Essential Properties Realty Trust, Inc. $EPRT Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,124,571 shares of the company’s stock after selling 91,007 shares during the quarter. Thrivent Financial for Lutherans owned about 0.57% of Essential Properties Realty Trust worth $33,468,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of Essential Properties Realty Trust by 159.4% in the 1st quarter. Royal Bank of Canada now owns 74,147 shares of the company’s stock worth $2,420,000 after purchasing an additional 45,561 shares in the last quarter. AQR Capital Management LLC grew its position in Essential Properties Realty Trust by 21.8% in the first quarter. AQR Capital Management LLC now owns 22,244 shares of the company’s stock worth $726,000 after buying an additional 3,981 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Essential Properties Realty Trust by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company’s stock valued at $45,279,000 after buying an additional 195,057 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Essential Properties Realty Trust during the 1st quarter valued at $2,350,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Essential Properties Realty Trust by 5.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,479 shares of the company’s stock worth $398,000 after acquiring an additional 618 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Down 0.9%

Shares of NYSE EPRT opened at $30.09 on Tuesday. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.68. Essential Properties Realty Trust, Inc. has a one year low of $27.44 and a one year high of $33.35. The business has a 50-day moving average price of $30.41 and a two-hundred day moving average price of $30.42. The firm has a market capitalization of $5.96 billion, a PE ratio of 24.27, a PEG ratio of 1.93 and a beta of 0.99.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a $0.31 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.24 annualized dividend and a yield of 4.1%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EPRT shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Essential Properties Realty Trust in a research report on Monday, January 5th. Mizuho lifted their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Scotiabank upped their price objective on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. Barclays reissued an “overweight” rating and issued a $37.00 target price on shares of Essential Properties Realty Trust in a research report on Tuesday, January 13th. Finally, Evercore ISI reduced their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $35.41.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.