Ghisallo Capital Management LLC Sells 62,500 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Ghisallo Capital Management LLC reduced its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,500 shares of the company’s stock after selling 62,500 shares during the period. Ghisallo Capital Management LLC’s holdings in Essential Properties Realty Trust were worth $1,732,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Thoroughbred Financial Services LLC increased its position in Essential Properties Realty Trust by 5.3% during the first quarter. Thoroughbred Financial Services LLC now owns 12,879 shares of the company’s stock worth $343,000 after acquiring an additional 654 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Essential Properties Realty Trust by 0.3% during the 1st quarter. New York State Teachers Retirement System now owns 230,417 shares of the company’s stock worth $6,143,000 after purchasing an additional 658 shares during the period. CWM LLC raised its position in shares of Essential Properties Realty Trust by 122.9% during the second quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after buying an additional 686 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Essential Properties Realty Trust by 7.8% in the second quarter. CIBC Asset Management Inc now owns 10,673 shares of the company’s stock valued at $296,000 after buying an additional 772 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in Essential Properties Realty Trust by 1.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 42,586 shares of the company’s stock worth $1,180,000 after buying an additional 800 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 12,712 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $28.03, for a total value of $356,317.36. Following the completion of the sale, the chief executive officer now owns 500,552 shares of the company’s stock, valued at $14,030,472.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Peter M. Mavoides sold 12,712 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $28.03, for a total value of $356,317.36. Following the transaction, the chief executive officer now owns 500,552 shares in the company, valued at $14,030,472.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at $14,421,637.08. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Stifel Nicolaus upped their price target on Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a report on Thursday, September 26th. UBS Group upped their target price on Essential Properties Realty Trust from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Raymond James lifted their price target on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Wedbush assumed coverage on shares of Essential Properties Realty Trust in a report on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target on the stock. Finally, Evercore ISI raised their price objective on shares of 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.37.

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock opened at $33.51 on Wednesday. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 2.93 and a beta of 1.37. The firm’s 50-day moving average price is $31.49 and its two-hundred day moving average price is $28.62. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 1-year low of $20.49 and a 1-year high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.13). The business had revenue of $109.30 million during the quarter, compared to the consensus estimate of $102.99 million. Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, equities analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 94.31%.

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.