Cetera Trust Company N.A Sells 500 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Cetera Trust Company N.A trimmed its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,775 shares of the company’s stock after selling 500 shares during the quarter. Cetera Trust Company N.A’s holdings in Essential Properties Realty Trust were worth $274,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. 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 acquiring an additional 468 shares during the period. Selective Wealth Management Inc. increased its holdings in shares of Essential Properties Realty Trust by 1.9% during the fourth quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company’s stock worth $673,000 after purchasing an additional 395 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Essential Properties Realty Trust by 145.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 29,150 shares of the company’s stock worth $912,000 after acquiring an additional 17,272 shares during the period. Mendota Financial Group LLC increased its stake in Essential Properties Realty Trust by 27,935.7% during the 4th quarter. Mendota Financial Group LLC now owns 3,925 shares of the company’s stock worth $123,000 after acquiring an additional 3,911 shares during the period. Finally, GAMMA Investing LLC increased its stake in Essential Properties Realty Trust by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 3,935 shares of the company’s stock worth $123,000 after acquiring an additional 762 shares during the period. 96.98% of the stock is owned by institutional investors.

Essential Properties Realty Trust Stock Down 0.1 %

Shares of NYSE EPRT opened at $31.68 on Wednesday. The company has a 50 day simple moving average of $32.35 and a 200 day simple moving average of $31.93. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. Essential Properties Realty Trust, Inc. has a 1 year low of $23.58 and a 1 year high of $34.88. The firm has a market cap of $5.55 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 2.91 and a beta of 1.39.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The business had revenue of $117.13 million for the quarter, compared to analyst estimates of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. Essential Properties Realty Trust’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. On average, research analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.295 per share. 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. This represents a $1.18 annualized dividend and a yield of 3.72%. Essential Properties Realty Trust’s payout ratio is presently 102.61%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EPRT. Wells Fargo & Company decreased their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Barclays initiated coverage on shares of Essential Properties Realty Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $35.94 target price on the stock. Truist Financial raised their target price 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. Scotiabank lifted their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Monday, November 25th. Finally, Mizuho lifted their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $33.91.

About Essential Properties Realty Trust

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.