QRG Capital Management Inc. Acquires 10,242 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

QRG Capital Management Inc. lifted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 16.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,029 shares of the company’s stock after acquiring an additional 10,242 shares during the period. QRG Capital Management Inc.’s holdings in Essential Properties Realty Trust were worth $2,528,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in Essential Properties Realty Trust by 5,380.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,881,960 shares of the company’s stock worth $52,149,000 after purchasing an additional 1,847,618 shares during the period. Vanguard Group Inc. boosted its position 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 acquiring an additional 1,060,079 shares during the last quarter. APG Asset Management US Inc. purchased a new position in Essential Properties Realty Trust during the second quarter valued at $21,274,000. Handelsbanken Fonder AB increased its holdings in Essential Properties Realty Trust by 1,669.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 603,500 shares of the company’s stock valued at $20,610,000 after acquiring an additional 569,400 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Essential Properties Realty Trust by 29.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,646,742 shares of the company’s stock valued at $45,631,000 after purchasing an additional 372,040 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the transaction, the chief executive officer now directly owns 446,076 shares in the company, valued at $14,421,637.08. This represents a 0.00 % 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.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Truist Financial lifted their target price on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Scotiabank upped their price objective on Essential Properties Realty Trust from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Stifel Nicolaus increased their target price on Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company reduced their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Wedbush started coverage on shares of Essential Properties Realty Trust in a research note on Monday, August 19th. They set an “outperform” rating and a $34.00 price target on the stock. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $32.83.

Essential Properties Realty Trust Trading Down 0.5 %

Shares of EPRT opened at $31.63 on Thursday. The company’s fifty day simple moving average is $32.89 and its 200-day simple moving average is $29.88. The company has a market cap of $5.55 billion, a P/E ratio of 27.50, a P/E/G ratio of 2.69 and a beta of 1.37. 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 twelve month low of $22.32 and a twelve month high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The business had revenue of $117.13 million for the quarter, compared to the consensus estimate of $109.73 million. During the same period in the prior year, the company posted $0.42 EPS. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. As a group, analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is currently 100.87%.

About Essential Properties Realty Trust

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.