Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stock Position Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 281,635 shares of the company’s stock after selling 4,659 shares during the quarter. Nisa Investment Advisors LLC owned about 0.16% of Essential Properties Realty Trust worth $8,894,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. grew its position in Essential Properties Realty Trust by 1.9% in the fourth quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company’s stock worth $673,000 after acquiring an additional 395 shares in the last quarter. Blue Trust Inc. boosted 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 worth $28,000 after purchasing an additional 399 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Essential Properties Realty Trust by 74.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after buying an additional 468 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Essential Properties Realty Trust by 8.6% during the third 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. Finally, Creative Planning raised its holdings in Essential Properties Realty Trust by 4.3% during the third quarter. Creative Planning now owns 13,450 shares of the company’s stock valued at $459,000 after buying an additional 558 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on EPRT shares. Stifel Nicolaus increased their price objective 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. Barclays initiated coverage on shares of Essential Properties Realty Trust in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $35.94 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They set a “buy” rating and a $38.00 price objective for the company. Mizuho boosted their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Truist Financial upped their price target on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.91.

Essential Properties Realty Trust Price Performance

Shares of EPRT stock opened at $31.30 on Friday. Essential Properties Realty Trust, Inc. has a 12 month low of $23.58 and a 12 month high of $34.88. The company has a market capitalization of $5.49 billion, a P/E ratio of 27.22, a P/E/G ratio of 2.94 and a beta of 1.39. The stock has a 50 day moving average of $32.28 and a two-hundred day moving average of $31.92. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.27 EPS 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 firm had revenue of $117.13 million during the quarter, compared to the consensus estimate of $109.73 million. During the same period last year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.77%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s payout ratio is presently 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.