Crowley Wealth Management Inc. Invests $28,000 in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Crowley Wealth Management Inc. bought a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 880 shares of the company’s stock, valued at approximately $28,000.

Other large investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 buying an additional 468 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Essential Properties Realty Trust by 1,834.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock worth $37,000 after buying an additional 1,119 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Essential Properties Realty Trust by 215.4% during the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock worth $38,000 after buying an additional 827 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Essential Properties Realty Trust by 275.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock worth $77,000 after buying an additional 1,802 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of Essential Properties Realty Trust during the third quarter worth $79,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EPRT shares. Barclays dropped their price objective 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price objective for the company. Scotiabank dropped 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 report on Friday, February 28th. B. Riley lowered shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and upped their price objective for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Finally, Capital One Financial started 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.91.

Insider Transactions at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total value of $406,750.00. Following the sale, the director now owns 178,785 shares of the company’s stock, valued at $5,817,663.90. This trade represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Trading Down 1.0 %

Shares of EPRT stock opened at $31.72 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36. The firm has a market cap of $5.96 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36. The company has a 50-day moving average of $31.70 and a two-hundred day moving average of $32.39. Essential Properties Realty Trust, Inc. has a 1-year low of $24.72 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.72%. Essential Properties Realty Trust’s dividend payout ratio is presently 103.51%.

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.