Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 24.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,935 shares of the company’s stock after buying an additional 762 shares during the period. GAMMA Investing LLC’s holdings in Essential Properties Realty Trust were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in Essential Properties Realty Trust by 95.2% during the third quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $28,000 after purchasing an additional 399 shares during the last quarter. Quarry LP raised its holdings in Essential Properties Realty Trust by 611.3% during the second quarter. Quarry LP now owns 1,195 shares of the company’s stock worth $33,000 after purchasing an additional 1,027 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Essential Properties Realty Trust by 215.4% during the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock worth $38,000 after buying an additional 827 shares during the last quarter. Morse Asset Management Inc acquired a new position in shares of Essential Properties Realty Trust in the 3rd quarter valued at $79,000. Finally, Advisors Asset Management Inc. grew its position in shares of Essential Properties Realty Trust by 58.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,218 shares of the company’s stock valued at $110,000 after buying an additional 1,189 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Essential Properties Realty Trust Price Performance

Shares of NYSE:EPRT opened at $31.55 on Friday. Essential Properties Realty Trust, Inc. has a 52 week low of $23.58 and a 52 week high of $34.88. The company has a 50-day moving average price of $32.50 and a 200 day moving average price of $31.66. The company has a market cap of $5.53 billion, a P/E ratio of 27.43, a PEG ratio of 3.27 and a beta of 1.38. 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 issued its 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 return on equity of 6.20% and a net margin of 46.00%. The business had revenue of $117.13 million for the quarter, compared to analysts’ expectations of $109.73 million. During the same period last year, the company posted $0.42 earnings per share. The business’s quarterly revenue was up 27.8% on a year-over-year basis. Research analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.295 per share. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Tuesday, December 31st. Essential Properties Realty Trust’s payout ratio is presently 100.87%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Mizuho boosted their price target on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Evercore ISI raised their price target on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Scotiabank raised their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Stifel Nicolaus upped 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.91.

Essential Properties Realty Trust Company 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.