Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC reduced its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,436 shares of the company’s stock after selling 2,078 shares during the period. MetLife Investment Management LLC’s holdings in Essential Properties Realty Trust were worth $3,566,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EPRT. Asset Dedication LLC purchased a new position in shares of Essential Properties Realty Trust in the second quarter valued at approximately $27,000. Blue Trust Inc. lifted its position in shares of Essential Properties Realty Trust by 95.2% in the third quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after acquiring an additional 399 shares in the last quarter. Quarry LP lifted its position in shares of Essential Properties Realty Trust by 611.3% in the second quarter. Quarry LP now owns 1,195 shares of the company’s stock valued at $33,000 after acquiring an additional 1,027 shares in the last quarter. CWM LLC lifted its position in shares of Essential Properties Realty Trust by 122.9% in the second quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after acquiring an additional 686 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Essential Properties Realty Trust by 116.4% in the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after acquiring an additional 1,046 shares in the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Peter M. Mavoides sold 27,817 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the completion of the transaction, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at $14,421,637.08. The trade was a 5.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EPRT. Evercore ISI raised their target price on Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Truist Financial lifted their price objective on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. UBS Group lifted their price objective on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Mizuho lifted their price objective on Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company reduced their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.44.

Essential Properties Realty Trust Price Performance

NYSE:EPRT opened at $33.04 on Wednesday. Essential Properties Realty Trust, Inc. has a 52 week low of $23.58 and a 52 week high of $34.88. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $5.79 billion, a P/E ratio of 28.73, a P/E/G ratio of 2.78 and a beta of 1.38. The stock’s fifty day moving average is $33.17 and its two-hundred day moving average is $30.77.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data 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). Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. The firm had revenue of $117.13 million during the quarter, compared to analyst estimates of $109.73 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.51%. Essential Properties Realty Trust’s payout ratio is presently 100.87%.

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.