Mitsubishi UFJ Trust & Banking Corp Buys 1,779 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Rating) by 218.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,594 shares of the company’s stock after purchasing an additional 1,779 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Essential Properties Realty Trust were worth $75,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Schroder Investment Management Group boosted its stake in shares of Essential Properties Realty Trust by 1,374.9% during the 3rd quarter. Schroder Investment Management Group now owns 5,590 shares of the company’s stock worth $156,000 after acquiring an additional 5,211 shares during the period. Point72 Hong Kong Ltd raised its holdings in shares of Essential Properties Realty Trust by 231.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 8,152 shares of the company’s stock worth $228,000 after buying an additional 5,693 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Essential Properties Realty Trust by 9.5% during the 4th quarter. M&T Bank Corp now owns 8,432 shares of the company’s stock worth $243,000 after buying an additional 733 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Essential Properties Realty Trust during the 3rd quarter worth $247,000. Finally, Van ECK Associates Corp increased its holdings in Essential Properties Realty Trust by 72.7% in the 4th quarter. Van ECK Associates Corp now owns 9,428 shares of the company’s stock worth $272,000 after purchasing an additional 3,969 shares in the last quarter. 95.24% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. Raymond James cut their target price on Essential Properties Realty Trust from $34.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, March 11th. LADENBURG THALM/SH SH increased their price objective on Essential Properties Realty Trust from $27.00 to $28.50 in a research note on Tuesday, March 1st. Zacks Investment Research raised Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday. Mizuho lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $28.00 in a report on Thursday, January 20th. Finally, Bank of America lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $31.00 to $30.00 in a report on Thursday, January 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Essential Properties Realty Trust has an average rating of “Buy” and an average price target of $30.31.

NYSE:EPRT opened at $23.13 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.20 and a quick ratio of 3.20. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.89 and a beta of 1.35. Essential Properties Realty Trust, Inc. has a one year low of $21.47 and a one year high of $32.92. The business has a fifty day moving average price of $24.76 and a 200-day moving average price of $26.41.

Essential Properties Realty Trust (NYSE:EPRTGet Rating) last issued its earnings results on Wednesday, February 16th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Essential Properties Realty Trust had a return on equity of 5.15% and a net margin of 42.54%. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, equities research analysts expect that Essential Properties Realty Trust, Inc. will post 1.55 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 13th. Investors of record on Thursday, March 31st were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 30th. This represents a $1.04 annualized dividend and a yield of 4.50%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 118.18%.

Essential Properties Realty Trust Company Profile (Get Rating)

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.

Further Reading

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

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