Geode Capital Management LLC Sells 15,847 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Geode Capital Management LLC cut its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,453,075 shares of the company's stock after selling 15,847 shares during the period. Geode Capital Management LLC owned 2.54% of Essential Properties Realty Trust worth $139,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Selective Wealth Management Inc. boosted its stake in shares of 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 purchasing an additional 395 shares during the last quarter. Arizona State Retirement System lifted 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 buying an additional 399 shares during the period. MassMutual Private Wealth & Trust FSB boosted 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 valued at $34,000 after acquiring an additional 468 shares during the last quarter. United Services Automobile Association grew its holdings in Essential Properties Realty Trust by 7.0% during the 4th quarter. United Services Automobile Association now owns 11,183 shares of the company's stock worth $350,000 after acquiring an additional 730 shares during the period. Finally, GAMMA Investing LLC raised its position 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 worth $123,000 after acquiring an additional 762 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

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Insiders Place Their Bets

In related news, Director Stephen D. Sautel sold 12,500 shares of the 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 completion of the sale, the director now directly owns 178,785 shares of the company's stock, 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 can be accessed through this link. Insiders own 0.81% of the company's stock.

Analyst Ratings Changes

EPRT has been the topic of several research analyst reports. Scotiabank cut their target price on Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Barclays cut their price target 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. B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $29.50 to $33.50 in a research note on Wednesday, February 19th. Finally, Capital One Financial started coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They set an "overweight" rating and a $35.00 target price on the stock. 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.91.

Essential Properties Realty Trust Stock Up 2.4 %

Essential Properties Realty Trust stock traded up $0.72 during trading on Friday, hitting $30.75. 1,610,034 shares of the company were exchanged, compared to its average volume of 1,400,527. The company has a market capitalization of $5.77 billion, a P/E ratio of 26.97, a PEG ratio of 2.90 and a beta of 1.08. The business's 50 day moving average is $31.58 and its 200 day moving average is $32.18. 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.

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

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were paid a $0.295 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 annualized dividend and a yield of 3.84%. Essential Properties Realty Trust's dividend payout ratio (DPR) 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.