Pictet Asset Management Holding SA Purchases 936 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Pictet Asset Management Holding SA increased its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,796 shares of the company’s stock after purchasing an additional 936 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Essential Properties Realty Trust were worth $1,714,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new position in shares of Essential Properties Realty Trust in the 4th quarter valued at $28,000. MassMutual Private Wealth & Trust FSB increased its stake in Essential Properties Realty Trust by 74.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after acquiring an additional 468 shares during the period. Jones Financial Companies Lllp raised its position in Essential Properties Realty Trust by 1,834.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock worth $37,000 after purchasing an additional 1,119 shares in the last quarter. Versant Capital Management Inc lifted its stake in Essential Properties Realty Trust by 215.4% during the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock worth $38,000 after purchasing an additional 827 shares during the period. Finally, Morse Asset Management Inc acquired a new stake in Essential Properties Realty Trust during the third quarter valued at approximately $79,000. 96.98% of the stock is owned by institutional investors.

Essential Properties Realty Trust Stock Down 3.3 %

Shares of EPRT opened at $30.77 on Friday. The business’s fifty day moving average price is $31.88 and its two-hundred day moving average price is $32.38. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.90 and a beta of 1.07. 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 debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 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%. On average, analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 103.51%.

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the company’s stock in a transaction dated 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 sale, the director now owns 178,785 shares in the company, 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 company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EPRT. Capital One Financial assumed coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 target price for the company. Barclays cut their price objective on 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. Scotiabank lowered 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 report on Friday, February 28th. B. Riley downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lifted their price target for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of 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 analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $34.91.

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.