Principal Financial Group Inc. Reduces Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Principal Financial Group Inc. reduced its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Rating) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,041,507 shares of the company’s stock after selling 74,175 shares during the period. Principal Financial Group Inc. owned about 0.86% of Essential Properties Realty Trust worth $30,027,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EPRT. Invesco Ltd. lifted its stake in shares of Essential Properties Realty Trust by 53.0% in the 3rd quarter. Invesco Ltd. now owns 4,822,306 shares of the company’s stock valued at $134,640,000 after purchasing an additional 1,669,611 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Essential Properties Realty Trust by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,703,944 shares of the company’s stock valued at $47,575,000 after purchasing an additional 83,459 shares during the period. Brown Advisory Inc. lifted its stake in shares of Essential Properties Realty Trust by 2.1% in the 4th quarter. Brown Advisory Inc. now owns 1,690,825 shares of the company’s stock valued at $48,746,000 after purchasing an additional 35,531 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Essential Properties Realty Trust by 2.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,549,191 shares of the company’s stock valued at $43,253,000 after purchasing an additional 41,129 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Essential Properties Realty Trust by 11.1% in the 3rd quarter. Alliancebernstein L.P. now owns 1,384,912 shares of the company’s stock valued at $38,667,000 after purchasing an additional 138,188 shares during the period. 95.24% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust stock opened at $23.13 on Friday. Essential Properties Realty Trust, Inc. has a 52-week low of $21.47 and a 52-week high of $32.92. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 1.88 and a beta of 1.35. The company has a fifty day simple moving average of $24.76 and a 200-day simple moving average of $26.41. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.53.

Essential Properties Realty Trust (NYSE:EPRTGet Rating) last released its earnings results on Wednesday, February 16th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Essential Properties Realty Trust had a net margin of 42.54% and a return on equity of 5.15%. During the same quarter last year, the business earned $0.27 earnings per share. On average, research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 13th. Investors of record on Thursday, March 31st were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date was Wednesday, March 30th. Essential Properties Realty Trust’s dividend payout ratio is currently 118.18%.

A number of research firms have weighed in on EPRT. LADENBURG THALM/SH SH upped their price objective on shares of Essential Properties Realty Trust from $27.00 to $28.50 in a research report on Tuesday, March 1st. Mizuho cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $35.00 to $28.00 in a research report on Thursday, January 20th. Zacks Investment Research upgraded shares of Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday. Raymond James reduced their price objective on shares of Essential Properties Realty Trust from $34.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, March 11th. Finally, Bank of America cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $31.00 to $30.00 in a research report on Thursday, January 20th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $30.31.

Essential Properties Realty Trust Profile (Get Rating)

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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