Quantbot Technologies LP Grows Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Quantbot Technologies LP lifted its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 88.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,971 shares of the company’s stock after purchasing an additional 44,993 shares during the quarter. Quantbot Technologies LP owned about 0.05% of Essential Properties Realty Trust worth $3,002,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EPRT. Swiss National Bank raised its stake in shares of Essential Properties Realty Trust by 2.7% during the third quarter. Swiss National Bank now owns 342,200 shares of the company’s stock worth $11,686,000 after purchasing an additional 8,900 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Essential Properties Realty Trust by 58.6% during the third quarter. Advisors Asset Management Inc. now owns 3,218 shares of the company’s stock worth $110,000 after purchasing an additional 1,189 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Essential Properties Realty Trust during the third quarter worth approximately $1,658,000. Massachusetts Financial Services Co. MA raised its stake in shares of Essential Properties Realty Trust by 33.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company’s stock worth $85,491,000 after purchasing an additional 621,445 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Essential Properties Realty Trust by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,829,776 shares of the company’s stock worth $96,637,000 after purchasing an additional 141,612 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EPRT shares. Capital One Financial started coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an “overweight” rating and a $35.00 price objective on the stock. B. Riley lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Scotiabank dropped their price objective on Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, Barclays dropped their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.91.

Essential Properties Realty Trust Stock Performance

NYSE EPRT opened at $31.72 on Friday. The business’s 50-day moving average price is $31.70 and its 200 day moving average price is $32.39. Essential Properties Realty Trust, Inc. has a twelve month low of $24.72 and a twelve month high of $34.88. The company has a market capitalization of $5.95 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. On average, research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be issued a $0.295 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.72%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 103.51%.

Insider Transactions at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total value of $406,750.00. Following the transaction, the director now directly owns 178,785 shares in the company, valued at $5,817,663.90. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.81% of the company’s stock.

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.