Teacher Retirement System of Texas Reduces Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Teacher Retirement System of Texas trimmed its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 47.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,265 shares of the company's stock after selling 16,809 shares during the period. Teacher Retirement System of Texas' holdings in Essential Properties Realty Trust were worth $571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd raised its position in Essential Properties Realty Trust by 30.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,900 shares of the company's stock worth $278,000 after buying an additional 2,085 shares during the last quarter. Xponance Inc. increased its stake in shares of Essential Properties Realty Trust by 7.0% in the fourth quarter. Xponance Inc. now owns 13,380 shares of the company's stock worth $419,000 after acquiring an additional 874 shares during the period. Intech Investment Management LLC raised its holdings in shares of Essential Properties Realty Trust by 43.0% during the fourth quarter. Intech Investment Management LLC now owns 69,446 shares of the company's stock worth $2,172,000 after purchasing an additional 20,892 shares during the last quarter. Cibc World Markets Corp acquired a new position in Essential Properties Realty Trust during the fourth quarter valued at $514,000. Finally, Natixis Advisors LLC boosted its holdings in Essential Properties Realty Trust by 1.9% in the fourth quarter. Natixis Advisors LLC now owns 46,270 shares of the company's stock valued at $1,447,000 after purchasing an additional 851 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

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Analysts Set New Price Targets

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

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock traded down $0.75 during midday trading on Thursday, reaching $31.85. The company had a trading volume of 2,615,676 shares, compared to its average volume of 1,372,801. 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 12-month low of $24.72 and a 12-month high of $34.88. The company has a market capitalization of $5.98 billion, a P/E ratio of 27.94, a P/E/G ratio of 2.90 and a beta of 1.07. The firm's fifty day simple moving average is $31.90 and its 200-day simple moving average is $32.40.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, beating 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%. As a group, equities 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. Stockholders of record on Monday, March 31st will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust's payout ratio is 103.51%.

Insider Transactions 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 transaction of $406,750.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.81% of the company's stock.

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.