Brasada Capital Management LP cut its stake in Essential Properties Realty Trust Inc (NYSE:EPRT) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,800 shares of the company’s stock after selling 800 shares during the period. Brasada Capital Management LP owned approximately 0.07% of Essential Properties Realty Trust worth $1,508,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new stake in Essential Properties Realty Trust in the 3rd quarter worth approximately $37,000. Pacer Advisors Inc. grew its stake in Essential Properties Realty Trust by 76.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,789 shares of the company’s stock worth $41,000 after acquiring an additional 777 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Essential Properties Realty Trust in the 3rd quarter worth approximately $48,000. Harvest Fund Management Co. Ltd purchased a new stake in Essential Properties Realty Trust in the 2nd quarter worth approximately $50,000. Finally, Price Capital Management Inc. purchased a new stake in Essential Properties Realty Trust in the 3rd quarter worth approximately $64,000.

Shares of NYSE:EPRT traded down $0.30 during midday trading on Tuesday, hitting $25.68. 33,586 shares of the company’s stock traded hands, compared to its average volume of 1,029,581. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.82 and a current ratio of 2.82. The company has a market cap of $2.18 billion, a PE ratio of 44.07 and a beta of 0.39. The firm’s fifty day moving average price is $25.29 and its two-hundred day moving average price is $23.40. Essential Properties Realty Trust Inc has a twelve month low of $14.16 and a twelve month high of $27.10.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Essential Properties Realty Trust had a return on equity of 3.33% and a net margin of 25.70%. The firm had revenue of $36.29 million during the quarter, compared to analyst estimates of $34.78 million. As a group, equities research analysts anticipate that Essential Properties Realty Trust Inc will post 1.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.23 dividend. The ex-dividend date is Monday, December 30th. This represents a $0.92 dividend on an annualized basis and a yield of 3.58%. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.22.

A number of equities analysts have weighed in on EPRT shares. ValuEngine lowered shares of Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Stifel Nicolaus lifted their price target on shares of Essential Properties Realty Trust from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Zacks Investment Research lowered shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada lowered shares of Essential Properties Realty Trust from a “sector perform” rating to an “underperform” rating and set a $22.00 price target on the stock. in a report on Wednesday, December 18th. Finally, Barclays restated a “hold” rating and set a $22.00 target price on shares of Essential Properties Realty Trust in a report on Sunday, October 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $22.48.

About Essential Properties Realty Trust

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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

See Also: Do You Need a Fiduciary?

Institutional Ownership by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

Receive News & Ratings for Essential Properties Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Properties Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.