Raymond James Financial Inc. Invests $21.44 Million in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Raymond James Financial Inc. purchased a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRTFree Report) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 685,359 shares of the company’s stock, valued at approximately $21,438,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EPRT. MassMutual Private Wealth & Trust FSB grew its position in shares of Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after buying an additional 468 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Essential Properties Realty Trust by 1,834.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock worth $37,000 after buying an additional 1,119 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Essential Properties Realty Trust by 215.4% during the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock worth $38,000 after buying an additional 827 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Essential Properties Realty Trust by 275.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock worth $77,000 after buying an additional 1,802 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in shares of Essential Properties Realty Trust during the 3rd quarter worth $79,000. Institutional investors own 96.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $38.00 price target on the stock. Barclays dropped their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Capital One Financial assumed coverage on Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an “overweight” rating and a $35.00 price objective on the stock. Scotiabank dropped their price objective on Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Finally, B. Riley downgraded Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and raised their price objective for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.48.

View Our Latest Research Report on Essential Properties Realty Trust

Insider Transactions at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the sale, the director now directly owns 178,785 shares of the company’s stock, valued at $5,817,663.90. This trade represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Trading Up 4.0 %

Essential Properties Realty Trust stock opened at $31.75 on Monday. Essential Properties Realty Trust, Inc. has a one year low of $24.72 and a one year high of $34.88. The stock has a market cap of $5.96 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. The stock has a 50-day moving average of $31.65 and a two-hundred day moving average of $32.39.

Essential Properties Realty Trust (NYSE:EPRTGet Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. On average, research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust’s payout ratio is 103.51%.

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.

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Want to see what other hedge funds are holding EPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essential Properties Realty Trust, Inc. (NYSE:EPRTFree Report).

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

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