Mirae Asset Global Investments Co. Ltd. Sells 1,710 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 12.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,177 shares of the company’s stock after selling 1,710 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Essential Properties Realty Trust were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Duff & Phelps Investment Management Co. bought a new position in Essential Properties Realty Trust in the 3rd quarter worth $69,473,000. Adelante Capital Management LLC lifted its stake in shares of Essential Properties Realty Trust by 3,964.9% in the 3rd quarter. Adelante Capital Management LLC now owns 1,111,634 shares of the company’s stock valued at $37,962,000 after purchasing an additional 1,084,287 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Essential Properties Realty Trust by 434.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,086,529 shares of the company’s stock worth $37,105,000 after purchasing an additional 883,053 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Essential Properties Realty Trust by 33.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,503,405 shares of the company’s stock valued at $85,491,000 after buying an additional 621,445 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in Essential Properties Realty Trust by 840.9% during the 3rd quarter. Bank of Montreal Can now owns 622,034 shares of the company’s stock valued at $21,242,000 after acquiring an additional 555,926 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Down 1.4 %

EPRT stock opened at $30.75 on Thursday. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. Essential Properties Realty Trust, Inc. has a twelve month low of $23.58 and a twelve month high of $34.88. The stock has a market cap of $5.39 billion, a P/E ratio of 26.74, a PEG ratio of 2.91 and a beta of 1.40. The business’s 50-day moving average price is $31.72 and its 200-day moving average price is $32.11.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. On average, equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.295 dividend. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.84%. Essential Properties Realty Trust’s dividend payout ratio is 102.61%.

Analyst Ratings Changes

EPRT has been the subject of a number of analyst reports. Barclays reduced their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Mizuho raised their price target on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Scotiabank lifted their target price on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 11th. They set a “buy” rating and a $38.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.92.

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.