Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Free Report) 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 transaction of $677,250.00. Following the completion of the transaction, the director now directly owns 247,492 shares in the company, valued at approximately $6,704,558.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Essential Properties Realty Trust Stock Performance
EPRT stock opened at $27.01 on Thursday. Essential Properties Realty Trust, Inc. has a fifty-two week low of $20.49 and a fifty-two week high of $27.49. The company has a quick ratio of 7.61, a current ratio of 7.61 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.73 billion, a P/E ratio of 21.96, a PEG ratio of 1.98 and a beta of 1.26. The company has a 50-day simple moving average of $25.69 and a 200 day simple moving average of $24.82.
Essential Properties Realty Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.285 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.14 annualized dividend and a dividend yield of 4.22%. Essential Properties Realty Trust's dividend payout ratio (DPR) is 92.68%.
Institutional Inflows and Outflows
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Hedge funds and other institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC boosted its stake in Essential Properties Realty Trust by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 31,457 shares of the company's stock worth $839,000 after purchasing an additional 2,164 shares during the period. Hohimer Wealth Management LLC acquired a new position in shares of Essential Properties Realty Trust in the 1st quarter valued at about $339,000. QRG Capital Management Inc. boosted its holdings in shares of Essential Properties Realty Trust by 18.4% during the first quarter. QRG Capital Management Inc. now owns 52,374 shares of the company's stock worth $1,396,000 after purchasing an additional 8,156 shares during the period. Thoroughbred Financial Services LLC increased its stake in Essential Properties Realty Trust by 5.3% in the 1st quarter. Thoroughbred Financial Services LLC now owns 12,879 shares of the company's stock valued at $343,000 after buying an additional 654 shares during the period. Finally, Sei Investments Co. lifted its position in Essential Properties Realty Trust by 60.4% in the 1st quarter. Sei Investments Co. now owns 715,160 shares of the company's stock worth $19,066,000 after buying an additional 269,379 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have commented on EPRT. Stifel Nicolaus boosted their price objective on Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a "buy" rating in a research note on Tuesday, March 19th. Citigroup raised shares of 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 report on Friday, March 22nd. B. Riley reiterated a "buy" rating and issued a $29.00 price objective (up previously from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Mizuho lowered their target price on Essential Properties Realty Trust from $27.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, March 7th. Finally, BMO Capital Markets started coverage on Essential Properties Realty Trust in a report on Tuesday, February 13th. They issued an "outperform" rating and a $29.00 price target for the company. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Essential Properties Realty Trust presently has an average rating of "Buy" and a consensus price target of $28.22.
View Our Latest Stock Report on Essential Properties Realty Trust
About Essential Properties Realty Trust
(
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.
Further Reading
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