Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,417 shares of the company’s stock after acquiring an additional 1,325 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.05% of Essential Properties Realty Trust worth $2,158,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Deutsche Bank AG grew its stake in Essential Properties Realty Trust by 31.4% during the 3rd quarter. Deutsche Bank AG now owns 5,305,696 shares of the company’s stock valued at $114,762,000 after purchasing an additional 1,267,534 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Essential Properties Realty Trust by 9.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 49,834 shares of the company’s stock valued at $1,078,000 after purchasing an additional 4,105 shares in the last quarter. Victory Capital Management Inc. grew its stake in Essential Properties Realty Trust by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,133,159 shares of the company’s stock valued at $24,510,000 after purchasing an additional 63,496 shares in the last quarter. Rhumbline Advisers grew its stake in Essential Properties Realty Trust by 12.6% during the 3rd quarter. Rhumbline Advisers now owns 556,319 shares of the company’s stock valued at $12,033,000 after purchasing an additional 62,169 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Essential Properties Realty Trust during the 3rd quarter valued at approximately $715,000. 96.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Essential Properties Realty Trust

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

Analysts Set New Price Targets

Several brokerages have recently commented on EPRT. Mizuho decreased 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 report on Thursday, March 7th. B. Riley reiterated a “buy” rating and issued a $29.00 target price (up previously from $27.50) on shares of Essential Properties Realty Trust in a research report on Wednesday, March 13th. BMO Capital Markets began coverage on Essential Properties Realty Trust in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $29.00 target price for the company. Citigroup upgraded Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $28.50 in a research report on Friday, March 22nd. Finally, Raymond James lifted their target price on Essential Properties Realty Trust from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, Essential Properties Realty Trust currently has an average rating of “Buy” and a consensus target price of $28.22.

Essential Properties Realty Trust Trading Up 1.3 %

Shares of NYSE EPRT opened at $25.48 on Friday. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.27. Essential Properties Realty Trust, Inc. has a 12-month low of $20.49 and a 12-month high of $26.77. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.56. The stock’s 50 day simple moving average is $25.17 and its 200 day simple moving average is $24.33.

Essential Properties Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 4.47%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s payout ratio is currently 91.94%.

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.