Prudential Financial Inc. increased its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Rating) by 43.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,902,912 shares of the company’s stock after buying an additional 580,225 shares during the quarter. Prudential Financial Inc. owned 1.34% of Essential Properties Realty Trust worth $37,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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A number of other hedge funds also recently bought and sold shares of EPRT. Wipfli Financial Advisors LLC bought a new stake in Essential Properties Realty Trust in the third quarter valued at approximately $42,000. EverSource Wealth Advisors LLC bought a new stake in Essential Properties Realty Trust in the second quarter valued at approximately $92,000. Captrust Financial Advisors bought a new stake in Essential Properties Realty Trust in the second quarter valued at approximately $137,000. Dynamic Technology Lab Private Ltd bought a new stake in Essential Properties Realty Trust in the first quarter valued at approximately $212,000. Finally, CIBC Asset Management Inc lifted its position in Essential Properties Realty Trust by 6.0% in the third quarter. CIBC Asset Management Inc now owns 10,254 shares of the company’s stock valued at $199,000 after purchasing an additional 584 shares during the last quarter. Institutional investors own 97.19% of the company’s stock.
Analyst Ratings Changes
Several brokerages have weighed in on EPRT. Mizuho boosted their price objective on Essential Properties Realty Trust from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, December 8th. Raymond James upped their target price on Essential Properties Realty Trust from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, December 19th. Citigroup decreased their target price on Essential Properties Realty Trust to $22.00 in a report on Tuesday, November 15th. Finally, Truist Financial decreased their target price on Essential Properties Realty Trust from $28.00 to $25.00 in a report on Friday, November 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.94.
Essential Properties Realty Trust Trading Up 0.5 %
NYSE EPRT opened at $24.33 on Thursday. Essential Properties Realty Trust, Inc. has a 12 month low of $18.88 and a 12 month high of $26.80. The stock has a market cap of $3.46 billion, a P/E ratio of 24.83, a P/E/G ratio of 2.72 and a beta of 1.28. The stock’s fifty day moving average price is $23.40 and its 200-day moving average price is $22.51. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 0.51.
Essential Properties Realty Trust Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.275 dividend. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.27. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend was Thursday, December 29th. Essential Properties Realty Trust’s dividend payout ratio is currently 112.25%.
Essential Properties Realty Trust 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.
Further Reading
Want to see what other hedge funds are holding EPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Rating).
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