Elo Mutual Pension Insurance Co Grows Position in Essential Properties Realty Trust, Inc. $EPRT

Elo Mutual Pension Insurance Co raised its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 104.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 60,838 shares of the company’s stock after purchasing an additional 31,143 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Essential Properties Realty Trust were worth $1,811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPRT. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Essential Properties Realty Trust during the 2nd quarter valued at about $26,000. Salomon & Ludwin LLC bought a new stake in Essential Properties Realty Trust during the 3rd quarter worth approximately $46,000. Versant Capital Management Inc lifted its holdings in Essential Properties Realty Trust by 54.2% during the third quarter. Versant Capital Management Inc now owns 1,867 shares of the company’s stock valued at $56,000 after purchasing an additional 656 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of Essential Properties Realty Trust in the third quarter worth approximately $61,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Essential Properties Realty Trust by 24.8% in the third quarter. Smartleaf Asset Management LLC now owns 2,861 shares of the company’s stock worth $85,000 after purchasing an additional 569 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on EPRT shares. Weiss Ratings restated a “buy (b-)” rating on shares of Essential Properties Realty Trust in a research report on Wednesday, January 28th. Cantor Fitzgerald reissued an “overweight” rating on shares of Essential Properties Realty Trust in a report on Friday, February 13th. Mizuho boosted their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Scotiabank increased their target price on Essential Properties Realty Trust from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Monday. Finally, Evercore reissued an “outperform” rating on shares of Essential Properties Realty Trust in a report on Tuesday, February 17th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Essential Properties Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $35.78.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock opened at $34.58 on Thursday. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $34.73. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $31.20 and a 200-day moving average price of $30.74. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.54 and a beta of 0.95.

Essential Properties Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. Essential Properties Realty Trust’s dividend payout ratio is presently 96.88%.

Essential Properties Realty Trust Profile

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.