Essential Properties Realty Trust, Inc. $EPRT Position Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 7.5% during the third quarter, HoldingsChannel.com reports. The firm owned 1,124,571 shares of the company’s stock after selling 91,007 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Essential Properties Realty Trust were worth $33,468,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Essential Properties Realty Trust during the 2nd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in Essential Properties Realty Trust during the second quarter valued at approximately $44,000. Salomon & Ludwin LLC acquired a new stake in Essential Properties Realty Trust in the third quarter valued at approximately $46,000. Versant Capital Management Inc lifted its stake in Essential Properties Realty Trust by 54.2% in the third quarter. Versant Capital Management Inc now owns 1,867 shares of the company’s stock valued at $56,000 after acquiring an additional 656 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in Essential Properties Realty Trust in the third quarter worth approximately $61,000. 96.98% of the stock is owned by institutional investors and hedge funds.

Essential Properties Realty Trust Price Performance

Shares of NYSE:EPRT opened at $30.09 on Tuesday. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $30.41 and a 200 day moving average price of $30.42. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.93 and a beta of 0.99. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $33.35.

Essential Properties Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.1%. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, December 31st. Essential Properties Realty Trust’s payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EPRT shares. Mizuho raised their price target on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Stifel Nicolaus set a $36.00 price target on Essential Properties Realty Trust in a research report on Thursday, October 23rd. Barclays reissued an “overweight” rating and set a $37.00 price objective on shares of Essential Properties Realty Trust in a report on Tuesday, January 13th. Evercore ISI reduced their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Essential Properties Realty Trust in a research report on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.41.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.