Essential Properties Realty Trust, Inc. (NYSE:EPRT) Director Sells $406,750.00 in Stock

Essential Properties Realty Trust, Inc. (NYSE:EPRT) Director Stephen D. Sautel sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were 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 in the company, valued at $5,817,663.90. This trade represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Essential Properties Realty Trust Stock Down 0.1 %

Shares of EPRT opened at $32.46 on Thursday. The company has a market capitalization of $6.09 billion, a PE ratio of 28.47, a PEG ratio of 2.90 and a beta of 1.40. The stock’s 50-day moving average price is $31.55 and its two-hundred day moving average price is $32.28. 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 $23.58 and a 12 month high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data 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 return on equity of 6.12% and a net margin of 45.15%. On average, analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.295 dividend. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Tuesday, December 31st. Essential Properties Realty Trust’s dividend payout ratio is currently 103.51%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EPRT shares. Mizuho raised their price target on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Wells Fargo & Company dropped their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Barclays decreased 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 note on Tuesday, February 4th. B. Riley cut Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and increased their price target for the company from $29.50 to $33.50 in a research note on Wednesday, February 19th. Finally, 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. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.55.

Institutional Investors Weigh In On Essential Properties Realty Trust

Several large investors have recently modified their holdings of EPRT. Creative Planning boosted its position in Essential Properties Realty Trust by 4.3% during the third quarter. Creative Planning now owns 13,450 shares of the company’s stock valued at $459,000 after acquiring an additional 558 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Essential Properties Realty Trust by 95.2% in the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $28,000 after purchasing an additional 399 shares during the period. International Assets Investment Management LLC boosted its position in shares of Essential Properties Realty Trust by 6,512.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,151 shares of the company’s stock valued at $483,000 after purchasing an additional 13,937 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Essential Properties Realty Trust during the third quarter worth approximately $406,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Essential Properties Realty Trust by 57.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,887 shares of the company’s stock worth $474,000 after purchasing an additional 5,066 shares during the period. 96.98% of the stock is currently owned by institutional investors and hedge funds.

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.