6,975 Shares in Essential Properties Realty Trust, Inc. (NYSE:EPRT) Bought by ClearAlpha Technologies LP

ClearAlpha Technologies LP purchased a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,975 shares of the company’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EPRT. Crowley Wealth Management Inc. purchased a new position in Essential Properties Realty Trust in the fourth quarter valued at $28,000. MassMutual Private Wealth & Trust FSB boosted 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 acquiring an additional 468 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock valued at $37,000 after acquiring an additional 1,119 shares during the last quarter. Versant Capital Management Inc raised its position 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 acquiring an additional 827 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in 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 purchasing an additional 1,802 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. B. Riley lowered shares of 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. Scotiabank cut their price target on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Barclays decreased 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 research note on Tuesday, February 4th. Finally, Capital One Financial began coverage on 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. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the 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.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $31.84 on Tuesday. The stock has a fifty day moving average price of $31.63 and a 200 day moving average price of $32.10. Essential Properties Realty Trust, Inc. has a 1-year low of $25.30 and a 1-year high of $34.88. 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 company has a market cap of $5.98 billion, a PE ratio of 27.93, a P/E/G ratio of 2.90 and a beta of 1.08.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, February 12th. The company reported $0.45 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%. Sell-side analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were issued a $0.295 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.71%. Essential Properties Realty Trust’s dividend payout ratio is currently 103.51%.

Insider Activity 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 shares were sold at an average price of $32.54, for a total transaction of $406,750.00. Following the sale, the director now owns 178,785 shares of the company’s stock, valued at approximately $5,817,663.90. The trade was 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 at this link. Company insiders own 0.81% of the company’s stock.

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.