Corient Private Wealth LLC Trims Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Corient Private Wealth LLC cut its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,821 shares of the company’s stock after selling 531 shares during the period. Corient Private Wealth LLC’s holdings in Essential Properties Realty Trust were worth $526,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EPRT. MassMutual Private Wealth & Trust FSB raised its stake in shares of Essential Properties Realty Trust by 74.5% in the fourth 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 during the period. Jones Financial Companies Lllp raised its stake in 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 acquiring an additional 1,119 shares during the period. Versant Capital Management Inc lifted its holdings in Essential Properties Realty Trust by 215.4% during the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock valued at $38,000 after purchasing an additional 827 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Essential Properties Realty Trust by 275.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock worth $77,000 after purchasing an additional 1,802 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in shares of Essential Properties Realty Trust in the third quarter worth $79,000. Institutional investors own 96.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EPRT shares. Scotiabank lowered their target price on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Capital One Financial began coverage on Essential Properties Realty Trust in a research report on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 price objective on the stock. 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 target price for the company. Barclays lowered their price target on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, B. Riley lowered shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and increased their price objective for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.91.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock opened at $32.58 on Friday. Essential Properties Realty Trust, Inc. has a 52-week low of $24.72 and a 52-week high of $34.88. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.90 and a beta of 1.36. The firm’s fifty day moving average is $31.83 and its 200 day moving average is $32.40. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. Sell-side analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 103.51%.

Insider Activity

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of Essential Properties Realty Trust stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total transaction of $406,750.00. Following the completion of the transaction, the director now directly owns 178,785 shares of the company’s stock, valued at $5,817,663.90. The trade was a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

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.