holdings in Essential Properties Realty Trust were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. ProShare Advisors LLC grew its stake in Essential Properties Realty Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 31,457 shares of the company’s stock worth $839,000 after buying an additional 2,164 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Essential Properties Realty Trust by 4.4% during the first quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock worth $676,561,000 after acquiring an additional 1,060,079 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Essential Properties Realty Trust by 101.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 89,651 shares of the company’s stock worth $2,390,000 after acquiring an additional 45,151 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Essential Properties Realty Trust by 4.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 263,589 shares of the company’s stock valued at $7,027,000 after purchasing an additional 10,689 shares during the last quarter. Finally, Truvestments Capital LLC boosted its stake in Essential Properties Realty Trust by 480.4% during the 1st quarter. Truvestments Capital LLC now owns 90,416 shares of the company’s stock valued at $2,410,000 after purchasing an additional 74,839 shares during the period. 96.98% of the stock is owned by institutional investors.

Essential Properties Realty Trust Trading Up 0.6 %

Essential Properties Realty Trust stock opened at $32.86 on Monday. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.73 and a beta of 1.37. Essential Properties Realty Trust, Inc. has a 1 year low of $23.01 and a 1 year high of $34.51. The firm’s 50 day moving average price is $33.01 and its two-hundred day moving average price is $30.25. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59.

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

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 100.87%.

Insiders Place Their Bets

In other news, CEO Peter M. Mavoides sold 27,817 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction of $899,323.61. Following the sale, the chief executive officer now owns 446,076 shares in the company, valued at $14,421,637.08. The trade was a 5.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on EPRT. Truist Financial lifted their price target on Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Raymond James boosted their price target on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Mizuho lifted their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday. Evercore ISI increased their target price on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, Scotiabank upped their price target on shares of Essential Properties Realty Trust from $30.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $33.37.

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.