Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,851,232 shares of the company's stock after acquiring an additional 256,457 shares during the quarter. JPMorgan Chase & Co. owned 1.06% of Essential Properties Realty Trust worth $57,907,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Crowley Wealth Management Inc. bought a new stake in shares of Essential Properties Realty Trust during the fourth quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in Essential Properties Realty Trust by 74.5% during the 4th 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 period. Jones Financial Companies Lllp raised its position in Essential Properties Realty Trust by 1,834.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after purchasing an additional 1,119 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Essential Properties Realty Trust by 215.4% in the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock worth $38,000 after buying an additional 827 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Essential Properties Realty Trust by 275.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock worth $77,000 after buying an additional 1,802 shares in the last quarter. Institutional investors own 96.98% of the company's stock.

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Analyst Ratings Changes

EPRT has been the subject of several recent research reports. Capital One Financial began coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price objective for the company. Scotiabank lowered their price target on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Barclays dropped their price objective on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 11th. They issued a "buy" rating and a $38.00 price objective for the company. Finally, B. Riley cut Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their target price for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.91.

Essential Properties Realty Trust Stock Up 7.8 %

Shares of EPRT stock traded up $2.23 during trading hours on Wednesday, reaching $30.68. 3,114,833 shares of the company's stock were exchanged, compared to its average volume of 1,396,092. Essential Properties Realty Trust, Inc. has a 1 year low of $24.72 and a 1 year 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 cap of $5.76 billion, a PE ratio of 26.91, a PEG ratio of 2.90 and a beta of 1.08. The stock's fifty day moving average price is $31.64 and its two-hundred day moving average price is $32.23.

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

Essential Properties Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a dividend of $0.295 per share. The ex-dividend date is Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.85%. Essential Properties Realty Trust's dividend payout ratio is currently 103.51%.

Insider Activity

In related news, Director Stephen D. Sautel sold 12,500 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total value of $406,750.00. Following the transaction, the director now owns 178,785 shares in the company, valued at approximately $5,817,663.90. This represents a 6.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.81% of the company's stock.

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.