Prudential Financial Inc. Has $113.43 Million Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Prudential Financial Inc. decreased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,626,345 shares of the company's stock after selling 303,852 shares during the quarter. Prudential Financial Inc. owned 2.07% of Essential Properties Realty Trust worth $113,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its stake in Essential Properties Realty Trust by 118.6% during the 3rd quarter. Barclays PLC now owns 297,989 shares of the company's stock valued at $10,176,000 after acquiring an additional 161,697 shares in the last quarter. Truist Financial Corp purchased a new position in Essential Properties Realty Trust during the fourth quarter valued at approximately $287,000. FMR LLC increased its stake in Essential Properties Realty Trust by 1.9% in the 3rd quarter. FMR LLC now owns 4,138,674 shares of the company's stock valued at $141,336,000 after buying an additional 76,475 shares during the period. JPMorgan Chase & Co. lifted its position in Essential Properties Realty Trust by 6.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,594,775 shares of the company's stock worth $54,462,000 after buying an additional 98,467 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Essential Properties Realty Trust by 840.9% during the 3rd quarter. Bank of Montreal Can now owns 622,034 shares of the company's stock valued at $21,242,000 after buying an additional 555,926 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of the 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 completion of the transaction, the director now directly owns 218,785 shares in the company, valued at $6,998,932.15. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Essential Properties Realty Trust Stock Performance

EPRT stock traded down $0.07 on Friday, reaching $32.58. 1,437,225 shares of the company were exchanged, compared to its average volume of 1,355,020. The firm has a market capitalization of $6.12 billion, a PE ratio of 28.58, a PEG ratio of 2.90 and a beta of 1.36. Essential Properties Realty Trust, Inc. has a 12 month low of $24.72 and a 12 month high of $34.88. The stock's fifty day moving average price is $31.83 and its 200 day moving average price is $32.40. 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 announced 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 net margin of 45.15% and a return on equity of 6.12%. On average, research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

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

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.