Coldstream Capital Management Inc. Buys New Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Coldstream Capital Management Inc. purchased a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,342 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its stake in shares of Essential Properties Realty Trust by 29.2% in the second quarter. Thrivent Financial for Lutherans now owns 1,646,742 shares of the company’s stock valued at $45,631,000 after acquiring an additional 372,040 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Essential Properties Realty Trust by 244.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 427,118 shares of the company’s stock worth $11,958,000 after purchasing an additional 303,057 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Essential Properties Realty Trust by 26.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,424 shares of the company’s stock valued at $8,347,000 after purchasing an additional 51,196 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 buying an additional 621,445 shares during the period. Finally, FMR LLC grew its position in shares of Essential Properties Realty Trust by 1.9% during the third quarter. FMR LLC now owns 4,138,674 shares of the company’s stock worth $141,336,000 after buying an additional 76,475 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Performance

Shares of EPRT opened at $32.84 on Tuesday. The company’s 50 day simple moving average is $33.06 and its 200-day simple moving average is $31.19. The firm has a market cap of $5.76 billion, a PE ratio of 28.56, a price-to-earnings-growth 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 current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the previous year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. As a group, equities analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The business 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 $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.59%. The ex-dividend date is Tuesday, December 31st. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s payout ratio is 102.61%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 target price on the stock. Wells Fargo & Company decreased 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. Evercore ISI increased their target price on 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. Mizuho raised their price target on Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Scotiabank upped their price objective on 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. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.77.

About Essential Properties Realty Trust

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.