Zurcher Kantonalbank Zurich Cantonalbank Has $3.84 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 33.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,757 shares of the company's stock after purchasing an additional 31,045 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Essential Properties Realty Trust worth $3,840,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in 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 worth $345,535,000 after acquiring an additional 96,615 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 worth $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% during the third quarter. FMR LLC now owns 4,138,674 shares of the company's stock worth $141,336,000 after purchasing an additional 76,475 shares during the period. Principal Financial Group Inc. increased its holdings in Essential Properties Realty Trust by 18.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company's stock valued at $92,246,000 after purchasing an additional 469,610 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Essential Properties Realty Trust by 1.5% in the fourth 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 own 96.98% of the company's stock.

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Insider Buying and Selling

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

Essential Properties Realty Trust Stock Performance

NYSE EPRT traded up $0.11 during trading on Wednesday, reaching $31.86. 3,210,332 shares of the company's stock were exchanged, compared to its average volume of 1,380,881. Essential Properties Realty Trust, Inc. has a fifty-two week low of $24.72 and a fifty-two week high of $34.88. The stock has a market capitalization of $5.98 billion, a P/E ratio of 27.94, a PEG ratio of 2.90 and a beta of 1.36. The business has a 50 day moving average price of $31.67 and a 200-day moving average price of $32.39. 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 (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating 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%. Sell-side analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.70%. Essential Properties Realty Trust's payout ratio is 103.51%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays decreased their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Capital One Financial began coverage on 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 report on Wednesday, December 11th. They set a "buy" rating and a $38.00 price objective on the stock. B. Riley cut Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and increased their target price for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Finally, Scotiabank dropped their target price on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Essential Properties Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $34.48.

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.