Truvestments Capital LLC Grows Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Truvestments Capital LLC boosted its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 11.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 106,993 shares of the company’s stock after purchasing an additional 11,176 shares during the period. Essential Properties Realty Trust comprises 1.0% of Truvestments Capital LLC’s investment portfolio, making the stock its 19th biggest position. Truvestments Capital LLC’s holdings in Essential Properties Realty Trust were worth $3,654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Essential Properties Realty Trust by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,829,776 shares of the company’s stock valued at $96,637,000 after buying an additional 141,612 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Essential Properties Realty Trust by 11.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,575,683 shares of the company’s stock worth $71,372,000 after purchasing an additional 264,052 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Essential Properties Realty Trust by 33.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company’s stock worth $85,491,000 after purchasing an additional 621,445 shares during the period. Bank of New York Mellon Corp lifted its stake in Essential Properties Realty Trust by 9.4% in the second quarter. Bank of New York Mellon Corp now owns 1,966,304 shares of the company’s stock valued at $54,486,000 after purchasing an additional 169,222 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Essential Properties Realty Trust by 4.0% during the third quarter. Thrivent Financial for Lutherans now owns 1,712,800 shares of the company’s stock valued at $58,492,000 after purchasing an additional 66,058 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Insider Transactions at Essential Properties Realty Trust

In other 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 transaction, the chief executive officer now directly owns 446,076 shares in the company, valued at approximately $14,421,637.08. This represents a 5.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Price Performance

NYSE:EPRT opened at $33.58 on Monday. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 2.78 and a beta of 1.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59. The stock has a fifty day moving average of $33.14 and a 200 day moving average of $30.49. Essential Properties Realty Trust, Inc. has a 52-week low of $23.42 and a 52-week high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly 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). The business had revenue of $117.13 million for the quarter, compared to the consensus estimate of $109.73 million. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The business’s revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. On average, research analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal 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 paid a $0.29 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.16 dividend on an annualized basis and a yield of 3.45%. Essential Properties Realty Trust’s dividend payout ratio is presently 100.87%.

Analyst Ratings Changes

EPRT has been the topic of a number of recent research reports. UBS Group upped their price target on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Raymond James increased their target price on shares of 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. Stifel Nicolaus boosted their price target on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a research report on Thursday, September 26th. Wedbush began coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They issued an “outperform” rating and a $34.00 price objective for the company. Finally, Evercore ISI boosted 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 report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.37.

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.