First Hawaiian Bank Buys 3,722 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

First Hawaiian Bank raised its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 19.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,312 shares of the company’s stock after acquiring an additional 3,722 shares during the quarter. First Hawaiian Bank’s holdings in Essential Properties Realty Trust were worth $646,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EPRT. EdgeRock Capital LLC bought a new position in Essential Properties Realty Trust in the 4th quarter valued at approximately $26,000. Heritage Wealth Advisors raised its holdings in Essential Properties Realty Trust by 71.4% in the 4th quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock valued at $31,000 after buying an additional 500 shares during the last quarter. Principal Securities Inc. bought a new position in Essential Properties Realty Trust in the 4th quarter valued at approximately $31,000. GAMMA Investing LLC raised its holdings in Essential Properties Realty Trust by 116.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after buying an additional 1,046 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in Essential Properties Realty Trust by 666.8% in the 4th quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock valued at $64,000 after buying an additional 2,167 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Essential Properties Realty Trust from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 18th. The Goldman Sachs Group initiated coverage on shares of Essential Properties Realty Trust in a research report on Friday, June 28th. They set a “buy” rating and a $33.00 target price for the company. Stifel Nicolaus increased their target price on shares of Essential Properties Realty Trust from $31.25 to $32.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Evercore ISI downgraded shares of Essential Properties Realty Trust from an “outperform” rating to an “in-line” rating and increased their target price for the company from $30.00 to $32.00 in a research report on Wednesday, July 17th. Finally, Mizuho increased their target price on shares of Essential Properties Realty Trust from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.38.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 1,200 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total transaction of $33,600.00. Following the transaction, the chief executive officer now directly owns 513,264 shares in the company, valued at approximately $14,371,392. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Peter M. Mavoides sold 12,712 shares of Essential Properties Realty Trust stock in a transaction on Friday, July 5th. The stock was sold at an average price of $28.03, for a total transaction of $356,317.36. Following the sale, the chief executive officer now directly owns 500,552 shares in the company, valued at approximately $14,030,472.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter M. Mavoides sold 1,200 shares of Essential Properties Realty Trust stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total value of $33,600.00. Following the sale, the chief executive officer now owns 513,264 shares in the company, valued at $14,371,392. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,775 shares of company stock worth $964,484. Corporate insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Stock Down 3.5 %

NYSE EPRT traded down $1.02 during mid-day trading on Monday, hitting $28.35. The company’s stock had a trading volume of 2,933,455 shares, compared to its average volume of 1,379,330. The company’s 50 day simple moving average is $28.33 and its 200 day simple moving average is $26.53. Essential Properties Realty Trust, Inc. has a twelve month low of $20.49 and a twelve month high of $31.23. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.26 and a beta of 1.35.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.13). Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The business had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.99 million. During the same period in the previous year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. Analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.69 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, June 28th. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a yield of 4.09%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 94.31%.

Essential Properties Realty Trust 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.