Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Peter M. Mavoides Sells 20,863 Shares

Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Peter M. Mavoides sold 20,863 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $27.54, for a total value of $574,567.02. Following the completion of the transaction, the chief executive officer now directly owns 514,464 shares in the company, valued at approximately $14,168,338.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Essential Properties Realty Trust Stock Up 0.5 %

EPRT stock opened at $27.82 on Thursday. The company’s 50 day moving average is $27.12 and its two-hundred day moving average is $25.92. Essential Properties Realty Trust, Inc. has a twelve month low of $20.49 and a twelve month high of $28.18. The company has a current ratio of 7.61, a quick ratio of 7.61 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.88 billion, a P/E ratio of 22.62, a PEG ratio of 2.11 and a beta of 1.35.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Friday, June 28th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s dividend payout ratio is currently 94.31%.

Hedge Funds Weigh In On Essential Properties Realty Trust

Hedge funds have recently made changes to their positions in the company. First Hawaiian Bank boosted its position in shares of Essential Properties Realty Trust by 19.0% in the 2nd quarter. First Hawaiian Bank now owns 23,312 shares of the company’s stock valued at $646,000 after purchasing an additional 3,722 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Essential Properties Realty Trust by 116.4% in the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after acquiring an additional 1,046 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Essential Properties Realty Trust by 31.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 157,731 shares of the company’s stock worth $4,205,000 after acquiring an additional 37,729 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Essential Properties Realty Trust in the 1st quarter valued at $290,000. Finally, Price T Rowe Associates Inc. MD raised its position in Essential Properties Realty Trust by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,838 shares of the company’s stock valued at $2,369,000 after purchasing an additional 5,672 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on EPRT. Scotiabank upped their target price on shares of Essential Properties Realty Trust from $26.00 to $28.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 29th. Citigroup upgraded shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $25.00 to $28.50 in a report on Friday, March 22nd. UBS Group started coverage on shares of Essential Properties Realty Trust in a report on Friday, May 31st. They issued a “buy” rating and a $30.00 target price for the company. Stifel Nicolaus boosted their target price on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group began coverage on Essential Properties Realty Trust in a research report on Friday, June 28th. They set a “buy” rating and a $33.00 price target for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Essential Properties Realty Trust Company 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.