GSA Capital Partners LLP Has $1.06 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

GSA Capital Partners LLP raised its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 97.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,997 shares of the company’s stock after purchasing an additional 15,298 shares during the period. GSA Capital Partners LLP’s holdings in Essential Properties Realty Trust were worth $1,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EPRT. Asset Dedication LLC acquired a new position in shares of Essential Properties Realty Trust in the second quarter valued at $27,000. Blue Trust Inc. increased its holdings in shares of Essential Properties Realty Trust by 95.2% in the third quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after purchasing an additional 399 shares during the last quarter. Quarry LP increased its holdings in shares of 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 purchasing an additional 1,027 shares during the last quarter. CWM LLC increased its holdings in shares of Essential Properties Realty Trust by 122.9% in the second quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after purchasing an additional 686 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Essential Properties Realty Trust by 116.4% in the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after purchasing an additional 1,046 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Peter M. Mavoides sold 27,817 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 446,076 shares of the company’s stock, valued at $14,421,637.08. This represents a 5.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.

Essential Properties Realty Trust Stock Up 0.6 %

Shares of NYSE EPRT opened at $32.86 on Friday. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.75 and a beta of 1.37. Essential Properties Realty Trust, Inc. has a 12 month low of $23.01 and a 12 month high of $34.51. The stock has a 50-day moving average price of $33.01 and a two-hundred day moving average price of $30.20.

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). 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%. The firm’s revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. As a group, analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is currently 100.87%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EPRT shares. Wells Fargo & Company reduced their target price on shares of 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. Evercore ISI boosted their target price on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Scotiabank boosted their target price on shares of Essential Properties Realty Trust from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Truist Financial boosted 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 research report on Thursday, October 3rd. Finally, Stifel Nicolaus boosted their target price on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $33.37.

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.