Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,307,497 shares of the company's stock after selling 42,909 shares during the quarter. American Century Companies Inc. owned approximately 0.75% of Essential Properties Realty Trust worth $40,899,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EPRT. Quantbot Technologies LP lifted its stake in shares of Essential Properties Realty Trust by 88.3% in the 4th quarter. Quantbot Technologies LP now owns 95,971 shares of the company's stock valued at $3,002,000 after acquiring an additional 44,993 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Essential Properties Realty Trust by 38.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,169 shares of the company's stock worth $2,946,000 after purchasing an additional 26,234 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in Essential Properties Realty Trust by 30.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,900 shares of the company's stock valued at $278,000 after acquiring an additional 2,085 shares during the period. Xponance Inc. grew its stake in shares of Essential Properties Realty Trust by 7.0% in the 4th quarter. Xponance Inc. now owns 13,380 shares of the company's stock worth $419,000 after buying an additional 874 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in Essential Properties Realty Trust by 43.0% during the fourth quarter. Intech Investment Management LLC now owns 69,446 shares of the company's stock valued at $2,172,000 after buying an additional 20,892 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company's stock.

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Insider Transactions at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 30,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $31.99, for a total value of $959,700.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

EPRT has been the topic of a number of research analyst reports. B. Riley downgraded Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and upped their price target for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Scotiabank lowered their target price on Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They set a "buy" rating and a $38.00 price target on the stock. Barclays cut their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Finally, Capital One Financial initiated coverage on Essential Properties Realty Trust in a research note on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.91.

Essential Properties Realty Trust Trading Up 0.6 %

Shares of EPRT traded up $0.19 during midday trading on Monday, reaching $32.50. The company had a trading volume of 400,669 shares, compared to its average volume of 1,351,308. The firm has a 50 day simple moving average of $31.83 and a 200-day simple moving average of $32.40. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. The stock has a market cap of $6.10 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36. Essential Properties Realty Trust, Inc. has a 1-year low of $24.72 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio is currently 103.51%.

Essential Properties Realty Trust Profile

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.