Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stock Holdings Lessened by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,706 shares of the company’s stock after selling 862 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Essential Properties Realty Trust were worth $1,449,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in Essential Properties Realty Trust by 666.8% during the fourth quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock valued at $64,000 after acquiring an additional 2,167 shares in the last quarter. Covestor Ltd lifted its position in shares of Essential Properties Realty Trust by 15.5% in the third quarter. Covestor Ltd now owns 7,848 shares of the company’s stock worth $170,000 after buying an additional 1,052 shares during the last quarter. Cambria Investment Management L.P. acquired a new stake in shares of Essential Properties Realty Trust in the third quarter worth about $201,000. Glenmede Trust Co. NA bought a new stake in shares of Essential Properties Realty Trust during the 3rd quarter worth about $223,000. Finally, Evergreen Capital Management LLC increased its holdings in shares of Essential Properties Realty Trust by 11.2% during the 3rd quarter. Evergreen Capital Management LLC now owns 10,851 shares of the company’s stock valued at $238,000 after acquiring an additional 1,091 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Down 1.0 %

EPRT stock opened at $27.01 on Thursday. Essential Properties Realty Trust, Inc. has a 1-year low of $20.49 and a 1-year high of $27.49. The company has a current ratio of 7.61, a quick ratio of 7.61 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $25.69 and its 200-day moving average is $24.82. The firm has a market cap of $4.73 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.98 and a beta of 1.26.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 92.68%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EPRT. Stifel Nicolaus upped their target price on Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Mizuho decreased their price objective on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Citigroup raised shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $25.00 to $28.50 in a research report on Friday, March 22nd. BMO Capital Markets began coverage on Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price objective for the company. Finally, B. Riley reiterated a “buy” rating and set a $29.00 price target (up from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Essential Properties Realty Trust currently has a consensus rating of “Buy” and an average price target of $28.22.

Insiders Place Their Bets

In other news, Director Stephen D. Sautel sold 25,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $27.09, for a total value of $677,250.00. Following the sale, the director now owns 247,492 shares of the company’s stock, valued at approximately $6,704,558.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 11,904 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $24.35, for a total value of $289,862.40. Following the transaction, the chief executive officer now owns 571,606 shares of the company’s stock, valued at $13,918,606.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen D. Sautel sold 25,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $27.09, for a total value of $677,250.00. Following the completion of the sale, the director now owns 247,492 shares of the company’s stock, valued at $6,704,558.28. The disclosure for this sale can be found here. Insiders sold 51,906 shares of company stock worth $1,351,999 over the last three months. 0.81% of the stock is currently owned by corporate insiders.

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.