Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,662 shares of the company’s stock after selling 1,816 shares during the quarter. Amalgamated Bank’s holdings in Essential Properties Realty Trust were worth $1,764,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Asset Dedication LLC acquired a new position in Essential Properties Realty Trust during the second quarter worth about $27,000. Blue Trust Inc. boosted its position in Essential Properties Realty Trust by 95.2% during the third quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $28,000 after purchasing an additional 399 shares in the last quarter. Quarry LP boosted its position in shares of Essential Properties Realty Trust by 611.3% in the 2nd quarter. Quarry LP now owns 1,195 shares of the company’s stock worth $33,000 after buying an additional 1,027 shares in the last quarter. CWM LLC grew its position 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 stake in shares of Essential Properties Realty Trust by 116.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock worth $54,000 after purchasing an additional 1,046 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Down 0.8 %

EPRT stock opened at $33.01 on Wednesday. Essential Properties Realty Trust, Inc. has a 52 week low of $22.32 and a 52 week high of $34.51. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 2.81 and a beta of 1.37. 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 business has a fifty day simple moving average of $32.97 and a 200-day simple moving average of $30.12.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The firm had revenue of $117.13 million during the quarter, compared to analysts’ expectations of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. On average, equities research analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust’s payout ratio is currently 100.87%.

Insider Activity at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 27,817 shares of the 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 completion of the sale, the chief executive officer now directly owns 446,076 shares in the company, valued at approximately $14,421,637.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on EPRT. Stifel Nicolaus upped their target price on Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday, September 26th. Raymond James increased their price objective on Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. 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 note on Thursday, October 3rd. Wells Fargo & Company decreased their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, Scotiabank boosted their price objective 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. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $32.83.

Essential Properties Realty Trust Company 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.