APG Asset Management US Inc. Trims Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

APG Asset Management US Inc. cut its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 908,199 shares of the company's stock after selling 20,168 shares during the quarter. APG Asset Management US Inc. owned 0.52% of Essential Properties Realty Trust worth $28,408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Selective Wealth Management Inc. grew its stake in shares of Essential Properties Realty Trust by 1.9% during the 4th quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company's stock worth $673,000 after purchasing an additional 395 shares during the period. Arizona State Retirement System increased its stake in shares of Essential Properties Realty Trust by 0.8% during the 4th quarter. Arizona State Retirement System now owns 50,884 shares of the company's stock worth $1,592,000 after purchasing an additional 399 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 worth $34,000 after purchasing an additional 468 shares during the last quarter. United Services Automobile Association grew its holdings in Essential Properties Realty Trust by 7.0% during the 4th quarter. United Services Automobile Association now owns 11,183 shares of the company's stock valued at $350,000 after buying an additional 730 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Essential Properties Realty Trust by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 3,935 shares of the company's stock worth $123,000 after buying an additional 762 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

EPRT has been the topic of a number of analyst reports. Capital One Financial initiated coverage on Essential Properties Realty Trust in a research note on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price objective on the stock. Scotiabank lowered their price target on shares of 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 shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and upped their price objective for the company from $29.50 to $33.50 in a research note on Wednesday, February 19th. Finally, Barclays lowered their target price on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $34.91.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust 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 completion of the sale, the director now owns 218,785 shares of the company's stock, valued at $6,998,932.15. This trade represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.81% of the company's stock.

Essential Properties Realty Trust Trading Up 1.1 %

EPRT traded up $0.34 on Monday, reaching $31.08. 203,389 shares of the company's stock were exchanged, compared to its average volume of 1,398,482. Essential Properties Realty Trust, Inc. has a twelve month low of $24.72 and a twelve month high of $34.88. The company's 50 day moving average is $31.58 and its 200-day moving average is $32.17. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 2.90 and a beta of 1.08.

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

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were paid a $0.295 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.80%. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 103.51%.

Essential Properties Realty Trust Company 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.