Cibc World Markets Corp Makes New $514,000 Investment in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Cibc World Markets Corp acquired a new position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,420 shares of the company's stock, valued at approximately $514,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Selective Wealth Management Inc. increased its position in shares of Essential Properties Realty Trust by 1.9% during the fourth quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company's stock valued at $673,000 after buying an additional 395 shares during the period. Arizona State Retirement System grew its holdings 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 acquiring an additional 399 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock worth $34,000 after acquiring an additional 468 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of Essential Properties Realty Trust by 8.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company's stock valued at $233,000 after purchasing an additional 542 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Essential Properties Realty Trust by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 3,935 shares of the company's stock valued at $123,000 after purchasing an additional 762 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the sale, the director now directly owns 178,785 shares in the company, valued at $5,817,663.90. This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.81% of the stock is owned by company insiders.

Essential Properties Realty Trust Stock Performance

EPRT traded up $0.43 during midday trading on Wednesday, reaching $32.83. The company had a trading volume of 2,208,041 shares, compared to its average volume of 1,267,017. 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 quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. The company has a market cap of $6.16 billion, a P/E ratio of 28.79, a P/E/G ratio of 2.90 and a beta of 1.36. The business has a 50-day moving average of $31.76 and a two-hundred day moving average of $32.39.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly 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 return on equity of 6.12% and a net margin of 45.15%. As a group, equities research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be issued a $0.295 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.59%. Essential Properties Realty Trust's dividend payout ratio (DPR) is 103.51%.

Analysts Set New Price Targets

EPRT has been the subject of several research reports. Scotiabank decreased 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 research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on Essential Properties Realty Trust in a research note on Wednesday, December 11th. They set a "buy" rating and a $38.00 target price on the stock. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price target for the company. Barclays lowered their price objective 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. Finally, B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their target price for the company from $29.50 to $33.50 in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Essential Properties Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $34.91.

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.