Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,137 shares of the company’s stock after selling 731 shares during the period. Orion Portfolio Solutions LLC’s holdings in Essential Properties Realty Trust were worth $380,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Essential Properties Realty Trust by 1.0% during the third quarter. State Street Corp now owns 10,033,209 shares of the company’s stock valued at $345,535,000 after acquiring an additional 96,615 shares in the last quarter. FMR LLC boosted its holdings in Essential Properties Realty Trust by 1.9% in the third quarter. FMR LLC now owns 4,138,674 shares of the company’s stock valued at $141,336,000 after purchasing an additional 76,475 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Essential Properties Realty Trust by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,829,776 shares of the company’s stock valued at $96,637,000 after purchasing an additional 141,612 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in 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. Finally, Massachusetts Financial Services Co. MA raised its position 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 valued at $85,491,000 after purchasing an additional 621,445 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Down 3.5 %

Shares of NYSE EPRT opened at $31.52 on Thursday. The business has a fifty day simple moving average of $33.03 and a 200-day simple moving average of $31.23. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 2.74 and a beta of 1.38. Essential Properties Realty Trust, Inc. has a 12 month low of $23.58 and a 12 month high of $34.88. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69.

Essential Properties Realty Trust (NYSE:EPRT) last released 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). 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 for the quarter, compared to analyst estimates of $109.73 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s revenue was up 27.8% compared to the same quarter last year. Sell-side analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.74%. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, December 31st. Essential Properties Realty Trust’s payout ratio is presently 102.61%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EPRT. Barclays initiated coverage on shares of Essential Properties Realty Trust in a research note on Tuesday. They issued an “overweight” rating and a $35.94 price target for the company. Truist Financial boosted their target price on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft began coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They set a “buy” rating and a $38.00 target price on the stock. Wells Fargo & Company lowered their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Raymond James lifted their price objective on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.91.

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.