34,391 Shares in Essential Properties Realty Trust, Inc. (NYSE:EPRT) Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV bought a new stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,391 shares of the company’s stock, valued at approximately $1,076,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EPRT. Crowley Wealth Management Inc. purchased a new position in shares of Essential Properties Realty Trust in the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB grew its position 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 in 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 worth $37,000 after purchasing an additional 1,119 shares during the last quarter. Quarry LP lifted its position in shares of Essential Properties Realty Trust by 439.4% in the fourth quarter. Quarry LP now owns 1,451 shares of the company’s stock worth $45,000 after buying an additional 1,182 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Essential Properties Realty Trust by 275.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock valued at $77,000 after buying an additional 1,802 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Price Performance

Shares of EPRT stock opened at $32.13 on Friday. The company has a market capitalization of $6.35 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.90 and a beta of 1.09. The company’s 50-day simple moving average is $31.60 and its two-hundred day simple moving average is $31.99. Essential Properties Realty Trust, Inc. has a one year low of $26.07 and a one year high of $34.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT) last announced 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 firm 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 revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS. As a group, equities analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 102.61%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EPRT. Truist Financial upped their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Scotiabank reduced their target price 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. 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 target for the company. Barclays reduced their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, B. Riley lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and raised their price objective for the company from $29.50 to $33.50 in a research note on Wednesday, February 19th. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $34.91.

Insiders Place Their Bets

In other news, Director Stephen D. Sautel sold 30,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 218,785 shares of the company’s stock, valued at approximately $6,998,932.15. This represents a 12.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is owned by company insiders.

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.