Selective Wealth Management Inc. Has $673,000 Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Selective Wealth Management Inc. boosted its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 21,709 shares of the company’s stock after purchasing an additional 395 shares during the quarter. Selective Wealth Management Inc.’s holdings in Essential Properties Realty Trust were worth $673,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Duff & Phelps Investment Management Co. acquired a new position in shares of Essential Properties Realty Trust during the third quarter valued at about $69,473,000. Massachusetts Financial Services Co. MA lifted its position in shares of Essential Properties Realty Trust by 5,380.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,881,960 shares of the company’s stock worth $52,149,000 after acquiring an additional 1,847,618 shares during the period. Adelante Capital Management LLC grew its holdings in shares of Essential Properties Realty Trust by 3,964.9% during the 3rd quarter. Adelante Capital Management LLC now owns 1,111,634 shares of the company’s stock worth $37,962,000 after purchasing an additional 1,084,287 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Essential Properties Realty Trust by 434.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,086,529 shares of the company’s stock valued at $37,105,000 after purchasing an additional 883,053 shares during the period. Finally, APG Asset Management US Inc. acquired a new position in shares of Essential Properties Realty Trust in the second quarter valued at $21,274,000. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock opened at $31.76 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. The firm has a 50 day simple moving average of $32.40 and a 200 day simple moving average of $31.81. Essential Properties Realty Trust, Inc. has a fifty-two week low of $23.58 and a fifty-two week high of $34.88. The firm has a market cap of $5.57 billion, a P/E ratio of 27.61, a P/E/G ratio of 2.80 and a beta of 1.39.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). The firm had revenue of $117.13 million for the quarter, compared to the consensus estimate of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. Sell-side analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 102.61%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EPRT. Truist Financial upped their target price on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Barclays initiated coverage on Essential Properties Realty Trust in a report on Tuesday, December 17th. They issued an “overweight” rating and a $35.94 target price for the company. Scotiabank upped their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. Wells Fargo & Company cut their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Stifel Nicolaus upped their target price 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. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.91.

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.