2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. raised its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) by 9.
7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 236,689 shares of the company’s stock after purchasing an additional 20,982 shares during the period. Envestnet Asset Management Inc.
owned 0.13% of Essential Properties Realty Trust worth $7,404,000 at the end of the most recent quarter. Other large investors also recently modified their holdings of the company.
Barclays PLC grew its stake in shares of Essential Properties Realty Trust by 118.6% in the third quarter. Barclays PLC now owns 297,989 shares of the company’s stock valued at $10,176,000 after acquiring an additional 161,697 shares in the last quarter.
Truist Financial Corp acquired a new position in shares of Essential Properties Realty Trust during the 4th quarter worth approximately $287,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Essential Properties Realty Trust by 38.6% during the fourth quarter.
Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,169 shares of the company’s stock worth $2,946,000 after purchasing an additional 26,234 shares during the period. JPMorgan Chase & Co. raised its position in shares of Essential Properties Realty Trust by 6.
6% in the third quarter. JPMorgan Chase & Co. now owns 1,594,775 shares of the company’s stock valued at $54,462,000 after buying an additional 98,467 shares in the last quarter.
Finally, Charles Schwab Investment Management Inc. raised its position in shares of Essential Properties Realty Trust by 1.5% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company’s stock valued at $89,866,000 after buying an additional 43,179 shares in the last quarter. 96.
98% of the stock is owned by institutional investors. Essential Properties Realty Trust Stock PerformanceShares of EPRT stock opened at $32.18 on Monday.
The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 2.
90 and a beta of 1.08. The company has a current ratio of 5.
36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59.
The business’s 50-day moving average price is $31.61 and its 200-day moving average price is $32.11.
Essential Properties Realty Trust, Inc. has a 12 month low of $25.30 and a 12 month high of $34.
88. Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.
45 EPS for the quarter, topping the consensus estimate of $0.31 by $0.14.
Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%.
Equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.
Essential Properties Realty Trust Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were issued a $0.295 dividend.
The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.
67%. Essential Properties Realty Trust’s payout ratio is 103.51%.
Insider Buying and SellingIn related news, Director Stephen D. Sautel sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $31.
99, for a total transaction of $959,700.00. Following the completion of the sale, the director now owns 218,785 shares of the company’s stock, valued at $6,998,932.
15. This trade represents a 12.06 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is owned by corporate insiders.
Analysts Set New Price TargetsA number of equities research analysts have issued reports on the stock. Scotiabank reduced their price objective on shares of Essential Properties Realty Trust from $33.00 to $32.
00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Capital One Financial began coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an “overweight” rating and a $35.
00 price target on the stock. B. Riley downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $29.
50 to $33.50 in a research report on Wednesday, February 19th. Finally, Barclays reduced their target price on Essential Properties Realty Trust from $36.
00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock.
According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.91.
Read Our Latest Stock Analysis on EPRTEssential Properties Realty Trust Profile (Free Report)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.Recommended StoriesFive stocks we like better than Essential Properties Realty TrustWhat is the FTSE 100 index? With a 60%+ Upside, There’s Plenty to Love About LovesacESG Stocks, What Investors Should KnowJ.
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