Alyeska Investment Group L.P. Has $55.73 Million Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Alyeska Investment Group L.P. reduced its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,781,710 shares of the company’s stock after selling 192,350 shares during the quarter. Alyeska Investment Group L.P. owned 1.02% of Essential Properties Realty Trust worth $55,732,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Crowley Wealth Management Inc. acquired a new stake in shares of Essential Properties Realty Trust in the 4th quarter valued at $28,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Essential Properties Realty Trust by 74.5% during the 4th 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 during the last quarter. Jones Financial Companies Lllp boosted its stake in Essential Properties Realty Trust by 1,834.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock valued at $37,000 after buying an additional 1,119 shares in the last quarter. Versant Capital Management Inc grew its position in Essential Properties Realty Trust by 215.4% in the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock valued at $38,000 after acquiring an additional 827 shares during the last quarter. Finally, Quarry LP raised its stake in Essential Properties Realty Trust by 439.4% during the fourth quarter. Quarry LP now owns 1,451 shares of the company’s stock worth $45,000 after acquiring an additional 1,182 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Analyst Ratings Changes

EPRT has been the topic of several research reports. B. Riley lowered shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lifted their price target for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Scotiabank lowered their price target 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. Barclays cut their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Capital One Financial started coverage on Essential Properties Realty Trust in a research report on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 target price for the company. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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 business’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 completion of the sale, the director now directly owns 178,785 shares of the company’s stock, valued at $5,817,663.90. The trade was a 6.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.77% of the company’s stock.

Essential Properties Realty Trust Trading Up 0.2 %

NYSE:EPRT opened at $31.97 on Friday. Essential Properties Realty Trust, Inc. has a 52 week low of $26.07 and a 52 week high of $34.88. 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 firm’s fifty day moving average is $31.67 and its 200-day moving average is $32.05. The firm has a market cap of $6.31 billion, a P/E ratio of 28.04, a P/E/G ratio of 2.90 and a beta of 1.09.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The business had revenue of $129.35 million for the quarter, compared to analyst estimates of $124.88 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. The business’s revenue was up 24.9% on a year-over-year basis. Equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 102.61%.

Essential Properties Realty Trust 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.