Wellington Management Group LLP Trims Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Wellington Management Group LLP lessened its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,462,184 shares of the company's stock after selling 1,260,814 shares during the period. Wellington Management Group LLP owned 4.51% of Essential Properties Realty Trust worth $264,697,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp boosted its position in shares of Essential Properties Realty Trust by 1.0% during the 3rd quarter. State Street Corp now owns 10,033,209 shares of the company's stock valued at $345,535,000 after acquiring an additional 96,615 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Essential Properties Realty Trust by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company's stock valued at $152,642,000 after purchasing an additional 118,927 shares during the last quarter. FMR LLC grew its stake in shares of Essential Properties Realty Trust by 1.9% in the 3rd quarter. FMR LLC now owns 4,138,674 shares of the company's stock valued at $141,336,000 after buying an additional 76,475 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Essential Properties Realty Trust by 18.9% during the 4th quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company's stock worth $92,246,000 after buying an additional 469,610 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Essential Properties Realty Trust by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company's stock valued at $89,866,000 after buying an additional 43,179 shares during the period. Institutional investors and hedge funds own 96.98% of the company's stock.

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Wall Street Analyst Weigh In

EPRT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They issued a "buy" rating and a $38.00 price objective for the company. Scotiabank cut 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 research report on Friday, February 28th. B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Capital One Financial initiated coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They set 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 note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Essential Properties Realty Trust presently has a consensus rating of "Moderate Buy" and an average price target of $34.91.

Essential Properties Realty Trust Stock Down 3.3 %

Shares of NYSE:EPRT traded down $1.04 during trading on Friday, hitting $30.77. The company's stock had a trading volume of 2,662,267 shares, compared to its average volume of 1,381,738. Essential Properties Realty Trust, Inc. has a fifty-two week low of $24.72 and a fifty-two week high of $34.88. The business has a 50 day moving average price of $31.88 and a two-hundred day moving average price of $32.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. The company has a market capitalization of $5.78 billion, a PE ratio of 26.99, a P/E/G ratio of 2.90 and a beta of 1.07.

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

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid 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 payout ratio is 103.51%.

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 30,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $31.99, for a total value of $959,700.00. Following the transaction, the director now owns 218,785 shares of the company's stock, valued at $6,998,932.15. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by corporate insiders.

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.