Point72 Hong Kong Ltd raised its position in Essential Properties Realty Trust Inc (NYSE:EPRT) by 95.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,453 shares of the company’s stock after acquiring an additional 5,594 shares during the period. Point72 Hong Kong Ltd’s holdings in Essential Properties Realty Trust were worth $284,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Essential Properties Realty Trust by 270.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,082 shares of the company’s stock valued at $27,000 after acquiring an additional 790 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new position in Essential Properties Realty Trust during the fourth quarter valued at approximately $30,000. Point72 Asset Management L.P. bought a new position in Essential Properties Realty Trust in the third quarter valued at approximately $37,000. Winslow Evans & Crocker Inc. bought a new position in Essential Properties Realty Trust in the fourth quarter valued at approximately $98,000. Finally, Pinnacle Financial Partners Inc. bought a new position in Essential Properties Realty Trust in the fourth quarter valued at approximately $201,000. 96.29% of the stock is owned by hedge funds and other institutional investors.

Shares of EPRT stock traded up $1.30 during trading on Thursday, reaching $15.12. 2,466,916 shares of the company’s stock were exchanged, compared to its average volume of 1,587,285. Essential Properties Realty Trust Inc has a twelve month low of $6.08 and a twelve month high of $29.34. The firm’s fifty day moving average price is $22.42 and its 200-day moving average price is $24.38. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.29 billion, a PE ratio of 24.00, a PEG ratio of 2.30 and a beta of 0.74.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Monday, March 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.13). Essential Properties Realty Trust had a net margin of 30.03% and a return on equity of 3.83%. The business had revenue of $39.21 million for the quarter, compared to analyst estimates of $38.32 million. As a group, analysts anticipate that Essential Properties Realty Trust Inc will post 1.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Monday, March 30th. Essential Properties Realty Trust’s payout ratio is 146.03%.

A number of equities research analysts have recently issued reports on EPRT shares. Scotiabank initiated coverage on Essential Properties Realty Trust in a research note on Monday, December 16th. They set an “outperform” rating on the stock. Capital One Financial initiated coverage on shares of Essential Properties Realty Trust in a report on Monday, December 16th. They set an “overweight” rating and a $29.00 target price on the stock. Royal Bank of Canada downgraded shares of Essential Properties Realty Trust from a “sector perform” rating to an “underperform” rating and set a $22.00 target price on the stock. in a report on Wednesday, December 18th. ValuEngine raised shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, Credit Suisse Group increased their price target on shares of Essential Properties Realty Trust from $22.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Essential Properties Realty Trust currently has an average rating of “Hold” and an average target price of $24.10.

In related news, Director Scott A. Estes purchased 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of $12.69 per share, for a total transaction of $507,600.00. Following the purchase, the director now owns 42,617 shares in the company, valued at $540,809.73. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

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Institutional Ownership by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

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