Corton Capital Inc. Has $258,000 Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Corton Capital Inc. reduced its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,251 shares of the company’s stock after selling 588 shares during the quarter. Corton Capital Inc.’s holdings in Essential Properties Realty Trust were worth $258,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EPRT. Crowley Wealth Management Inc. acquired a new stake in Essential Properties Realty Trust in the 4th quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Essential Properties Realty Trust by 74.5% during the fourth 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 last quarter. Jones Financial Companies Lllp increased its holdings in shares of Essential Properties Realty Trust by 1,834.4% in the fourth 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 in the last quarter. Quarry LP raised its position in Essential Properties Realty Trust by 439.4% in the 4th quarter. Quarry LP now owns 1,451 shares of the company’s stock worth $45,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Essential Properties Realty Trust by 275.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock worth $77,000 after buying an additional 1,802 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of Essential Properties Realty Trust stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $31.99, for a total value of $959,700.00. Following the sale, the director now 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.77% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Essential Properties Realty Trust Stock Performance

EPRT stock opened at $31.82 on Thursday. Essential Properties Realty Trust, Inc. has a 1-year low of $26.07 and a 1-year high of $34.88. The business’s 50-day moving average price is $31.63 and its two-hundred day moving average price is $32.02. The firm has a market cap of $6.28 billion, a PE ratio of 27.91, a P/E/G ratio of 2.90 and a beta of 1.09. 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 issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 earnings per share (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 analyst estimates of $124.88 million. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. Essential Properties Realty Trust’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 earnings per share. As a group, research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

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

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.