Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Free Report) CEO Peter M. Mavoides sold 9,188 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total value of $238,979.88. Following the completion of the sale, the chief executive officer now directly owns 554,904 shares of the company's stock, valued at $14,433,053.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Essential Properties Realty Trust Price Performance
EPRT stock opened at $26.66 on Friday. The firm has a 50 day moving average price of $24.92 and a 200-day moving average price of $24.01. Essential Properties Realty Trust, Inc. has a 52-week low of $20.49 and a 52-week high of $26.77. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.96 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 5.01 and a current ratio of 5.01.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.14 dividend on an annualized basis and a yield of 4.28%. Essential Properties Realty Trust's payout ratio is currently 91.94%.
Hedge Funds Weigh In On Essential Properties Realty Trust
A number of hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Essential Properties Realty Trust by 18.4% in the 4th quarter. Wellington Management Group LLP now owns 9,931,196 shares of the company's stock worth $253,841,000 after acquiring an additional 1,543,346 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Essential Properties Realty Trust by 18.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 120,002 shares of the company's stock worth $3,067,000 after purchasing an additional 18,369 shares during the period. Price T Rowe Associates Inc. MD grew its position in Essential Properties Realty Trust by 4.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 83,166 shares of the company's stock worth $2,126,000 after purchasing an additional 3,403 shares during the period. GSA Capital Partners LLP bought a new stake in Essential Properties Realty Trust in the 4th quarter worth approximately $1,292,000. Finally, Mercer Global Advisors Inc. ADV grew its position in Essential Properties Realty Trust by 39.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,463 shares of the company's stock worth $446,000 after purchasing an additional 4,939 shares during the period. 96.98% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
EPRT has been the subject of several recent analyst reports. B. Riley reaffirmed a "buy" rating and issued a $29.00 target price (up from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. BMO Capital Markets initiated coverage on Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an "outperform" rating and a $29.00 target price on the stock. Raymond James increased their price objective on Essential Properties Realty Trust from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, January 8th. Citigroup upgraded Essential Properties Realty Trust from a "neutral" rating to a "buy" rating and raised their price target for the company from $25.00 to $28.50 in a research report on Friday, March 22nd. Finally, Stifel Nicolaus raised their price target on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a "buy" rating in a research report on Tuesday, March 19th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Essential Properties Realty Trust currently has an average rating of "Buy" and a consensus price target of $28.22.
Check Out Our Latest Analysis on EPRT
Essential Properties Realty Trust Company Profile
(
Get Free Report)
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.
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