American Century Companies Inc. reduced its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) by 0.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,079,302 shares of the company’s stock after selling 11,910 shares during the period. American Century Companies Inc. owned about 1.19% of Essential Properties Realty Trust worth $57,617,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of EPRT. Asset Dedication LLC bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth approximately $27,000. Heritage Wealth Advisors grew its stake in shares of 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 acquiring an additional 500 shares during the period. Principal Securities Inc. purchased a new stake in Essential Properties Realty Trust in the 4th quarter worth about $31,000. CWM LLC lifted its holdings in Essential Properties Realty Trust by 122.9% during the second quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after purchasing an additional 686 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Essential Properties Realty Trust by 116.4% during the second 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. Hedge funds and other institutional investors own 96.98% of the company’s stock.
Essential Properties Realty Trust Trading Up 1.3 %
NYSE EPRT opened at $32.81 on Monday. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $30.52 and its two-hundred day simple moving average is $27.87. Essential Properties Realty Trust, Inc. has a twelve month low of $20.49 and a twelve month high of $32.96. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.73 and a beta of 1.37.
Essential Properties Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be issued a dividend of $0.29 per share. The ex-dividend date is Monday, September 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.54%. Essential Properties Realty Trust’s dividend payout ratio is 94.31%.
Insider Activity at Essential Properties Realty Trust
In related news, CEO Peter M. Mavoides sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total transaction of $33,600.00. Following the transaction, the chief executive officer now directly owns 513,264 shares of the company’s stock, valued at approximately $14,371,392. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the transaction, the chief executive officer now directly owns 446,076 shares in the company, valued at approximately $14,421,637.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Peter M. Mavoides sold 1,200 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total value of $33,600.00. Following the transaction, the chief executive officer now owns 513,264 shares in the company, valued at $14,371,392. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,592 shares of company stock valued at $1,863,808. Corporate insiders own 0.81% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of Essential Properties Realty Trust from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th. Wedbush began coverage on Essential Properties Realty Trust in a research report on Monday, August 19th. They set an “outperform” rating and a $34.00 target price on the stock. Truist Financial lifted their price target on Essential Properties Realty Trust from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Raymond James increased their price objective on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company lifted their target price on Essential Properties Realty Trust from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.73.
Get Our Latest Stock Report on Essential Properties Realty Trust
About Essential Properties Realty Trust
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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