Sei Investments Co. Sells 56,295 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Sei Investments Co. lessened its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 22.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 198,269 shares of the company's stock after selling 56,295 shares during the period. Sei Investments Co. owned 0.11% of Essential Properties Realty Trust worth $6,202,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EPRT. Barclays PLC raised its holdings in shares of Essential Properties Realty Trust by 118.6% in the 3rd quarter. Barclays PLC now owns 297,989 shares of the company's stock valued at $10,176,000 after acquiring an additional 161,697 shares in the last quarter. Truist Financial Corp bought a new position in shares of Essential Properties Realty Trust in the fourth quarter worth approximately $287,000. FMR LLC raised its stake in Essential Properties Realty Trust by 1.9% in the third quarter. FMR LLC now owns 4,138,674 shares of the company's stock valued at $141,336,000 after purchasing an additional 76,475 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Essential Properties Realty Trust by 6.6% during the third quarter. JPMorgan Chase & Co. now owns 1,594,775 shares of the company's stock valued at $54,462,000 after purchasing an additional 98,467 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Essential Properties Realty Trust by 38.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,169 shares of the company's stock worth $2,946,000 after buying an additional 26,234 shares in the last quarter. Institutional investors own 96.98% of the company's stock.

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Insider Buying and Selling

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the firm's 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by insiders.

Essential Properties Realty Trust Trading Down 3.3 %

EPRT traded down $1.04 during trading on Friday, hitting $30.77. 2,662,267 shares of the stock traded hands, compared to its average volume of 1,381,738. The firm has a market capitalization of $5.78 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 2.90 and a beta of 1.07. Essential Properties Realty Trust, Inc. has a 12-month low of $24.72 and a 12-month high of $34.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36. The firm has a 50-day moving average of $31.88 and a 200 day moving average of $32.38.

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

Essential Properties Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be issued 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 dividend yield of 3.83%. Essential Properties Realty Trust's dividend payout ratio is presently 103.51%.

Analyst Upgrades and Downgrades

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