Great West Life Assurance Co. Can Acquires Shares of 232,190 Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Great West Life Assurance Co. Can acquired a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Rating) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 232,190 shares of the company’s stock, valued at approximately $4,516,000.

A number of other large investors also recently modified their holdings of EPRT. Cetera Advisor Networks LLC increased its position in shares of Essential Properties Realty Trust by 49.1% in the 1st quarter. Cetera Advisor Networks LLC now owns 10,705 shares of the company’s stock valued at $271,000 after purchasing an additional 3,525 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Essential Properties Realty Trust by 55.0% in the 1st quarter. MetLife Investment Management LLC now owns 65,949 shares of the company’s stock valued at $1,669,000 after purchasing an additional 23,396 shares during the last quarter. Rhumbline Advisers increased its position in shares of Essential Properties Realty Trust by 2.3% in the 1st quarter. Rhumbline Advisers now owns 357,906 shares of the company’s stock valued at $9,055,000 after purchasing an additional 8,022 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Essential Properties Realty Trust by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 19,944,341 shares of the company’s stock valued at $504,592,000 after purchasing an additional 788,670 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Essential Properties Realty Trust by 44.3% in the 1st quarter. Mackenzie Financial Corp now owns 11,836 shares of the company’s stock valued at $299,000 after buying an additional 3,633 shares in the last quarter. 97.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Mizuho upped their target price on shares of Essential Properties Realty Trust from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, December 8th. Evercore ISI lowered their target price on shares of Essential Properties Realty Trust from $26.00 to $24.00 in a report on Tuesday, September 27th. Raymond James upped their target price on shares of Essential Properties Realty Trust from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, December 19th. Citigroup lowered their target price on shares of Essential Properties Realty Trust to $22.00 in a report on Tuesday, November 15th. Finally, Truist Financial lowered their target price on shares of Essential Properties Realty Trust from $28.00 to $25.00 in a report on Friday, November 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.94.

Essential Properties Realty Trust Stock Down 1.1 %

Shares of NYSE:EPRT opened at $24.10 on Monday. The stock has a market cap of $3.43 billion, a P/E ratio of 24.59, a P/E/G ratio of 2.71 and a beta of 1.28. The firm has a fifty day moving average price of $23.28 and a 200 day moving average price of $22.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 7.58 and a quick ratio of 7.58. Essential Properties Realty Trust, Inc. has a 1-year low of $18.88 and a 1-year high of $26.80.

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.56%. The ex-dividend date was Thursday, December 29th. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.27. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 112.25%.

Essential Properties Realty Trust Profile

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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.

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

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