Proficio Capital Partners LLC Invests $346,000 in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Proficio Capital Partners LLC acquired a new position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,073 shares of the company's stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Selective Wealth Management Inc. lifted its stake in shares of Essential Properties Realty Trust by 1.9% in the fourth quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company's stock worth $673,000 after acquiring an additional 395 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Essential Properties Realty Trust by 74.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock worth $34,000 after acquiring an additional 468 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in shares of Essential Properties Realty Trust by 8.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company's stock worth $233,000 after acquiring an additional 542 shares during the period. GAMMA Investing LLC lifted its stake in shares of Essential Properties Realty Trust by 24.0% in the fourth quarter. GAMMA Investing LLC now owns 3,935 shares of the company's stock worth $123,000 after acquiring an additional 762 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Essential Properties Realty Trust by 215.4% in the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock worth $38,000 after acquiring an additional 827 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Essential Properties Realty Trust Stock Up 4.0 %

Shares of NYSE:EPRT traded up $1.24 during mid-day trading on Friday, hitting $31.75. 2,494,945 shares of the company traded hands, compared to its average volume of 1,241,830. The stock has a market cap of $5.96 billion, a P/E ratio of 27.85, a P/E/G ratio of 2.90 and a beta of 1.36. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 12-month low of $24.72 and a 12-month high of $34.88. The stock has a 50-day moving average price of $31.65 and a two-hundred day moving average price of $32.39.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. On average, equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.72%. Essential Properties Realty Trust's dividend payout ratio is presently 103.51%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Mizuho lifted their target price on Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Scotiabank lowered their target price on Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. B. Riley downgraded 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 report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft assumed coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a "buy" rating and a $38.00 target price for the company. Finally, UBS Group lifted their target price on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Essential Properties Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $34.48.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $31.99, for a total value of $959,700.00. Following the transaction, the director now directly owns 218,785 shares in the company, valued at $6,998,932.15. This represents a 12.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

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.