Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stake Boosted by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRTFree Report) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,873 shares of the company’s stock after purchasing an additional 11,830 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.11% of Essential Properties Realty Trust worth $4,700,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EPRT. Covestor Ltd lifted its stake in Essential Properties Realty Trust by 15.5% during the third quarter. Covestor Ltd now owns 7,848 shares of the company’s stock worth $170,000 after purchasing an additional 1,052 shares during the last quarter. Cambria Investment Management L.P. bought a new stake in Essential Properties Realty Trust in the third quarter valued at $201,000. Glenmede Trust Co. NA bought a new stake in Essential Properties Realty Trust in the third quarter valued at $223,000. Evergreen Capital Management LLC lifted its stake in Essential Properties Realty Trust by 11.2% in the third quarter. Evergreen Capital Management LLC now owns 10,851 shares of the company’s stock valued at $238,000 after buying an additional 1,091 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Essential Properties Realty Trust in the third quarter valued at $306,000. 96.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup upgraded Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.00 to $28.50 in a research note on Friday, March 22nd. B. Riley reiterated a “buy” rating and issued a $29.00 target price (up from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. BMO Capital Markets started coverage on Essential Properties Realty Trust in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $29.00 target price on the stock. Stifel Nicolaus raised their price target on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, Raymond James raised their price target on Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $28.22.

Get Our Latest Analysis on EPRT

Insider Buying and Selling

In related news, CEO Peter M. Mavoides sold 9,188 shares of Essential Properties Realty Trust stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total transaction of $238,979.88. Following the transaction, the chief executive officer now directly owns 554,904 shares of the company’s stock, valued at $14,433,053.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Peter M. Mavoides sold 5,714 shares of Essential Properties Realty Trust stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $25.08, for a total value of $143,307.12. Following the transaction, the chief executive officer now owns 565,892 shares of the company’s stock, valued at approximately $14,192,571.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter M. Mavoides sold 9,188 shares of Essential Properties Realty Trust stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total value of $238,979.88. Following the completion of the transaction, the chief executive officer now directly owns 554,904 shares in the company, valued at approximately $14,433,053.04. The disclosure for this sale can be found here. Insiders have sold a total of 44,524 shares of company stock valued at $1,113,438 over the last three months. Company insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of EPRT opened at $26.28 on Wednesday. The stock’s fifty day moving average is $25.23 and its 200-day moving average is $24.44. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. Essential Properties Realty Trust, Inc. has a one year low of $20.49 and a one year high of $26.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 5.01 and a current ratio of 5.01.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s payout ratio is currently 91.94%.

About Essential Properties Realty Trust

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

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