Greenland Capital Management LP Sells 91,132 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Greenland Capital Management LP trimmed its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 62.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,943 shares of the company's stock after selling 91,132 shares during the quarter. Greenland Capital Management LP's holdings in Essential Properties Realty Trust were worth $1,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Essential Properties Realty Trust by 1.0% during the third quarter. State Street Corp now owns 10,033,209 shares of the company's stock valued at $345,535,000 after purchasing an additional 96,615 shares in the last quarter. Invesco Ltd. lifted its position in Essential Properties Realty Trust by 33.9% during the fourth quarter. Invesco Ltd. now owns 4,651,728 shares of the company's stock valued at $145,506,000 after buying an additional 1,178,284 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Essential Properties Realty Trust by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company's stock valued at $152,642,000 after buying an additional 118,927 shares in the last quarter. FMR LLC grew its position in shares of Essential Properties Realty Trust by 6.9% in the 4th quarter. FMR LLC now owns 4,422,710 shares of the company's stock worth $138,342,000 after buying an additional 284,036 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Essential Properties Realty Trust by 18.9% in the 4th quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company's stock worth $92,246,000 after buying an additional 469,610 shares during the period. Hedge funds and other institutional investors own 96.98% of the company's stock.

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Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock traded up $0.72 during trading on Friday, hitting $30.75. 1,610,034 shares of the company's stock traded hands, compared to its average volume of 1,403,184. Essential Properties Realty Trust, Inc. has a 1 year low of $24.72 and a 1 year high of $34.88. The business has a 50-day simple moving average of $31.58 and a 200-day simple moving average of $32.17. The stock 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 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 results on Wednesday, February 12th. The company reported $0.45 earnings per share (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%. As a group, analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were paid a dividend of $0.295 per share. The ex-dividend date was Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.84%. Essential Properties Realty Trust's dividend payout ratio is presently 103.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Scotiabank dropped their price objective on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Barclays dropped their price target on 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. Capital One Financial began coverage on Essential Properties Realty Trust in a research note on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price target on the stock. Finally, B. Riley cut 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. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $34.91.

Insider Activity

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the business's stock in a transaction dated 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 $5,817,663.90. The trade was a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.