BCO Wealth Management LLC Purchases Shares of 9,650 Essential Properties Realty Trust, Inc. (NYSE:EPRT)

BCO Wealth Management LLC acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,650 shares of the company's stock, valued at approximately $302,000. Essential Properties Realty Trust makes up 0.3% of BCO Wealth Management LLC's holdings, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Crowley Wealth Management Inc. acquired a new stake in Essential Properties Realty Trust in the 4th quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Essential Properties Realty Trust by 74.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock worth $34,000 after buying an additional 468 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Essential Properties Realty Trust by 1,834.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after buying an additional 1,119 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Essential Properties Realty Trust by 215.4% in the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock valued at $38,000 after buying an additional 827 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Essential Properties Realty Trust by 275.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock worth $77,000 after acquiring an additional 1,802 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EPRT. Barclays reduced their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They set a "buy" rating and a $38.00 target price on the stock. B. Riley lowered Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $29.50 to $33.50 in a research report on Wednesday, February 19th. Capital One Financial started coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 target price for the company. Finally, 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 research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $34.91.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock traded up $0.26 during trading hours on Monday, hitting $32.57. The stock had a trading volume of 349,772 shares, compared to its average volume of 1,351,081. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36. The firm has a market capitalization of $6.12 billion, a PE ratio of 28.60, a PEG ratio of 2.90 and a beta of 1.36. Essential Properties Realty Trust, Inc. has a twelve month low of $24.72 and a twelve month high of $34.88. The stock's 50 day moving average is $31.83 and its 200 day moving average is $32.40.

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 analysts' consensus estimates 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, research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio is currently 103.51%.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $31.99, for a total transaction of $959,700.00. Following the sale, the director now directly owns 218,785 shares in the company, valued at approximately $6,998,932.15. The trade was a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.81% of the stock is currently owned by company insiders.

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.