Cornercap Investment Counsel Inc. Has $665,000 Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Cornercap Investment Counsel Inc. lowered its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 50.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,479 shares of the company’s stock after selling 19,596 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Essential Properties Realty Trust were worth $665,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EPRT. ProShare Advisors LLC raised its holdings in Essential Properties Realty Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 31,457 shares of the company’s stock worth $839,000 after purchasing an additional 2,164 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Essential Properties Realty Trust by 4.4% during the first quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock worth $676,561,000 after buying an additional 1,060,079 shares during the last quarter. Allstate Corp acquired a new position in Essential Properties Realty Trust in the first quarter valued at approximately $2,461,000. Nicola Wealth Management LTD. boosted its stake in Essential Properties Realty Trust by 65.2% in the first quarter. Nicola Wealth Management LTD. now owns 51,161 shares of the company’s stock valued at $1,364,000 after acquiring an additional 20,200 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in Essential Properties Realty Trust by 101.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 89,651 shares of the company’s stock worth $2,390,000 after acquiring an additional 45,151 shares during the period. Institutional investors own 96.98% of the company’s stock.

Insider Buying and Selling

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the sale, the chief executive officer now owns 446,076 shares in the company, valued at $14,421,637.08. This trade represents a 5.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EPRT. Truist Financial raised their price target on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Mizuho boosted their price target on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday. Raymond James raised their price objective on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Stifel Nicolaus lifted their target price on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, UBS Group increased their price target on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.37.

Essential Properties Realty Trust Trading Up 0.6 %

NYSE EPRT opened at $32.86 on Friday. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.75 and a beta of 1.37. Essential Properties Realty Trust, Inc. has a 52 week low of $23.01 and a 52 week high of $34.51. The stock’s 50 day moving average price is $33.01 and its two-hundred day moving average price is $30.20. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.27 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 analyst estimates of $109.73 million. During the same quarter in the previous year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is currently 100.87%.

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.