Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 88.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,971 shares of the company’s stock after buying an additional 44,993 shares during the quarter. Quantbot Technologies LP’s holdings in Essential Properties Realty Trust were worth $3,002,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Essential Properties Realty Trust by 38.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,169 shares of the company’s stock valued at $2,946,000 after buying an additional 26,234 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in Essential Properties Realty Trust by 30.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,900 shares of the company’s stock valued at $278,000 after purchasing an additional 2,085 shares in the last quarter. Xponance Inc. grew its stake in Essential Properties Realty Trust by 7.0% during the 4th quarter. Xponance Inc. now owns 13,380 shares of the company’s stock valued at $419,000 after purchasing an additional 874 shares in the last quarter. Intech Investment Management LLC grew its stake in Essential Properties Realty Trust by 43.0% during the 4th quarter. Intech Investment Management LLC now owns 69,446 shares of the company’s stock valued at $2,172,000 after purchasing an additional 20,892 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Essential Properties Realty Trust during the 4th quarter valued at approximately $514,000. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Down 1.0 %

Shares of NYSE EPRT opened at $31.72 on Friday. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36. Essential Properties Realty Trust, Inc. has a 12-month low of $24.72 and a 12-month high of $34.88. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59. The stock’s 50 day simple moving average is $31.70 and its 200 day simple moving average is $32.39.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. Equities research analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 103.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Scotiabank lowered their price objective on Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Capital One Financial assumed coverage on Essential Properties Realty Trust in a research note on Wednesday, February 12th. They set an “overweight” rating and a $35.00 price objective for the company. Barclays lowered their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on Essential Properties Realty Trust in a research note on Wednesday, December 11th. They set a “buy” rating and a $38.00 price objective for the company. Finally, B. Riley lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $29.50 to $33.50 in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.91.

Insider Buying and Selling

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of Essential Properties Realty Trust stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the sale, the director now owns 178,785 shares of the company’s stock, valued at $5,817,663.90. The trade was a 6.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.