Deutsche Bank AG Decreases Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Deutsche Bank AG reduced its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,689,226 shares of the company’s stock after selling 43,089 shares during the period. Deutsche Bank AG’s holdings in Essential Properties Realty Trust were worth $177,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Crowley Wealth Management Inc. purchased a new position in Essential Properties Realty Trust in the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after purchasing an additional 468 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock worth $37,000 after purchasing an additional 1,119 shares during the period. Quarry LP boosted its holdings in shares of Essential Properties Realty Trust by 439.4% in the fourth quarter. Quarry LP now owns 1,451 shares of the company’s stock worth $45,000 after buying an additional 1,182 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Essential Properties Realty Trust by 275.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock valued at $77,000 after buying an additional 1,802 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock opened at $32.13 on Friday. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 12 month low of $26.07 and a 12 month high of $34.88. The stock has a 50 day moving average of $31.60 and a 200 day moving average of $31.99. The firm has a market cap of $6.35 billion, a PE ratio of 28.18, a PEG ratio of 2.90 and a beta of 1.09.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The business had revenue of $129.35 million during the quarter, compared to analysts’ expectations of $124.88 million. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share. On average, research analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Monday, March 31st. Essential Properties Realty Trust’s payout ratio is 102.61%.

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 30,000 shares of the stock in a transaction 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 sale, the director now owns 218,785 shares in the company, valued at approximately $6,998,932.15. This represents a 12.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EPRT shares. Barclays dropped their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. B. Riley lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and boosted their price target for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Capital One Financial initiated coverage on Essential Properties Realty Trust in a research report on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 price target for the company. Truist Financial lifted their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Scotiabank decreased their target price 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. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.91.

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.