Strs Ohio Trims Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Strs Ohio lowered its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 22.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 312,560 shares of the company’s stock after selling 91,600 shares during the quarter. Strs Ohio owned 0.19% of Essential Properties Realty Trust worth $7,989,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Essential Properties Realty Trust by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 24,730,518 shares of the company’s stock valued at $534,921,000 after purchasing an additional 134,840 shares in the last quarter. Wellington Management Group LLP increased its holdings in Essential Properties Realty Trust by 0.8% in the first quarter. Wellington Management Group LLP now owns 11,118,105 shares of the company’s stock valued at $281,288,000 after buying an additional 92,469 shares in the last quarter. State Street Corp boosted its stake in shares of Essential Properties Realty Trust by 3.8% during the 2nd quarter. State Street Corp now owns 9,514,224 shares of the company’s stock worth $226,581,000 after acquiring an additional 347,171 shares in the last quarter. Invesco Ltd. grew its position in shares of Essential Properties Realty Trust by 36.6% during the 3rd quarter. Invesco Ltd. now owns 6,015,270 shares of the company’s stock valued at $130,110,000 after acquiring an additional 1,611,484 shares during the period. Finally, Morgan Stanley increased its stake in shares of Essential Properties Realty Trust by 11.9% in the 3rd quarter. Morgan Stanley now owns 5,856,247 shares of the company’s stock valued at $126,671,000 after purchasing an additional 624,439 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 5,714 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $25.08, for a total value of $143,307.12. Following the transaction, the chief executive officer now directly owns 565,892 shares of the company’s stock, valued at approximately $14,192,571.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Peter M. Mavoides sold 17,618 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $24.90, for a total value of $438,688.20. Following the completion of the sale, the chief executive officer now owns 353,303 shares of the company’s stock, valued at $8,797,244.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter M. Mavoides sold 5,714 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $25.08, for a total transaction of $143,307.12. Following the sale, the chief executive officer now owns 565,892 shares of the company’s stock, valued at $14,192,571.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,524 shares of company stock valued at $1,113,438. Corporate insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Trading Up 0.6 %

Shares of EPRT opened at $24.91 on Thursday. Essential Properties Realty Trust, Inc. has a 52-week low of $20.49 and a 52-week high of $26.77. The stock has a market cap of $4.22 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.86 and a beta of 1.27. The firm’s fifty day moving average is $25.14 and its two-hundred day moving average is $24.29. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.56.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors 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 dividend on an annualized basis and a yield of 4.58%. Essential Properties Realty Trust’s payout ratio is presently 91.94%.

Analysts Set New Price Targets

EPRT has been the topic of a number of recent analyst reports. Citigroup upgraded Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $25.00 to $28.50 in a research report on Friday, March 22nd. 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 lifted their price target on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. B. Riley restated a “buy” rating and set a $29.00 price objective (up from $27.50) on shares of Essential Properties Realty Trust in a research report on Wednesday, March 13th. Finally, Stifel Nicolaus lifted their target price on shares of 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 investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Essential Properties Realty Trust presently has an average rating of “Buy” and a consensus target price of $28.22.

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.