Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Purchased by Barclays PLC

Barclays PLC lifted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 118.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 297,989 shares of the company’s stock after purchasing an additional 161,697 shares during the quarter. Barclays PLC’s holdings in Essential Properties Realty Trust were worth $10,176,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EPRT. Blue Trust Inc. grew its holdings in Essential Properties Realty Trust by 95.2% in the third quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after purchasing an additional 399 shares during the period. Harvest Fund Management Co. Ltd lifted its position in shares of Essential Properties Realty Trust by 8.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company’s stock valued at $233,000 after buying an additional 542 shares in the last quarter. Creative Planning grew its stake in Essential Properties Realty Trust by 4.3% in the 3rd quarter. Creative Planning now owns 13,450 shares of the company’s stock valued at $459,000 after acquiring an additional 558 shares during the period. First Trust Direct Indexing L.P. increased its holdings in Essential Properties Realty Trust by 8.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,890 shares of the company’s stock worth $269,000 after acquiring an additional 597 shares in the last quarter. Finally, CWM LLC raised its position in Essential Properties Realty Trust by 122.9% during the second quarter. CWM LLC now owns 1,244 shares of the company’s stock worth $34,000 after acquiring an additional 686 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock opened at $32.84 on Tuesday. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average price of $33.06 and a 200 day moving average price of $31.19. Essential Properties Realty Trust, Inc. has a 12-month low of $23.58 and a 12-month high of $34.88. The stock has a market cap of $5.76 billion, a P/E ratio of 28.56, a PEG ratio of 2.74 and a beta of 1.38.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.16). Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The business had revenue of $117.13 million during the quarter, compared to analysts’ expectations of $109.73 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue was up 27.8% on a year-over-year basis. Sell-side analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a $0.295 dividend. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Tuesday, December 31st. Essential Properties Realty Trust’s payout ratio is 102.61%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EPRT. Evercore ISI lifted their target price on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Scotiabank lifted their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Stifel Nicolaus increased their target price on Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft started coverage on Essential Properties Realty Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price target on the stock. Finally, 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 report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $33.77.

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.