Moran Wealth Management LLC Decreases Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Moran Wealth Management LLC cut its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,725 shares of the company’s stock after selling 4,689 shares during the quarter. Moran Wealth Management LLC’s holdings in Essential Properties Realty Trust were worth $1,743,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Essential Properties Realty Trust by 26.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 244,424 shares of the company’s stock worth $8,347,000 after buying an additional 51,196 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Essential Properties Realty Trust by 33.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company’s stock worth $85,491,000 after acquiring an additional 621,445 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Essential Properties Realty Trust by 4.0% during the third quarter. Thrivent Financial for Lutherans now owns 1,712,800 shares of the company’s stock worth $58,492,000 after acquiring an additional 66,058 shares during the last quarter. Barclays PLC raised its position in Essential Properties Realty Trust by 118.6% during the third quarter. Barclays PLC now owns 297,989 shares of the company’s stock valued at $10,176,000 after purchasing an additional 161,697 shares during the period. Finally, Truist Financial Corp bought a new stake in shares of Essential Properties Realty Trust in the 4th quarter valued at approximately $287,000. Institutional investors own 96.98% of the company’s stock.

Insider Activity

In other Essential Properties Realty Trust 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 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. This trade represents a 6.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $38.00 target price on the stock. B. Riley cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Barclays lowered their target price on shares of 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. UBS Group upped their price target on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Mizuho increased their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.48.

Essential Properties Realty Trust Stock Down 1.4 %

Shares of NYSE:EPRT opened at $31.12 on Wednesday. The business’s 50 day moving average is $31.66 and its 200 day moving average is $32.40. The stock has a market cap of $5.84 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36. Essential Properties Realty Trust, Inc. has a 52-week low of $24.72 and a 52-week high of $34.88. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 103.51%.

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.