Essential Properties Realty Trust, Inc. $EPRT Shares Bought by Strs Ohio

Strs Ohio raised its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1,398.7% in the third quarter, Holdings Channel.com reports. The fund owned 562,000 shares of the company’s stock after purchasing an additional 524,500 shares during the period. Strs Ohio’s holdings in Essential Properties Realty Trust were worth $16,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC acquired a new position in shares of Essential Properties Realty Trust in the 2nd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Essential Properties Realty Trust in the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Essential Properties Realty Trust during the second quarter worth $44,000. Salomon & Ludwin LLC acquired a new position in Essential Properties Realty Trust during the third quarter worth $46,000. Finally, Versant Capital Management Inc boosted its position in shares of Essential Properties Realty Trust by 54.2% during the third quarter. Versant Capital Management Inc now owns 1,867 shares of the company’s stock worth $56,000 after buying an additional 656 shares during the period. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Up 0.1%

Shares of NYSE EPRT opened at $30.34 on Friday. The business has a 50-day moving average of $30.52 and a two-hundred day moving average of $30.47. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. Essential Properties Realty Trust, Inc. has a 1 year low of $27.44 and a 1 year high of $33.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.66 and a quick ratio of 5.66.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, October 22nd. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $144.93 million for the quarter, compared to analyst estimates of $140.42 million. Essential Properties Realty Trust had a return on equity of 6.38% and a net margin of 45.25%.The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. On average, analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a $0.31 dividend. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 4.1%. The ex-dividend date was Wednesday, December 31st. Essential Properties Realty Trust’s payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EPRT shares. Cantor Fitzgerald reissued an “overweight” rating on shares of Essential Properties Realty Trust in a research note on Monday, January 5th. Barclays reaffirmed an “overweight” rating and set a $37.00 target price on shares of Essential Properties Realty Trust in a research note on Tuesday, January 13th. Berenberg Bank initiated coverage on Essential Properties Realty Trust in a research report on Monday, October 13th. They issued a “buy” rating and a $36.00 price target on the stock. Stifel Nicolaus set a $36.00 price objective on Essential Properties Realty Trust in a research report on Thursday, October 23rd. Finally, Mizuho upped their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Essential Properties Realty Trust has an average rating of “Moderate Buy” and an average target price of $35.41.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.