Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.95 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,169 shares of the company's stock after acquiring an additional 26,234 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Essential Properties Realty Trust worth $2,946,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EPRT. Selective Wealth Management Inc. grew its holdings in Essential Properties Realty Trust by 1.9% in the 4th 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 Essential Properties Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 50,884 shares of the company's stock valued at $1,592,000 after purchasing an additional 399 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in 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 purchasing an additional 468 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in Essential Properties Realty Trust by 8.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company's stock worth $233,000 after purchasing an additional 542 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Essential Properties Realty Trust by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 3,935 shares of the company's stock valued at $123,000 after purchasing an additional 762 shares during the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

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Essential Properties Realty Trust Price Performance

Shares of EPRT traded down $0.07 during midday trading on Friday, reaching $32.58. The stock had a trading volume of 1,437,225 shares, compared to its average volume of 1,357,008. The firm's 50 day moving average price is $31.81 and its 200-day moving average price is $32.39. Essential Properties Realty Trust, Inc. has a 52 week low of $24.72 and a 52 week high of $34.88. The company has a market capitalization of $6.12 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its earnings results 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 net margin of 45.15% and a return on equity of 6.12%. On average, analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio (DPR) is 103.51%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Capital One Financial started coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a "buy" rating and a $38.00 price objective on the stock. Scotiabank decreased 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 report on Friday, February 28th. Barclays cut 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 report on Tuesday, February 4th. Finally, B. Riley downgraded shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Three research 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 stock has an average rating of "Moderate Buy" and an average target price of $34.91.

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 178,785 shares in the company, valued at approximately $5,817,663.90. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.81% of the stock is currently owned by insiders.

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.