9,650 Shares in Essential Properties Realty Trust, Inc. (NYSE:EPRT) Acquired by BCO Wealth Management LLC

BCO Wealth Management LLC purchased a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 9,650 shares of the company’s stock, valued at approximately $302,000. Essential Properties Realty Trust comprises about 0.3% of BCO Wealth Management LLC’s portfolio, making the stock its 27th largest position.

A number of other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Essential Properties Realty Trust by 16.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,851,232 shares of the company’s stock valued at $57,907,000 after purchasing an additional 256,457 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Essential Properties Realty Trust by 2.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 115,500 shares of the company’s stock valued at $3,637,000 after buying an additional 2,889 shares during the period. United Services Automobile Association increased its stake in shares of Essential Properties Realty Trust by 7.0% during the 4th quarter. United Services Automobile Association now owns 11,183 shares of the company’s stock valued at $350,000 after acquiring an additional 730 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of Essential Properties Realty Trust during the 4th quarter worth about $28,000. Finally, LPL Financial LLC boosted its position in shares of Essential Properties Realty Trust by 14.1% in the fourth quarter. LPL Financial LLC now owns 26,403 shares of the company’s stock worth $826,000 after acquiring an additional 3,271 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Insider Activity at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 12,500 shares of the stock in a transaction on 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 transaction, the director now owns 178,785 shares of the company’s stock, valued at approximately $5,817,663.90. This represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EPRT shares. B. Riley downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and increased their price target for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Barclays cut their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Scotiabank decreased their target price on 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. Capital One Financial started coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on Essential Properties Realty Trust in a research note 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 eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.91.

Essential Properties Realty Trust Price Performance

Shares of EPRT stock opened at $32.83 on Thursday. The firm has a fifty day moving average of $31.79 and a two-hundred day moving average of $32.39. The firm has a market cap of $6.16 billion, a P/E ratio of 28.79, a P/E/G ratio of 2.90 and a beta of 1.36. Essential Properties Realty Trust, Inc. has a 1-year low of $24.72 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.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, beating 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%. As a group, research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio is presently 103.51%.

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.