Hsbc Holdings PLC raised its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Rating) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,234 shares of the company’s stock after purchasing an additional 9,909 shares during the period. Hsbc Holdings PLC owned 0.09% of Essential Properties Realty Trust worth $2,556,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MQS Management LLC grew its stake in Essential Properties Realty Trust by 4.4% during the second quarter. MQS Management LLC now owns 12,618 shares of the company’s stock worth $271,000 after buying an additional 534 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Essential Properties Realty Trust by 6.0% in the third quarter. CIBC Asset Management Inc now owns 10,254 shares of the company’s stock worth $199,000 after acquiring an additional 584 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Essential Properties Realty Trust by 49.6% during the third quarter. Quadrant Capital Group LLC now owns 1,839 shares of the company’s stock worth $36,000 after acquiring an additional 610 shares in the last quarter. Pictet Asset Management SA raised its stake in shares of Essential Properties Realty Trust by 1.3% in the 3rd quarter. Pictet Asset Management SA now owns 52,259 shares of the company’s stock valued at $1,016,000 after purchasing an additional 676 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in Essential Properties Realty Trust by 68.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,697 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares in the last quarter. Institutional investors own 97.19% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Raymond James lifted their target price on Essential Properties Realty Trust from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, December 19th. Citigroup reduced their target price on Essential Properties Realty Trust to $22.00 in a report on Tuesday, November 15th. Truist Financial raised their target price on Essential Properties Realty Trust from $27.00 to $29.00 in a research note on Monday. Stifel Nicolaus boosted their target price on Essential Properties Realty Trust from $26.25 to $26.50 in a research report on Thursday, February 16th. Finally, Mizuho upped their target price on Essential Properties Realty Trust from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, December 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.50.
Essential Properties Realty Trust Stock Performance
Essential Properties Realty Trust Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a $0.275 dividend. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.27. This represents a $1.10 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Thursday, December 29th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 111.11%.
Essential Properties Realty Trust Company Profile
Essential Properties Realty Trust, Inc engages in the acquisition, and management of single-tenant properties that are net leased on a long-term basis to middle-market companies, which operates service-oriented or experience-based businesses. Its portfolio includes the following: Captain D’s, Art Van Furniture, Mister and Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday and White Oak Station.
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