Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 42.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,172 shares of the company's stock after selling 8,307 shares during the period. Cornercap Investment Counsel Inc.'s holdings in Essential Properties Realty Trust were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Essential Properties Realty Trust in the fourth quarter valued at about $83,341,000. Duff & Phelps Investment Management Co. purchased a new stake in shares of Essential Properties Realty Trust in the 3rd quarter valued at approximately $69,473,000. Adelante Capital Management LLC lifted its holdings in shares of Essential Properties Realty Trust by 3,964.9% in the 3rd quarter. Adelante Capital Management LLC now owns 1,111,634 shares of the company's stock worth $37,962,000 after acquiring an additional 1,084,287 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Essential Properties Realty Trust by 434.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,086,529 shares of the company's stock worth $37,105,000 after purchasing an additional 883,053 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Essential Properties Realty Trust in the 4th quarter valued at approximately $21,438,000. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

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Essential Properties Realty Trust Stock Down 2.1 %

NYSE:EPRT traded down $0.68 during trading hours on Thursday, hitting $31.92. The company's stock had a trading volume of 998,565 shares, compared to its average volume of 1,365,038. 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 current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $5.99 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.90 and a beta of 1.07. The stock has a fifty day moving average of $31.89 and a 200-day moving average of $32.40.

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, 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%. On average, equities analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The business 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. This represents a $1.18 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust's payout ratio is 103.51%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Capital One Financial initiated coverage on Essential Properties Realty Trust in a research note on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price target on the stock. B. Riley cut Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and raised their target price for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 11th. They set a "buy" rating and a $38.00 price target on the stock. Barclays dropped their price objective on shares of 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. Finally, Scotiabank reduced 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. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.91.

Insider Activity at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 12,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total transaction of $406,750.00. Following the transaction, 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 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.