Nebula Research & Development LLC Invests $586,000 in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Nebula Research & Development LLC acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,732 shares of the company’s stock, valued at approximately $586,000.

Several other large investors also recently modified their holdings of the stock. Crowley Wealth Management Inc. acquired a new stake in Essential Properties Realty Trust in the 4th quarter valued at $28,000. MassMutual Private Wealth & Trust FSB grew its position in 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 valued at $34,000 after purchasing an additional 468 shares during the period. Jones Financial Companies Lllp grew its position in 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 valued at $37,000 after purchasing an additional 1,119 shares during the period. Versant Capital Management Inc grew its position in Essential Properties Realty Trust by 215.4% in the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock valued at $38,000 after purchasing an additional 827 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Essential Properties Realty Trust by 275.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock valued at $77,000 after purchasing an additional 1,802 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Up 0.2 %

EPRT opened at $31.79 on Tuesday. The company has a 50 day moving average of $31.67 and a 200 day moving average of $32.08. The company has a market cap of $6.28 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a 12 month low of $25.86 and a 12 month high of $34.88. 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 (NYSE:EPRT) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $129.35 million during the quarter, compared to the consensus estimate of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. On average, sell-side analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Monday, March 31st. Essential Properties Realty Trust’s payout ratio is 102.61%.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $31.99, for a total value of $959,700.00. Following the completion of the transaction, the director now directly owns 218,785 shares of the company’s stock, valued at $6,998,932.15. This trade represents a 12.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EPRT. B. Riley downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lifted their price target for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Scotiabank cut their price objective on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Barclays cut their price objective on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Capital One Financial started coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an “overweight” rating and a $35.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $34.91.

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.