Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stock Position Reduced by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 7.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 232,509 shares of the company's stock after selling 17,616 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned about 0.13% of Essential Properties Realty Trust worth $7,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its holdings 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 buying an additional 468 shares during the period. Jones Financial Companies Lllp increased its holdings in Essential Properties Realty Trust by 1,834.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock valued at $37,000 after buying an additional 1,119 shares during the period. Versant Capital Management Inc increased its holdings in Essential Properties Realty Trust by 215.4% during the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock valued at $38,000 after buying an additional 827 shares during the period. Morse Asset Management Inc purchased a new position in Essential Properties Realty Trust during the third quarter valued at approximately $79,000. Finally, Smartleaf Asset Management LLC grew its holdings in Essential Properties Realty Trust by 275.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock worth $77,000 after purchasing an additional 1,802 shares during the last quarter. Institutional investors own 96.98% of the company's stock.

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Insider Buying and Selling

In related news, Director Stephen D. Sautel sold 12,500 shares of Essential Properties Realty Trust stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total value of $406,750.00. Following the sale, the director now directly owns 178,785 shares in the company, valued at $5,817,663.90. This trade represents a 6.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EPRT shares. Scotiabank cut 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 report on Friday, February 28th. B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price objective on the stock. 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 report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They set a "buy" rating and a $38.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $34.91.

Essential Properties Realty Trust Stock Performance

Shares of NYSE:EPRT traded down $0.33 during midday trading on Friday, hitting $31.72. The stock had a trading volume of 5,965,114 shares, compared to its average volume of 1,259,087. The company has a market capitalization of $5.95 billion, a PE ratio of 27.82, a P/E/G ratio of 2.90 and a beta of 1.36. The stock has a 50 day moving average price of $31.70 and a two-hundred day moving average price of $32.39. 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, Inc. has a 1 year low of $24.72 and a 1 year high of $34.88.

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

Essential Properties Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio (DPR) is 103.51%.

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.