Bank of Montreal Can Has $21.24 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Bank of Montreal Can increased its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 840.9% during the third quarter, Holdings Channel reports. The institutional investor owned 622,034 shares of the company’s stock after purchasing an additional 555,926 shares during the quarter. Bank of Montreal Can’s holdings in Essential Properties Realty Trust were worth $21,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EPRT. Massachusetts Financial Services Co. MA grew its holdings in shares of Essential Properties Realty Trust by 5,380.1% during 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 in the last quarter. APG Asset Management US Inc. bought a new stake in Essential Properties Realty Trust in the 2nd quarter valued at $21,274,000. Handelsbanken Fonder AB raised its stake in shares of 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 buying an additional 569,400 shares in the last quarter. Thrivent Financial for Lutherans lifted 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 worth $45,631,000 after acquiring an additional 372,040 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Essential Properties Realty Trust by 244.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 427,118 shares of the company’s stock valued at $11,958,000 after acquiring an additional 303,057 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Stock Down 0.6 %

Shares of NYSE:EPRT opened at $34.10 on Friday. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The firm has a market cap of $5.98 billion, a P/E ratio of 29.65, a P/E/G ratio of 2.85 and a beta of 1.37. Essential Properties Realty Trust, Inc. has a 12 month low of $23.49 and a 12 month high of $34.88. The company’s 50-day moving average price is $33.19 and its two-hundred day moving average price is $30.63.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly 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 net margin of 46.00% and a return on equity of 6.20%. The company had revenue of $117.13 million for the quarter, compared to the consensus estimate of $109.73 million. During the same period last year, the company earned $0.42 earnings per share. Essential Properties Realty Trust’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a dividend of $0.29 per share. The ex-dividend date was Monday, September 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.40%. Essential Properties Realty Trust’s payout ratio is currently 100.87%.

Insider Activity

In other news, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction 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. The trade was a 5.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on EPRT. Scotiabank increased their price target on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Raymond James raised their target price on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Stifel Nicolaus upped their price target 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. Mizuho lifted their price objective on Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Wedbush started coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They issued an “outperform” rating and a $34.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.44.

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.