Cornercap Investment Counsel Inc. Has $349,000 Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Cornercap Investment Counsel Inc. cut its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 42.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,172 shares of the company’s stock after selling 8,307 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Essential Properties Realty Trust were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC lifted its stake in shares of Essential Properties Realty Trust by 118.6% during the third quarter. Barclays PLC now owns 297,989 shares of the company’s stock valued at $10,176,000 after acquiring an additional 161,697 shares during the period. Truist Financial Corp bought a new stake in shares of Essential Properties Realty Trust in the 4th quarter valued at $287,000. FMR LLC raised its stake in Essential Properties Realty Trust by 1.9% during the 3rd 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 during the period. JPMorgan Chase & Co. lifted its holdings in Essential Properties Realty Trust by 6.6% during the third quarter. JPMorgan Chase & Co. now owns 1,594,775 shares of the company’s stock worth $54,462,000 after acquiring an additional 98,467 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Essential Properties Realty Trust by 840.9% in 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. 96.98% of the stock is owned by institutional investors.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock opened at $32.58 on Friday. Essential Properties Realty Trust, Inc. has a 52 week low of $24.72 and a 52 week high of $34.88. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.90 and a beta of 1.36. The company has a 50-day simple moving average of $31.83 and a 200 day simple moving average of $32.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, sell-side analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given a $0.295 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.62%. Essential Properties Realty Trust’s payout ratio is presently 103.51%.

Insider Activity

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of Essential Properties Realty Trust stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $31.99, for a total value of $959,700.00. Following the completion of the sale, the director now owns 218,785 shares in the company, valued at $6,998,932.15. The trade was a 12.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on EPRT shares. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an “overweight” rating and a $35.00 target price on the stock. Scotiabank decreased their price target on shares of 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. Barclays lowered their price objective on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. B. Riley cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and increased their target price for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft initiated 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 target on the stock. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.91.

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.