Napa Wealth Management Boosts Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Napa Wealth Management boosted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 22.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,745 shares of the company’s stock after purchasing an additional 1,771 shares during the quarter. Napa Wealth Management’s holdings in Essential Properties Realty Trust were worth $333,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its stake in Essential Properties Realty Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 31,457 shares of the company’s stock worth $839,000 after acquiring an additional 2,164 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Essential Properties Realty Trust by 4.4% in the first quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock valued at $676,561,000 after acquiring an additional 1,060,079 shares during the period. UniSuper Management Pty Ltd grew its position in shares of Essential Properties Realty Trust by 101.5% during the first quarter. UniSuper Management Pty Ltd now owns 89,651 shares of the company’s stock worth $2,390,000 after acquiring an additional 45,151 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Essential Properties Realty Trust by 4.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 263,589 shares of the company’s stock valued at $7,027,000 after acquiring an additional 10,689 shares during the period. Finally, Truvestments Capital LLC raised its position in Essential Properties Realty Trust by 480.4% in the 1st quarter. Truvestments Capital LLC now owns 90,416 shares of the company’s stock valued at $2,410,000 after purchasing an additional 74,839 shares during the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $32.33, for a total transaction of $899,323.61. Following the completion of the transaction, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at $14,421,637.08. This trade represents a 5.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Stock Down 0.0 %

Shares of NYSE EPRT opened at $32.85 on Monday. 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 firm has a 50-day moving average price of $33.01 and a 200 day moving average price of $30.25. Essential Properties Realty Trust, Inc. has a 52 week low of $23.10 and a 52 week high of $34.51. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.73 and a beta of 1.37.

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

Essential Properties Realty Trust Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is currently 100.87%.

Analyst Upgrades and Downgrades

EPRT has been the topic of a number of research reports. Evercore ISI raised their price target on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Scotiabank boosted their target price on Essential Properties Realty Trust from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Raymond James increased their price target on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Wells Fargo & Company dropped their price objective 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, Truist Financial raised their target price on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.37.

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.