Landscape Capital Management L.L.C. Invests $1.13 Million in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Landscape Capital Management L.L.C. acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 35,961 shares of the company's stock, valued at approximately $1,125,000.

Several other hedge funds have also recently made changes to their positions in EPRT. Crowley Wealth Management Inc. purchased a new position in Essential Properties Realty Trust in the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB raised its holdings in Essential Properties Realty Trust by 74.5% in 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 grew its stake in Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after acquiring an additional 1,119 shares during the period. Versant Capital Management Inc raised its position in shares of Essential Properties Realty Trust by 215.4% during the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock worth $38,000 after purchasing an additional 827 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Essential Properties Realty Trust in the third quarter worth approximately $79,000. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EPRT shares. Barclays cut 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 research report on Tuesday, February 4th. B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and raised their price objective for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Scotiabank dropped their price target 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. Finally, Capital One Financial began coverage on 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. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.91.

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Insider Activity

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

Essential Properties Realty Trust Stock Performance

Shares of EPRT traded up $0.72 during mid-day trading on Friday, hitting $30.75. The company's stock had a trading volume of 1,610,034 shares, compared to its average volume of 1,400,527. The firm has a market capitalization of $5.77 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a one year low of $24.72 and a one year high of $34.88. The stock's 50-day moving average is $31.58 and its two-hundred day moving average is $32.18. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly 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%. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio is currently 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.