Essential Properties Realty Trust, Inc. $EPRT Shares Purchased by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC boosted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 84.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,188,633 shares of the company’s stock after purchasing an additional 1,003,177 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Essential Properties Realty Trust were worth $65,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. M&G PLC boosted its position in shares of Essential Properties Realty Trust by 8.2% during the 3rd quarter. M&G PLC now owns 6,776 shares of the company’s stock valued at $203,000 after purchasing an additional 514 shares in the last quarter. Virtus Investment Advisers LLC lifted its stake in Essential Properties Realty Trust by 11.5% during the second quarter. Virtus Investment Advisers LLC now owns 5,303 shares of the company’s stock valued at $169,000 after purchasing an additional 549 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Essential Properties Realty Trust by 24.8% during the third quarter. Smartleaf Asset Management LLC now owns 2,861 shares of the company’s stock valued at $85,000 after purchasing an additional 569 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Essential Properties Realty Trust by 1.4% during the second quarter. Lazard Asset Management LLC now owns 43,461 shares of the company’s stock worth $1,386,000 after buying an additional 598 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its holdings in Essential Properties Realty Trust by 7.4% during the second quarter. EP Wealth Advisors LLC now owns 9,144 shares of the company’s stock worth $292,000 after buying an additional 632 shares in the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock opened at $33.02 on Thursday. Essential Properties Realty Trust, Inc. has a fifty-two week low of $27.44 and a fifty-two week high of $34.73. The stock’s 50-day moving average is $31.61 and its two-hundred day moving average is $30.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 6.37 and a quick ratio of 6.37. The firm has a market cap of $6.93 billion, a P/E ratio of 25.80, a PEG ratio of 2.48 and a beta of 0.95.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be issued a $0.31 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.24 dividend on an annualized basis and a yield of 3.8%. Essential Properties Realty Trust’s dividend payout ratio is currently 96.88%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EPRT shares. Evercore reissued an “outperform” rating on shares of Essential Properties Realty Trust in a research note on Tuesday, February 17th. Truist Financial boosted their target price on Essential Properties Realty Trust from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday. Mizuho increased their price target on Essential Properties Realty Trust from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday. Scotiabank lifted their price target on Essential Properties Realty Trust from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd. Finally, Barclays restated an “overweight” rating and set a $37.00 price objective on shares of Essential Properties Realty Trust in a report on Tuesday, January 13th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.56.

About Essential Properties Realty Trust

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.