Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Sells $33,600.00 in Stock

Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Peter M. Mavoides sold 1,200 shares of Essential Properties Realty Trust stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $28.00, for a total transaction of $33,600.00. Following the completion of the transaction, the chief executive officer now owns 513,264 shares in the company, valued at $14,371,392. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Essential Properties Realty Trust Stock Up 0.6 %

Essential Properties Realty Trust stock opened at $27.85 on Friday. Essential Properties Realty Trust, Inc. has a fifty-two week low of $20.49 and a fifty-two week high of $28.18. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35. The stock’s fifty day moving average is $27.16 and its two-hundred day moving average is $25.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 7.61 and a current ratio of 7.61.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a dividend yield of 4.17%. Essential Properties Realty Trust’s dividend payout ratio is currently 94.31%.

Institutional Investors Weigh In On Essential Properties Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of EPRT. EdgeRock Capital LLC acquired a new position in shares of Essential Properties Realty Trust in the fourth quarter worth $26,000. Heritage Wealth Advisors increased its position in Essential Properties Realty Trust by 71.4% during the 4th quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock worth $31,000 after purchasing an additional 500 shares in the last quarter. Principal Securities Inc. acquired a new position in Essential Properties Realty Trust in the 4th quarter valued at about $31,000. GAMMA Investing LLC raised its stake in Essential Properties Realty Trust by 116.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Essential Properties Realty Trust by 666.8% in the 4th quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock valued at $64,000 after purchasing an additional 2,167 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on EPRT. B. Riley reissued 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. Mizuho increased their target price on Essential Properties Realty Trust from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank lifted their price target on Essential Properties Realty Trust from $26.00 to $28.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 29th. UBS Group initiated coverage on Essential Properties Realty Trust in a report on Friday, May 31st. They set a “buy” rating and a $30.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on Essential Properties Realty Trust in a report on Friday, June 28th. They issued a “buy” rating and a $33.00 target price for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.00.

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.