London Co. of Virginia Has $31.52 Million Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT

London Co. of Virginia decreased its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,059,145 shares of the company’s stock after selling 41,442 shares during the period. London Co. of Virginia’s holdings in Essential Properties Realty Trust were worth $31,520,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EPRT. Lighthouse Investment Partners LLC increased its holdings in shares of Essential Properties Realty Trust by 225.6% during the third quarter. Lighthouse Investment Partners LLC now owns 700,000 shares of the company’s stock worth $20,832,000 after buying an additional 485,000 shares in the last quarter. Clark Capital Management Group Inc. boosted its holdings in shares of Essential Properties Realty Trust by 12.9% during the 3rd quarter. Clark Capital Management Group Inc. now owns 209,003 shares of the company’s stock valued at $6,220,000 after acquiring an additional 23,814 shares in the last quarter. California Public Employees Retirement System grew its position in Essential Properties Realty Trust by 7.3% during the 3rd quarter. California Public Employees Retirement System now owns 337,230 shares of the company’s stock worth $10,036,000 after acquiring an additional 22,905 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Essential Properties Realty Trust during the 3rd quarter worth $408,000. Finally, Algert Global LLC increased its holdings in Essential Properties Realty Trust by 9.9% in the 3rd quarter. Algert Global LLC now owns 169,610 shares of the company’s stock worth $5,048,000 after purchasing an additional 15,230 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Up 0.2%

Shares of NYSE:EPRT opened at $33.00 on Tuesday. The firm has a market cap of $6.92 billion, a P/E ratio of 25.78, a P/E/G ratio of 2.43 and a beta of 0.95. Essential Properties Realty Trust, Inc. has a 12-month low of $27.44 and a 12-month high of $34.73. The business has a fifty day simple moving average of $31.80 and a 200 day simple moving average of $30.88. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.60.

Essential Properties Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Essential Properties Realty Trust in a research report on Friday, February 13th. Barclays restated an “overweight” rating and set a $37.00 price target on shares of Essential Properties Realty Trust in a report on Tuesday, January 13th. Scotiabank upped their price objective on 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Wednesday, January 28th. Finally, Truist Financial lifted their target price on shares of Essential Properties Realty Trust from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.