Tudor Investment Corp ET AL Increases Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT

Tudor Investment Corp ET AL lifted its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,187,088 shares of the company’s stock after buying an additional 25,349 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.60% of Essential Properties Realty Trust worth $35,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in Essential Properties Realty Trust during the second quarter worth about $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Essential Properties Realty Trust in the third quarter valued at approximately $46,000. Versant Capital Management Inc increased its stake in shares of Essential Properties Realty Trust by 54.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,867 shares of the company’s stock worth $56,000 after purchasing an additional 656 shares in the last quarter. Danske Bank A S purchased a new position in shares of Essential Properties Realty Trust during the 3rd quarter worth approximately $57,000. Finally, Bayforest Capital Ltd acquired a new position in shares of Essential Properties Realty Trust during the 3rd quarter worth approximately $61,000. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Down 0.3%

EPRT stock opened at $32.60 on Friday. The company has a 50 day moving average price of $31.98 and a two-hundred day moving average price of $30.92. The company has a debt-to-equity ratio of 0.60, a quick ratio of 6.37 and a current ratio of 6.37. The stock has a market capitalization of $6.84 billion, a P/E ratio of 25.47, a PEG ratio of 2.41 and a beta of 0.95. Essential Properties Realty Trust, Inc. has a one year low of $27.44 and a one year high of $34.73.

Essential Properties Realty Trust Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Essential Properties Realty Trust in a report on Friday, February 13th. Barclays reissued an “overweight” rating and issued a $37.00 price target on shares of Essential Properties Realty Trust in a report on Tuesday, January 13th. Mizuho increased their price objective on Essential Properties Realty Trust from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Scotiabank boosted their target price on shares of Essential Properties Realty Trust from $34.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Finally, Evercore restated an “outperform” rating on shares of Essential Properties Realty Trust in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $36.60.

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.