Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,468,922 shares of the company’s stock after purchasing an additional 118,927 shares during the period. Geode Capital Management LLC’s holdings in Essential Properties Realty Trust were worth $152,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EPRT. State Street Corp increased its position 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 in the last quarter. FMR LLC boosted its stake in shares of Essential Properties Realty Trust by 1.9% during the third 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position 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 worth $96,637,000 after purchasing an additional 141,612 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Essential Properties Realty Trust by 11.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,575,683 shares of the company’s stock valued at $71,372,000 after purchasing an additional 264,052 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Essential Properties Realty Trust by 33.0% in 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 in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

EPRT opened at $32.84 on Tuesday. The company has a 50 day moving average of $33.06 and a two-hundred day moving average of $31.19. 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 quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The company has a market cap of $5.76 billion, a P/E ratio of 28.56, a P/E/G ratio of 2.74 and a beta of 1.38.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.16). The company had revenue of $117.13 million during the quarter, compared to analyst estimates of $109.73 million. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.295 per share. 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 dividend yield of 3.59%. The ex-dividend date is Tuesday, December 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 102.61%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Wedbush began coverage on Essential Properties Realty Trust in a report on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target for the company. Evercore ISI raised their price objective on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company lowered their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Mizuho increased their target price on 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. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.