Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Acquired by Napa Wealth Management

Napa Wealth Management increased its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 22.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,745 shares of the company’s stock after purchasing an additional 1,771 shares during the quarter. Napa Wealth Management’s holdings in Essential Properties Realty Trust were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC acquired a new position in shares of Essential Properties Realty Trust in the second quarter valued at approximately $27,000. Blue Trust Inc. raised its holdings in Essential Properties Realty Trust by 95.2% in the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after acquiring an additional 399 shares during the last quarter. Quarry LP lifted its stake in shares of Essential Properties Realty Trust by 611.3% during the 2nd quarter. Quarry LP now owns 1,195 shares of the company’s stock worth $33,000 after purchasing an additional 1,027 shares during the period. CWM LLC boosted its holdings in shares of Essential Properties Realty Trust by 122.9% during the second quarter. CWM LLC now owns 1,244 shares of the company’s stock worth $34,000 after purchasing an additional 686 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Essential Properties Realty Trust by 116.4% in the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after purchasing an additional 1,046 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Insider Buying and Selling at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 27,817 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at approximately $14,421,637.08. The trade was a 5.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on EPRT. Wells Fargo & Company reduced their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Mizuho increased their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday. Truist Financial raised their target price on shares of 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. Raymond James upped their price target on shares of 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. Finally, Scotiabank lifted their price target on shares of Essential Properties Realty Trust from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Two investment 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 stock presently has an average rating of “Moderate Buy” and an average price target of $33.37.

Essential Properties Realty Trust Stock Down 0.0 %

Shares of Essential Properties Realty Trust stock opened at $32.85 on Monday. Essential Properties Realty Trust, Inc. has a twelve month low of $23.10 and a twelve month high of $34.51. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.73 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. The company has a fifty day moving average price of $33.01 and a 200 day moving average price of $30.25.

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

Essential Properties Realty Trust Announces Dividend

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

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.