Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Purchased by Meritage Portfolio Management

Meritage Portfolio Management boosted its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1,101.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,434 shares of the company’s stock after purchasing an additional 154,410 shares during the period. Meritage Portfolio Management owned approximately 0.10% of Essential Properties Realty Trust worth $5,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EPRT. Blue Trust Inc. increased its position in shares of Essential Properties Realty Trust by 95.2% during the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $28,000 after purchasing an additional 399 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Essential Properties Realty Trust during the second quarter valued at about $27,000. Quarry LP raised its stake 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 valued at $33,000 after acquiring an additional 1,027 shares during the period. CWM LLC raised its stake in shares of Essential Properties Realty Trust by 122.9% in the 2nd quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after acquiring an additional 686 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Essential Properties Realty Trust by 116.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock worth $54,000 after acquiring an additional 1,046 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EPRT shares. Evercore ISI boosted their target price on 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. UBS Group boosted their price target on shares of Essential Properties Realty Trust from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company reduced 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 report on Monday, November 4th. Truist Financial raised their price target 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, Wedbush started coverage on Essential Properties Realty Trust in a research report on Monday, August 19th. They set an “outperform” rating and a $34.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

Insiders Place Their Bets

In other news, CEO Peter M. Mavoides sold 27,817 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $14,421,637.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Stock Up 3.1 %

Shares of EPRT traded up $1.00 during mid-day trading on Friday, reaching $33.09. The company’s stock had a trading volume of 2,591,511 shares, compared to its average volume of 1,115,729. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. Essential Properties Realty Trust, Inc. has a 12-month low of $22.32 and a 12-month high of $34.51. The stock has a market cap of $5.80 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 2.69 and a beta of 1.37. The company’s 50 day moving average is $32.92 and its 200 day moving average is $29.99.

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

Essential Properties Realty Trust Announces Dividend

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

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.