Sheaff Brock Investment Advisors LLC Sells 346 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Sheaff Brock Investment Advisors LLC trimmed its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,943 shares of the company’s stock after selling 346 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Essential Properties Realty Trust were worth $686,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in Essential Properties Realty Trust by 1.0% during the third quarter. State Street Corp now owns 10,033,209 shares of the company’s stock worth $345,535,000 after buying an additional 96,615 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Essential Properties Realty Trust by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company’s stock worth $152,642,000 after acquiring an additional 118,927 shares during the last quarter. FMR LLC lifted its position in Essential Properties Realty Trust by 1.9% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Essential Properties Realty Trust by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,829,776 shares of the company’s stock valued at $96,637,000 after purchasing an additional 141,612 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Essential Properties Realty Trust by 33.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company’s stock valued at $85,491,000 after purchasing an additional 621,445 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

NYSE EPRT opened at $31.26 on Monday. Essential Properties Realty Trust, Inc. has a 52-week low of $23.58 and a 52-week high of $34.88. The company has a 50-day simple moving average of $31.66 and a 200 day simple moving average of $32.14. 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 market capitalization of $5.48 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 2.91 and a beta of 1.40.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. On average, research analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 102.61%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EPRT shares. Capital One Financial started coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 target price on the stock. UBS Group raised their price objective on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Wells Fargo & Company cut their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Mizuho increased their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Barclays lowered their target price on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.25.

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.