California Public Employees Retirement System Has $7.07 Million Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

California Public Employees Retirement System boosted its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,005 shares of the company's stock after acquiring an additional 20,706 shares during the period. California Public Employees Retirement System owned approximately 0.13% of Essential Properties Realty Trust worth $7,069,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in Essential Properties Realty Trust in the third quarter valued at about $246,000. Janus Henderson Group PLC grew its stake in shares of Essential Properties Realty Trust by 10.3% in the 3rd quarter. Janus Henderson Group PLC now owns 100,971 shares of the company's stock valued at $3,449,000 after purchasing an additional 9,420 shares during the period. Morse Asset Management Inc acquired a new position in shares of Essential Properties Realty Trust in the 3rd quarter worth approximately $79,000. Point72 Asset Management L.P. bought a new position in shares of Essential Properties Realty Trust during the 3rd quarter worth approximately $281,000. Finally, State Street Corp boosted its stake in Essential Properties Realty Trust by 1.0% in the 3rd quarter. State Street Corp now owns 10,033,209 shares of the company's stock valued at $345,535,000 after buying an additional 96,615 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EPRT. Scotiabank lowered their target price on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Capital One Financial initiated coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 target price on the stock. Finally, Barclays dropped their price target on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $34.91.

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Essential Properties Realty Trust Trading Up 2.4 %

Shares of EPRT stock traded up $0.72 during trading hours on Friday, reaching $30.75. The company had a trading volume of 1,610,034 shares, compared to its average volume of 1,400,527. 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 current ratio of 5.36 and a quick ratio of 5.36. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 2.90 and a beta of 1.08. The company has a 50 day moving average of $31.58 and a 200 day moving average of $32.18.

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

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio is currently 103.51%.

Insider Buying and Selling at Essential Properties Realty Trust

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 transaction, 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.81% of the company's stock.

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.