Nicola Wealth Management LTD. Buys 3,100 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Nicola Wealth Management LTD. increased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 8.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,061 shares of the company’s stock after purchasing an additional 3,100 shares during the period. Nicola Wealth Management LTD.’s holdings in Essential Properties Realty Trust were worth $1,402,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EPRT. Metis Global Partners LLC raised its stake in shares of Essential Properties Realty Trust by 29.7% in the third quarter. Metis Global Partners LLC now owns 18,052 shares of the company’s stock worth $616,000 after purchasing an additional 4,133 shares during the last quarter. KBC Group NV raised its holdings in shares of Essential Properties Realty Trust by 30.9% in the third quarter. KBC Group NV now owns 4,810 shares of the company’s stock valued at $164,000 after purchasing an additional 1,136 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Essential Properties Realty Trust by 5.9% during the third quarter. Victory Capital Management Inc. now owns 1,506,759 shares of the company’s stock valued at $51,456,000 after purchasing an additional 83,565 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in Essential Properties Realty Trust by 25.2% during the third quarter. Aptus Capital Advisors LLC now owns 190,631 shares of the company’s stock worth $6,510,000 after purchasing an additional 38,380 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Essential Properties Realty Trust by 26.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,424 shares of the company’s stock worth $8,347,000 after purchasing an additional 51,196 shares in the last quarter. 96.98% of the stock is owned by institutional investors.

Essential Properties Realty Trust Stock Down 0.4 %

Essential Properties Realty Trust stock traded down $0.14 during mid-day trading on Thursday, hitting $32.92. The company had a trading volume of 99,774 shares, compared to its average volume of 1,340,081. Essential Properties Realty Trust, Inc. has a 12 month low of $23.01 and a 12 month high of $34.51. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average price is $32.99 and its two-hundred day moving average price is $30.14. The company has a market capitalization of $5.77 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.74 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.16). The firm had revenue of $117.13 million for the quarter, compared to analysts’ expectations of $109.73 million. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. As a group, sell-side analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s payout ratio is 100.87%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EPRT shares. UBS Group upped their price objective on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James lifted their price objective on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Stifel Nicolaus raised their price objective on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a report on Thursday, September 26th. Mizuho boosted their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Wedbush began coverage on Essential Properties Realty Trust in a research note on Monday, August 19th. They issued an “outperform” rating and a $34.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $33.37.

Insider Activity

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the transaction, the chief executive officer now directly owns 446,076 shares in the company, valued at $14,421,637.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.81% of the company’s stock.

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.