State of Alaska Department of Revenue Has $5.74 Million Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

State of Alaska Department of Revenue increased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 183,648 shares of the company’s stock after acquiring an additional 412 shares during the period. State of Alaska Department of Revenue’s holdings in Essential Properties Realty Trust were worth $5,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Duff & Phelps Investment Management Co. acquired a new stake in Essential Properties Realty Trust during the third quarter valued at approximately $69,473,000. Adelante Capital Management LLC boosted its stake in Essential Properties Realty Trust by 3,964.9% in the 3rd quarter. Adelante Capital Management LLC now owns 1,111,634 shares of the company’s stock valued at $37,962,000 after buying an additional 1,084,287 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Essential Properties Realty Trust by 434.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,086,529 shares of the company’s stock valued at $37,105,000 after acquiring an additional 883,053 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Essential Properties Realty Trust by 33.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company’s stock worth $85,491,000 after acquiring an additional 621,445 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Essential Properties Realty Trust by 840.9% during the third quarter. Bank of Montreal Can now owns 622,034 shares of the company’s stock valued at $21,242,000 after acquiring an additional 555,926 shares during the period. Institutional investors own 96.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EPRT shares. Wells Fargo & Company lowered their target price on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Mizuho upped their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Barclays cut their target price on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $38.00 price target on the stock. Finally, Scotiabank lifted their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.85.

Essential Properties Realty Trust Stock Performance

Shares of NYSE:EPRT opened at $31.55 on Friday. 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, Inc. has a 1-year low of $23.58 and a 1-year high of $34.88. The stock has a market capitalization of $5.53 billion, a P/E ratio of 27.43, a P/E/G ratio of 2.94 and a beta of 1.40. The business has a 50-day moving average price of $31.85 and a two-hundred day moving average price of $32.08.

Essential Properties Realty Trust Increases Dividend

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

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.