Los Angeles Capital Management LLC Sells 6,730 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Los Angeles Capital Management LLC reduced its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 13.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,419 shares of the company’s stock after selling 6,730 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Essential Properties Realty Trust were worth $1,084,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Essential Properties Realty Trust by 666.8% in the fourth quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock valued at $64,000 after acquiring an additional 2,167 shares during the period. Covestor Ltd lifted its stake in Essential Properties Realty Trust by 15.5% in 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. purchased a new position in shares of Essential Properties Realty Trust during the third quarter valued at approximately $201,000. Glenmede Trust Co. NA bought a new position in shares of Essential Properties Realty Trust during the third quarter valued at approximately $223,000. Finally, Evergreen Capital Management LLC raised its holdings in shares of 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 worth $238,000 after buying an additional 1,091 shares during the period. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 25,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $27.09, for a total transaction of $677,250.00. Following the sale, the director now directly owns 247,492 shares in the company, valued at approximately $6,704,558.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Stephen D. Sautel sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $27.09, for a total value of $677,250.00. Following the sale, the director now owns 247,492 shares of the company’s stock, valued at $6,704,558.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Peter M. Mavoides sold 11,904 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $24.35, for a total transaction of $289,862.40. Following the completion of the sale, the chief executive officer now owns 571,606 shares in the company, valued at $13,918,606.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,906 shares of company stock valued at $1,351,999. 0.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Mizuho lowered their target price on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. B. Riley restated 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. Citigroup upgraded Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $25.00 to $28.50 in a report on Friday, March 22nd. BMO Capital Markets started coverage on Essential Properties Realty Trust in a report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price target on shares of Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a report on Tuesday, March 19th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $28.22.

Essential Properties Realty Trust Trading Down 1.0 %

EPRT opened at $27.01 on Thursday. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.98 and a beta of 1.26. The company’s 50 day simple moving average is $25.69 and its two-hundred day simple moving average is $24.82. Essential Properties Realty Trust, Inc. has a 1-year low of $20.49 and a 1-year high of $27.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 7.61 and a quick ratio of 7.61.

Essential Properties Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 4.22%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio is currently 92.68%.

Essential Properties Realty Trust 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.