Mendota Financial Group LLC Purchases 3,911 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Mendota Financial Group LLC raised its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 27,935.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,925 shares of the company’s stock after acquiring an additional 3,911 shares during the period. Mendota Financial Group LLC’s holdings in Essential Properties Realty Trust were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Essential Properties Realty Trust by 1.0% in the 3rd quarter. State Street Corp now owns 10,033,209 shares of the company’s stock worth $345,535,000 after purchasing an additional 96,615 shares during the period. Geode Capital Management LLC increased its position in Essential Properties Realty Trust by 2.7% during the third quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company’s stock valued at $152,642,000 after acquiring an additional 118,927 shares during the last quarter. FMR LLC increased its position in Essential Properties Realty Trust by 1.9% during the third quarter. FMR LLC now owns 4,138,674 shares of the company’s stock valued at $141,336,000 after acquiring an additional 76,475 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Essential Properties Realty Trust by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,829,776 shares of the company’s stock valued at $96,637,000 after acquiring an additional 141,612 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Essential Properties Realty Trust by 11.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,575,683 shares of the company’s stock worth $71,372,000 after acquiring an additional 264,052 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on EPRT. Evercore ISI upped their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Scotiabank upped their target price on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. UBS Group boosted their price objective on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 14th. 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 note on Monday, November 4th. Finally, Mizuho upped their price target 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, November 14th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.91.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock opened at $30.86 on Tuesday. Essential Properties Realty Trust, Inc. has a one year low of $23.58 and a one year high of $34.88. The company has a market capitalization of $5.41 billion, a PE ratio of 26.83, a P/E/G ratio of 3.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59. The company has a 50-day simple moving average of $32.46 and a two-hundred day simple moving average of $31.77.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results 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 net margin of 46.00% and a return on equity of 6.20%. The firm had revenue of $117.13 million for the quarter, compared to analysts’ expectations of $109.73 million. During the same period in the previous year, the company earned $0.42 EPS. The company’s revenue was up 27.8% on a year-over-year basis. Research analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.295 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.82%. Essential Properties Realty Trust’s payout ratio is 102.61%.

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.