Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Cohen & Steers Inc.

Cohen & Steers Inc. reduced its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 14.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,898,312 shares of the company’s stock after selling 971,736 shares during the quarter. Cohen & Steers Inc.’s holdings in Essential Properties Realty Trust were worth $184,499,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new stake in shares of Essential Properties Realty Trust in the 4th quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Essential Properties Realty Trust by 74.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after acquiring an additional 468 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Essential Properties Realty Trust by 1,834.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock worth $37,000 after purchasing an additional 1,119 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of 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 during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Essential Properties Realty Trust by 275.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock valued at $77,000 after purchasing an additional 1,802 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

NYSE:EPRT opened at $30.75 on Monday. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a 12-month low of $24.72 and a 12-month high of $34.88. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average is $31.58 and its two-hundred day moving average is $32.17.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio is currently 103.51%.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total value of $406,750.00. Following 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 sale 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.

Wall Street Analysts Forecast Growth

EPRT has been the topic of several recent analyst reports. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an “overweight” rating and a $35.00 target price on the stock. Scotiabank lowered their price target on 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. Barclays reduced their price objective on 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. Finally, B. Riley lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and upped their target price for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $34.91.

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.