Proficio Capital Partners LLC Makes New $346,000 Investment in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Proficio Capital Partners LLC bought a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,073 shares of the company's stock, valued at approximately $346,000.

Other large investors have also recently made changes to their positions in the company. Selective Wealth Management Inc. boosted its stake in 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 worth $673,000 after purchasing an additional 395 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of 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. Harvest Fund Management Co. Ltd lifted its holdings in shares of Essential Properties Realty Trust by 8.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company's stock worth $233,000 after buying an additional 542 shares in the last quarter. GAMMA Investing LLC grew its stake in Essential Properties Realty Trust by 24.0% during the fourth quarter. GAMMA Investing LLC now owns 3,935 shares of the company's stock valued at $123,000 after acquiring an additional 762 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in 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 acquiring an additional 827 shares during the period. 96.98% of the stock is owned by institutional investors.

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Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the firm's stock in a transaction dated 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 directly owns 178,785 shares of the company's stock, valued at $5,817,663.90. This trade represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by company insiders.

Essential Properties Realty Trust Trading Down 0.2 %

Shares of Essential Properties Realty Trust stock traded down $0.07 during trading on Friday, reaching $32.58. The company's stock had a trading volume of 1,437,225 shares, compared to its average volume of 1,355,020. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 52-week low of $24.72 and a 52-week high of $34.88. The firm's 50-day moving average is $31.83 and its two-hundred day moving average is $32.40. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.90 and a beta of 1.36.

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, beating 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%. On average, sell-side analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be paid a $0.295 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.62%. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 103.51%.

Analyst Ratings Changes

Several research firms have issued reports on EPRT. B. Riley cut shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their target price for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a research note on Wednesday, December 11th. They set a "buy" rating and a $38.00 price objective for the company. Barclays decreased their target price on 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. Capital One Financial initiated coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price target on the stock. Finally, Scotiabank dropped their price target on 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. Three research 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, Essential Properties Realty Trust has an average rating of "Moderate Buy" and an average target price of $34.91.

About Essential Properties Realty Trust

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.