State of New Jersey Common Pension Fund D Cuts Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

State of New Jersey Common Pension Fund D lowered its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,575 shares of the company’s stock after selling 5,719 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Essential Properties Realty Trust were worth $2,020,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Essential Properties Realty Trust by 95.2% during the third quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $28,000 after purchasing an additional 399 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after buying an additional 468 shares in the last quarter. Versant Capital Management Inc increased its stake in Essential Properties Realty Trust by 215.4% during the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock worth $38,000 after buying an additional 827 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Essential Properties Realty Trust during the third quarter worth approximately $79,000. Finally, Advisors Asset Management Inc. increased its position in shares of Essential Properties Realty Trust by 58.6% during the third quarter. Advisors Asset Management Inc. now owns 3,218 shares of the company’s stock worth $110,000 after purchasing an additional 1,189 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Up 0.2 %

EPRT opened at $31.88 on Monday. Essential Properties Realty Trust, Inc. has a 52 week low of $23.58 and a 52 week high of $34.88. The business has a fifty day simple moving average of $31.55 and a 200-day simple moving average of $32.23. The firm has a market cap of $5.98 billion, a P/E ratio of 27.96, a P/E/G ratio of 2.90 and a beta of 1.40. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. On average, equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.295 per share. The ex-dividend date was Tuesday, December 31st. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a yield of 3.70%. Essential Properties Realty Trust’s dividend payout ratio is 103.51%.

Analyst Ratings Changes

EPRT has been the subject of several research reports. Scotiabank boosted their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Capital One Financial started coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They set an “overweight” rating and a $35.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 11th. They set a “buy” rating and a $38.00 price objective for the company. Wells Fargo & Company dropped their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Barclays dropped their price target on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $34.55.

Essential Properties Realty Trust Company 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.