Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Bought by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. lifted its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,355 shares of the company’s stock after buying an additional 581 shares during the period. Summit Investment Advisors Inc.’s holdings in Essential Properties Realty Trust were worth $574,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Selective Wealth Management Inc. increased its stake in shares of Essential Properties Realty Trust by 1.9% in the fourth quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company’s stock worth $673,000 after acquiring an additional 395 shares during the period. Arizona State Retirement System raised its position in shares of Essential Properties Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 50,884 shares of the company’s stock valued at $1,592,000 after buying an additional 399 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after buying an additional 468 shares in the last quarter. United Services Automobile Association raised its position 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 buying an additional 730 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Essential Properties Realty Trust by 24.0% in the 4th quarter. GAMMA Investing LLC now owns 3,935 shares of the company’s stock valued at $123,000 after acquiring an additional 762 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stephen D. Sautel sold 12,500 shares of the business’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 completion of the transaction, the director now owns 178,785 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on EPRT. Capital One Financial initiated 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 price target for the company. Scotiabank dropped their target price 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 report on Friday, February 28th. Barclays lowered their target price on shares of 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. Finally, B. Riley downgraded 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 research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.91.

Essential Properties Realty Trust Stock Up 1.0 %

Essential Properties Realty Trust stock opened at $32.18 on Friday. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. Essential Properties Realty Trust, Inc. has a fifty-two week low of $25.09 and a fifty-two week high of $34.88. The stock’s fifty day moving average is $31.61 and its two-hundred day moving average is $32.12.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share 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%. Analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) 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.