Thrivent Financial for Lutherans Sells 264,486 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Thrivent Financial for Lutherans trimmed its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,448,314 shares of the company's stock after selling 264,486 shares during the period. Thrivent Financial for Lutherans owned 0.83% of Essential Properties Realty Trust worth $45,303,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its position in shares of Essential Properties Realty Trust by 33.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company's stock valued at $85,491,000 after acquiring an additional 621,445 shares during the last quarter. Barclays PLC boosted its holdings in Essential Properties Realty Trust by 118.6% during the third quarter. Barclays PLC now owns 297,989 shares of the company's stock worth $10,176,000 after buying an additional 161,697 shares during the last quarter. Truist Financial Corp bought a new position in Essential Properties Realty Trust during the fourth quarter worth about $287,000. FMR LLC grew its position in shares of Essential Properties Realty Trust by 1.9% during the 3rd quarter. FMR LLC now owns 4,138,674 shares of the company's stock worth $141,336,000 after buying an additional 76,475 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Essential Properties Realty Trust by 6.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,594,775 shares of the company's stock valued at $54,462,000 after acquiring an additional 98,467 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 12,500 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total transaction of $406,750.00. Following the completion of the sale, the director now owns 178,785 shares of the company's stock, valued at approximately $5,817,663.90. This represents a 6.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.

Essential Properties Realty Trust Stock Up 1.8 %

Shares of NYSE:EPRT traded up $0.58 during trading on Monday, hitting $32.31. 2,258,317 shares of the company were exchanged, compared to its average volume of 1,263,083. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 2.90 and a beta of 1.36. 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 fifty-two week low of $24.72 and a fifty-two week high of $34.88. The firm has a fifty day moving average price of $31.70 and a two-hundred day moving average price of $32.39.

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, topping 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%. As a group, research analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust's payout ratio is presently 103.51%.

Analysts Set New Price Targets

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

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.