Amalgamated Bank Boosts Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Amalgamated Bank raised its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,478 shares of the company’s stock after buying an additional 3,822 shares during the period. Amalgamated Bank’s holdings in Essential Properties Realty Trust were worth $1,482,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Essential Properties Realty Trust by 4.4% during the 1st 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. Wellington Management Group LLP lifted its position in shares of Essential Properties Realty Trust by 18.4% during the fourth quarter. Wellington Management Group LLP now owns 9,931,196 shares of the company’s stock worth $253,841,000 after purchasing an additional 1,543,346 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Essential Properties Realty Trust by 7.5% during the first quarter. Principal Financial Group Inc. now owns 2,697,079 shares of the company’s stock valued at $71,904,000 after purchasing an additional 187,256 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Essential Properties Realty Trust by 11.4% in the second 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, Bank of New York Mellon Corp increased its stake in Essential Properties Realty Trust by 9.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,966,304 shares of the company’s stock worth $54,486,000 after buying an additional 169,222 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

EPRT opened at $33.96 on Friday. The firm has a market capitalization of $5.95 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 2.93 and a beta of 1.37. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.90 and a quick ratio of 4.90. The business’s 50-day moving average is $31.30 and its two-hundred day moving average is $28.40. Essential Properties Realty Trust, Inc. has a 1 year low of $20.49 and a 1 year high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). The firm had revenue of $109.30 million during the quarter, compared to analysts’ expectations of $102.99 million. Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, September 30th. Essential Properties Realty Trust’s payout ratio is presently 94.31%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EPRT. The Goldman Sachs Group started coverage on shares of Essential Properties Realty Trust in a research report on Friday, June 28th. They issued a “buy” rating and a $33.00 price objective for the company. Wedbush began coverage on Essential Properties Realty Trust in a research note on Monday, August 19th. They issued an “outperform” rating and a $34.00 price objective on the stock. Truist Financial raised their price objective on Essential Properties Realty Trust from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Raymond James upped their target price on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company increased their price target on Essential Properties Realty Trust from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.13.

Insider Activity

In related news, CEO Peter M. Mavoides sold 1,200 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total transaction of $33,600.00. Following the transaction, the chief executive officer now directly owns 513,264 shares in the company, valued at approximately $14,371,392. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 20,863 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $27.54, for a total value of $574,567.02. Following the completion of the transaction, the chief executive officer now owns 514,464 shares of the company’s stock, valued at $14,168,338.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Peter M. Mavoides sold 1,200 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $28.00, for a total transaction of $33,600.00. Following the sale, the chief executive officer now directly owns 513,264 shares in the company, valued at $14,371,392. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,592 shares of company stock worth $1,863,808. Insiders own 0.81% of the company’s stock.

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.