Quantbot Technologies LP Sells 224,981 Shares of Essential Properties Realty Trust, Inc. $EPRT

Quantbot Technologies LP trimmed its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 80.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,239 shares of the company’s stock after selling 224,981 shares during the quarter. Quantbot Technologies LP’s holdings in Essential Properties Realty Trust were worth $1,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently 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 $26,000. Salomon & Ludwin LLC purchased a new stake in shares of Essential Properties Realty Trust during the third quarter worth about $46,000. Versant Capital Management Inc grew its stake in shares of Essential Properties Realty Trust by 54.2% in the third quarter. Versant Capital Management Inc now owns 1,867 shares of the company’s stock worth $56,000 after purchasing an additional 656 shares during the last quarter. Bayforest Capital Ltd purchased a new position in Essential Properties Realty Trust during the 3rd quarter valued at about $61,000. Finally, Smartleaf Asset Management LLC raised its position in Essential Properties Realty Trust by 24.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,861 shares of the company’s stock valued at $85,000 after purchasing an additional 569 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock opened at $34.58 on Thursday. The company’s fifty day moving average price is $31.20 and its 200-day moving average price is $30.74. The stock has a market cap of $7.26 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.54 and a beta of 0.95. The company has a current ratio of 6.37, a quick ratio of 6.37 and a debt-to-equity ratio of 0.60. Essential Properties Realty Trust, Inc. has a 12 month low of $27.44 and a 12 month high of $34.73.

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 issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.6%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, December 31st. Essential Properties Realty Trust’s dividend payout ratio is currently 96.88%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EPRT shares. Evercore reiterated an “outperform” rating on shares of Essential Properties Realty Trust in a research report on Tuesday, February 17th. Mizuho lifted their price target on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Barclays reissued an “overweight” rating and set a $37.00 price objective on shares of Essential Properties Realty Trust in a research report on Tuesday, January 13th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Essential Properties Realty Trust in a research report on Friday, February 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Essential Properties Realty Trust in a research report on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.78.

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.