Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,486,796 shares of the company's stock after selling 281,995 shares during the period. Bank of New York Mellon Corp owned 0.85% of Essential Properties Realty Trust worth $46,507,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake 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. Versant Capital Management Inc raised its holdings 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 acquiring an additional 827 shares during the period. Morse Asset Management Inc purchased a new stake in shares of Essential Properties Realty Trust during the third quarter worth $79,000. Advisors Asset Management Inc. boosted its holdings in shares of Essential Properties Realty Trust by 58.6% in the third quarter. Advisors Asset Management Inc. now owns 3,218 shares of the company's stock worth $110,000 after acquiring an additional 1,189 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Essential Properties Realty Trust by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 3,935 shares of the company's stock worth $123,000 after purchasing an additional 762 shares during the period. Hedge funds and other institutional investors own 96.98% of the company's stock.

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Essential Properties Realty Trust Trading Up 1.8 %

EPRT traded up $0.56 during trading on Friday, hitting $32.29. 1,493,883 shares of the stock were exchanged, compared to its average volume of 1,220,900. The firm has a 50 day simple moving average of $31.66 and a 200 day simple moving average of $32.39. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 28.32, a P/E/G 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. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 EPS 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%. As a group, equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.65%. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 103.51%.

Insider Activity

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of Essential Properties Realty Trust stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $31.99, for a total transaction of $959,700.00. Following the completion of the sale, the director now owns 218,785 shares of the company's stock, valued at approximately $6,998,932.15. The trade was a 12.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a "buy" rating and a $38.00 price target for the company. B. Riley downgraded Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. UBS Group upped their price target on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Mizuho upped their price objective on Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Finally, Barclays dropped their price objective on 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 equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $34.48.

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.