Exchange Traded Concepts LLC Sells 14,061 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Exchange Traded Concepts LLC trimmed its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 13.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 89,148 shares of the company’s stock after selling 14,061 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Essential Properties Realty Trust were worth $3,044,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Essential Properties Realty Trust by 63.1% during the third quarter. GAMMA Investing LLC now owns 3,173 shares of the company’s stock worth $108,000 after purchasing an additional 1,228 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Essential Properties Realty Trust by 1,669.8% during the third quarter. Handelsbanken Fonder AB now owns 603,500 shares of the company’s stock worth $20,610,000 after acquiring an additional 569,400 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Essential Properties Realty Trust during the second quarter valued at $622,000. Truist Financial Corp boosted its stake in shares of Essential Properties Realty Trust by 6.1% in the 2nd quarter. Truist Financial Corp now owns 78,649 shares of the company’s stock valued at $2,179,000 after purchasing an additional 4,515 shares during the last quarter. Finally, Quarry LP boosted its stake in Essential Properties Realty Trust by 611.3% in the second quarter. Quarry LP now owns 1,195 shares of the company’s stock valued at $33,000 after acquiring an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the sale, the chief executive officer now owns 446,076 shares of the company’s stock, valued at approximately $14,421,637.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.81% of the stock is currently owned by insiders.

Essential Properties Realty Trust Trading Up 1.6 %

Shares of NYSE:EPRT opened at $33.04 on Tuesday. The company has a market capitalization of $5.79 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.78 and a beta of 1.37. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.90 and a quick ratio of 4.90. The business’s 50 day simple moving average is $32.01 and its 200 day simple moving average is $29.05. Essential Properties Realty Trust, Inc. has a 1 year low of $20.49 and a 1 year high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). The company had revenue of $109.30 million during the quarter, compared to analyst estimates of $102.99 million. Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. On average, research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.51%. Essential Properties Realty Trust’s dividend payout ratio is 94.31%.

Analyst Upgrades and Downgrades

EPRT has been the subject of a number of analyst reports. Wedbush assumed coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They set an “outperform” rating and a $34.00 price objective for the company. Truist Financial boosted their price target on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Raymond James upped their target price on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Stifel Nicolaus raised their price target 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. Finally, Evercore ISI upped their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.75.

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.