Coldstream Capital Management Inc. Acquires New Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Coldstream Capital Management Inc. acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the third quarter, HoldingsChannel.com reports. The fund acquired 6,342 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds also recently made changes to their positions in the company. Asset Dedication LLC acquired a new position in shares of Essential Properties Realty Trust during the second quarter worth about $27,000. Blue Trust Inc. boosted its holdings in Essential Properties Realty Trust by 95.2% in the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after purchasing an additional 399 shares in the last quarter. Quarry LP boosted its holdings in Essential Properties Realty Trust by 611.3% in the 2nd quarter. Quarry LP now owns 1,195 shares of the company’s stock valued at $33,000 after purchasing an additional 1,027 shares in the last quarter. CWM LLC increased its position in Essential Properties Realty Trust by 122.9% during the 2nd quarter. CWM LLC now owns 1,244 shares of the company’s stock worth $34,000 after purchasing an additional 686 shares during the period. Finally, Morse Asset Management Inc purchased a new position in shares of Essential Properties Realty Trust during the 3rd quarter worth approximately $79,000. Institutional investors and hedge funds own 96.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wedbush initiated coverage on Essential Properties Realty Trust in a research note on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target on the stock. Raymond James upped their price target on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Stifel Nicolaus raised their price objective on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday, September 26th. Mizuho boosted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Essential Properties Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $33.77.

Essential Properties Realty Trust Price Performance

Shares of NYSE:EPRT opened at $32.84 on Tuesday. Essential Properties Realty Trust, Inc. has a one year low of $23.58 and a one year high of $34.88. The stock has a market cap of $5.76 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 2.74 and a beta of 1.38. The business’s fifty day moving average price is $33.06 and its two-hundred day moving average price is $31.19. 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 (NYSE:EPRT) last posted its quarterly earnings data 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 company had revenue of $117.13 million for the quarter, compared to analyst estimates of $109.73 million. During the same period in the previous year, the business earned $0.42 EPS. The firm’s revenue was up 27.8% on a year-over-year basis. On average, analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s payout ratio is currently 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.