Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stock Position Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,648 shares of the company’s stock after purchasing an additional 412 shares during the quarter. State of Alaska Department of Revenue owned 0.10% of Essential Properties Realty Trust worth $5,743,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanderbilt University increased its stake in Essential Properties Realty Trust by 54.3% in the 4th quarter. Vanderbilt University now owns 54,568 shares of the company’s stock valued at $1,707,000 after buying an additional 19,197 shares during the period. abrdn plc raised its holdings in shares of Essential Properties Realty Trust by 63.6% during the fourth quarter. abrdn plc now owns 57,477 shares of the company’s stock worth $1,794,000 after acquiring an additional 22,353 shares in the last quarter. KBC Group NV boosted its position in Essential Properties Realty Trust by 61.1% during the fourth quarter. KBC Group NV now owns 7,750 shares of the company’s stock valued at $242,000 after purchasing an additional 2,940 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Essential Properties Realty Trust by 36.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,411 shares of the company’s stock valued at $388,000 after purchasing an additional 3,334 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after purchasing an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EPRT shares. Barclays lowered 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. UBS Group increased their price target on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Mizuho lifted their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Scotiabank increased their target price 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. Finally, Wells Fargo & Company decreased their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.85.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $31.55 on Friday. The firm’s 50-day moving average is $31.85 and its 200-day moving average is $32.08. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 2.94 and a beta of 1.40. 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, Inc. has a 52-week low of $23.58 and a 52-week high of $34.88.

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.295 dividend. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 3.74%. Essential Properties Realty Trust’s dividend payout ratio is 102.61%.

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.