Handelsbanken Fonder AB Has $21.09 Million Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Handelsbanken Fonder AB increased its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 674,300 shares of the company’s stock after buying an additional 70,800 shares during the period. Handelsbanken Fonder AB owned 0.38% of Essential Properties Realty Trust worth $21,092,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EPRT. Blue Trust Inc. boosted its stake in Essential Properties Realty Trust by 95.2% during the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after purchasing an additional 399 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after purchasing an additional 468 shares during the last quarter. Versant Capital Management Inc boosted its stake in Essential Properties Realty Trust by 215.4% during the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock valued at $38,000 after purchasing an additional 827 shares during the last quarter. Morse Asset Management Inc acquired a new position in Essential Properties Realty Trust during the 3rd quarter valued at about $79,000. Finally, Advisors Asset Management Inc. boosted its stake in Essential Properties Realty Trust by 58.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,218 shares of the company’s stock valued at $110,000 after purchasing an additional 1,189 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Trading Up 0.2 %

NYSE:EPRT opened at $31.88 on Friday. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $5.98 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.91 and a beta of 1.40. The firm’s 50 day moving average is $31.55 and its 200 day moving average is $32.19. Essential Properties Realty Trust, Inc. has a 12 month low of $23.58 and a 12 month high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. Sell-side analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.295 per share. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.70%. Essential Properties Realty Trust’s payout ratio is presently 103.51%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an “overweight” rating and a $35.00 target price on the stock. B. Riley cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $29.50 to $33.50 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $38.00 target price on the stock. Finally, Mizuho lifted their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.55.

About Essential Properties Realty Trust

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.