Victory Capital Management Inc. Sells 119,461 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Victory Capital Management Inc. reduced its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,387,298 shares of the company's stock after selling 119,461 shares during the quarter. Victory Capital Management Inc. owned approximately 0.79% of Essential Properties Realty Trust worth $43,395,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EPRT. Selective Wealth Management Inc. increased its stake in Essential Properties Realty Trust by 1.9% in the fourth quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company's stock valued at $673,000 after purchasing an additional 395 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Essential Properties Realty Trust by 74.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock worth $34,000 after purchasing an additional 468 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in Essential Properties Realty Trust by 8.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 6,815 shares of the company's stock valued at $233,000 after acquiring an additional 542 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Essential Properties Realty Trust by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 3,935 shares of the company's stock worth $123,000 after purchasing an additional 762 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Essential Properties Realty Trust by 215.4% during the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock worth $38,000 after purchasing an additional 827 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

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Essential Properties Realty Trust Stock Performance

NYSE:EPRT traded down $0.30 during mid-day trading on Wednesday, hitting $30.81. 1,466,671 shares of the company's stock traded hands, compared to its average volume of 1,256,152. 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 12 month low of $24.72 and a 12 month high of $34.88. The firm has a 50 day moving average of $31.66 and a two-hundred day moving average of $32.40. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, equities analysts forecast 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 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 $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust's payout ratio is currently 103.51%.

Wall Street Analyst Weigh In

Several research firms have commented on EPRT. Mizuho lifted their price target on Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Barclays reduced their target price 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. UBS Group raised their price objective on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, December 11th. They issued a "buy" rating and a $38.00 target price for the company. Finally, Capital One Financial began 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 objective for the company. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Essential Properties Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $34.48.

Insiders Place Their Bets

In other news, Director Stephen D. Sautel sold 12,500 shares of Essential Properties Realty Trust stock in a transaction 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 of the company's stock, valued at approximately $5,817,663.90. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.

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.