Pensionfund DSM Netherlands grew its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,500 shares of the company’s stock after buying an additional 8,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Essential Properties Realty Trust were worth $1,589,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EPRT. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Essential Properties Realty Trust in the fourth quarter valued at $34,000. Cerity Partners LLC acquired a new position in Essential Properties Realty Trust in the first quarter valued at $892,000. M&R Capital Management Inc. boosted its holdings in Essential Properties Realty Trust by 2,238.0% in the first quarter. M&R Capital Management Inc. now owns 2,338 shares of the company’s stock valued at $58,000 after acquiring an additional 2,238 shares during the last quarter. Ellevest Inc. boosted its holdings in Essential Properties Realty Trust by 177.9% in the fourth quarter. Ellevest Inc. now owns 2,340 shares of the company’s stock valued at $55,000 after acquiring an additional 1,498 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Essential Properties Realty Trust by 193.0% in the first quarter. Tower Research Capital LLC TRC now owns 3,539 shares of the company’s stock valued at $88,000 after acquiring an additional 2,331 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Stifel Nicolaus cut their price objective on Essential Properties Realty Trust from $27.75 to $27.25 in a research report on Thursday, April 27th. BNP Paribas assumed coverage on Essential Properties Realty Trust in a research report on Wednesday, June 14th. They issued an “outperform” rating and a $29.00 price objective on the stock. Finally, Raymond James raised their price objective on Essential Properties Realty Trust from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, April 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $26.69.

Essential Properties Realty Trust Stock Up 0.2 %

Shares of NYSE EPRT traded up $0.04 during midday trading on Monday, reaching $24.54. 1,369,034 shares of the company’s stock were exchanged, compared to its average volume of 934,813. Essential Properties Realty Trust, Inc. has a 52-week low of $18.88 and a 52-week high of $26.43. The stock has a market capitalization of $3.83 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 3.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.77 and a current ratio of 3.77. The business’s fifty day moving average price is $24.31 and its two-hundred day moving average price is $24.58.

Essential Properties Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $0.28 dividend. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Thursday, June 29th. Essential Properties Realty Trust’s payout ratio is currently 97.39%.

About Essential Properties Realty Trust

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report).

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