American Century Companies Inc. Sells 11,910 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

American Century Companies Inc. reduced its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) 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 (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). The firm had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.99 million. Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. Research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

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.

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.