Vanguard Group Inc. Sells 52,627 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Vanguard Group Inc. reduced its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,095,963 shares of the company's stock after selling 52,627 shares during the period. Vanguard Group Inc. owned 15.45% of Essential Properties Realty Trust worth $847,562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EPRT. Duff & Phelps Investment Management Co. bought a new position in Essential Properties Realty Trust in the third quarter valued at approximately $69,473,000. Adelante Capital Management LLC raised its position in Essential Properties Realty Trust by 3,964.9% during the third quarter. Adelante Capital Management LLC now owns 1,111,634 shares of the company's stock worth $37,962,000 after acquiring an additional 1,084,287 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Essential Properties Realty Trust by 434.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,086,529 shares of the company's stock valued at $37,105,000 after acquiring an additional 883,053 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Essential Properties Realty Trust during the 4th quarter worth about $21,438,000. Finally, Bank of Montreal Can raised its holdings in shares of Essential Properties Realty Trust by 840.9% in the 3rd quarter. Bank of Montreal Can now owns 622,034 shares of the company's stock valued at $21,242,000 after purchasing an additional 555,926 shares during the period. 96.98% of the stock is owned by institutional investors.

Remove Ads

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the company's stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

EPRT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Essential Properties Realty Trust in a research note on Wednesday, December 11th. They issued a "buy" rating and a $38.00 price objective on the stock. Barclays cut their target price on shares of 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. Scotiabank cut 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 research report on Friday, February 28th. 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 on the stock. Finally, B. Riley downgraded Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their price target for the company from $29.50 to $33.50 in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.91.

Essential Properties Realty Trust Price Performance

Shares of EPRT traded down $0.75 during trading hours on Thursday, reaching $31.85. The stock 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 quick ratio of 5.36 and a current 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 stock has a market capitalization of $5.98 billion, a PE ratio of 27.94, a PEG ratio of 2.90 and a beta of 1.07. The company's 50-day moving average is $31.90 and its two-hundred day moving average is $32.40.

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

Essential Properties Realty Trust Dividend Announcement

The business 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 $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust's payout ratio is presently 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.