B&I Capital AG Raises Holdings in Essential Properties Realty Trust, Inc. $EPRT

B&I Capital AG increased its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,784 shares of the company’s stock after buying an additional 22,740 shares during the period. Essential Properties Realty Trust accounts for about 2.3% of B&I Capital AG’s investment portfolio, making the stock its 20th biggest position. B&I Capital AG owned about 0.11% of Essential Properties Realty Trust worth $6,749,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new stake in Essential Properties Realty Trust in the 2nd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Essential Properties Realty Trust in the second quarter worth $44,000. Salomon & Ludwin LLC bought a new stake in Essential Properties Realty Trust in the third quarter worth $46,000. Versant Capital Management Inc lifted its position 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 during the last quarter. Finally, Bayforest Capital Ltd bought a new position in Essential Properties Realty Trust during the third quarter valued at $61,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating on shares of Essential Properties Realty Trust in a report on Monday, January 5th. Mizuho upped 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. Berenberg Bank assumed coverage on Essential Properties Realty Trust in a research note on Monday, October 13th. They issued a “buy” rating and a $36.00 price objective for the company. Barclays reissued an “overweight” rating and set a $37.00 target price on shares of Essential Properties Realty Trust in a research report on Tuesday, January 13th. Finally, Scotiabank increased their price target on Essential Properties Realty Trust from $33.00 to $34.00 and gave the company a “sector perform” rating in a report on Tuesday, November 25th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $35.41.

Essential Properties Realty Trust Stock Up 1.2%

Shares of NYSE:EPRT opened at $30.40 on Friday. The firm has a market capitalization of $6.02 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.91 and a beta of 0.99. The business has a 50 day simple moving average of $30.44 and a two-hundred day simple moving average of $30.44. Essential Properties Realty Trust, Inc. has a 1 year low of $27.44 and a 1 year high of $33.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.66 and a quick ratio of 5.66.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were given a $0.31 dividend. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.24 annualized dividend and a yield of 4.1%. Essential Properties Realty Trust’s dividend payout ratio is currently 100.00%.

About Essential Properties Realty Trust

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.