Clark Capital Management Group Inc. Acquires 23,814 Shares of Essential Properties Realty Trust, Inc. $EPRT

Clark Capital Management Group Inc. lifted its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 12.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 209,003 shares of the company’s stock after acquiring an additional 23,814 shares during the period. Clark Capital Management Group Inc.’s holdings in Essential Properties Realty Trust were worth $6,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Essential Properties Realty Trust by 8.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,284,712 shares of the company’s stock valued at $104,815,000 after acquiring an additional 267,226 shares during the last quarter. AlphaQuest LLC bought a new position in Essential Properties Realty Trust during the 3rd quarter worth approximately $1,242,000. Exchange Traded Concepts LLC increased its holdings in shares of Essential Properties Realty Trust by 139.6% in the third quarter. Exchange Traded Concepts LLC now owns 118,698 shares of the company’s stock worth $3,532,000 after acquiring an additional 69,157 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Essential Properties Realty Trust by 2,890.8% in the second quarter. Allworth Financial LP now owns 22,192 shares of the company’s stock worth $708,000 after acquiring an additional 21,450 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Essential Properties Realty Trust by 5.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,378,414 shares of the company’s stock worth $70,782,000 after purchasing an additional 115,567 shares during the period. 96.98% of the stock is owned by institutional investors.

Essential Properties Realty Trust Trading Down 0.2%

NYSE:EPRT opened at $32.95 on Monday. The company has a market cap of $6.91 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 2.43 and a beta of 0.95. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $34.73. The business has a 50 day moving average price of $31.74 and a two-hundred day moving average price of $30.87. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.60.

Essential Properties Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.31 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.24 annualized dividend and a yield of 3.8%. Essential Properties Realty Trust’s dividend payout ratio is presently 96.88%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EPRT shares. Truist Financial boosted their price objective on Essential Properties Realty Trust from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Wednesday, January 28th. Mizuho lifted their price target on shares of Essential Properties Realty Trust from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Scotiabank upped their price target on shares of Essential Properties Realty Trust from $34.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Finally, Evercore reissued an “outperform” rating on shares of Essential Properties Realty Trust in a research report on Tuesday, February 17th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.56.

Essential Properties Realty Trust Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.