Nomura Asset Management Co. Ltd. Has $7.40 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Nomura Asset Management Co. Ltd. lifted its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 236,670 shares of the company’s stock after acquiring an additional 1,253 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Essential Properties Realty Trust were worth $7,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Crowley Wealth Management Inc. bought a new stake in Essential Properties Realty Trust during the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after buying an additional 468 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Essential Properties Realty Trust by 1,834.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock worth $37,000 after buying an additional 1,119 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. Finally, Smartleaf Asset Management LLC boosted its stake in Essential Properties Realty Trust by 275.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock valued at $77,000 after buying an additional 1,802 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $32.62 on Tuesday. 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, Inc. has a fifty-two week low of $24.72 and a fifty-two week high of $34.88. The company has a 50 day simple moving average of $31.85 and a two-hundred day simple moving average of $32.40. The company has a market capitalization of $6.12 billion, a PE ratio of 28.61, a P/E/G ratio of 2.90 and a beta of 1.36.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. Research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio is 103.51%.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $31.99, for a total value of $959,700.00. Following the transaction, the director now directly owns 218,785 shares of the company’s stock, valued at approximately $6,998,932.15. The trade was a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EPRT has been the subject of several research analyst reports. Scotiabank lowered their target price 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 initiated coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 11th. They set a “buy” rating and a $38.00 target price on the stock. Barclays dropped their price target 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. Finally, B. Riley lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and boosted their price objective 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.