70,090 Shares in Essential Properties Realty Trust, Inc. (NYSE:EPRT) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 70,090 shares of the company's stock, valued at approximately $2,196,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EPRT. Norges Bank acquired a new stake in Essential Properties Realty Trust in the fourth quarter valued at approximately $83,341,000. Raymond James Financial Inc. purchased a new stake in shares of Essential Properties Realty Trust during the 4th quarter valued at $21,438,000. Principal Financial Group Inc. boosted 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 purchasing an additional 469,610 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Essential Properties Realty Trust by 16.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,851,232 shares of the company's stock worth $57,907,000 after purchasing an additional 256,457 shares in the last quarter. Finally, ExodusPoint Capital Management LP grew its stake in Essential Properties Realty Trust by 32.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 956,234 shares of the company's stock worth $29,911,000 after buying an additional 232,557 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company's stock.

Insider Activity at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 12,500 shares of the business'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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.81% of the company's stock.

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Analyst Upgrades and Downgrades

EPRT has been the subject of a number of research analyst reports. B. Riley downgraded Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and raised their price target for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Capital One Financial started coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price objective for the company. Scotiabank dropped their target price 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 report on Friday, February 28th. Finally, Barclays decreased their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.91.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT traded up $0.16 during mid-day trading on Tuesday, hitting $31.49. The company's stock had a trading volume of 180,291 shares, compared to its average volume of 1,398,099. The business's fifty day moving average is $31.57 and its two-hundred day moving average is $32.15. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 27.59, 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, 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 posted its earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. Analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was 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.