Brookfield Corp ON Has $25.72 Million Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Brookfield Corp ON lowered its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 14.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 753,130 shares of the company’s stock after selling 130,404 shares during the quarter. Brookfield Corp ON owned about 0.43% of Essential Properties Realty Trust worth $25,719,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in Essential Properties Realty Trust by 5,380.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,881,960 shares of the company’s stock worth $52,149,000 after purchasing an additional 1,847,618 shares in the last quarter. Adelante Capital Management LLC raised its position in shares of Essential Properties Realty Trust by 3,964.9% in the third quarter. Adelante Capital Management LLC now owns 1,111,634 shares of the company’s stock valued at $37,962,000 after buying an additional 1,084,287 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Essential Properties Realty Trust by 434.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,086,529 shares of the company’s stock valued at $37,105,000 after buying an additional 883,053 shares during the period. APG Asset Management US Inc. acquired a new stake in Essential Properties Realty Trust during the second quarter worth approximately $21,274,000. Finally, Handelsbanken Fonder AB grew its position in Essential Properties Realty Trust by 1,669.8% during the third quarter. Handelsbanken Fonder AB now owns 603,500 shares of the company’s stock worth $20,610,000 after buying an additional 569,400 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Down 0.7 %

Shares of EPRT opened at $32.67 on Friday. The company has a market capitalization of $5.73 billion, a PE ratio of 28.41, a PEG ratio of 2.77 and a beta of 1.38. The stock’s 50-day moving average price is $33.09 and its two-hundred day moving average price is $30.88. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. Essential Properties Realty Trust, Inc. has a 12 month low of $23.58 and a 12 month high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.27 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 company had revenue of $117.13 million during the quarter, compared to the consensus estimate of $109.73 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. The business’s revenue was up 27.8% on a year-over-year basis. On average, analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s payout ratio is 100.87%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EPRT. Truist Financial increased 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. Scotiabank raised their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Wedbush initiated coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They set an “outperform” rating and a $34.00 price target for the company. 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, November 14th. Finally, Stifel Nicolaus upped their target price on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.44.

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.