Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. reduced its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 48.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392,414 shares of the company’s stock after selling 367,673 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.22% of Essential Properties Realty Trust worth $12,275,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its stake in Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after purchasing an additional 468 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock valued at $37,000 after purchasing an additional 1,119 shares in the last quarter. Versant Capital Management Inc increased its stake in Essential Properties Realty Trust by 215.4% in the 4th 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. Morse Asset Management Inc purchased a new position in Essential Properties Realty Trust in the 3rd quarter valued at approximately $79,000. Finally, Smartleaf Asset Management LLC increased its stake in Essential Properties Realty Trust by 275.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock valued at $77,000 after purchasing an additional 1,802 shares in the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Essential Properties Realty Trust Price Performance

Shares of NYSE:EPRT opened at $30.81 on Thursday. The company has a market cap of $5.78 billion, a P/E ratio of 27.03, a P/E/G ratio of 2.90 and a beta of 1.36. 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, Inc. has a 52 week low of $24.72 and a 52 week high of $34.88. The business has a fifty day simple moving average of $31.65 and a 200-day simple moving average of $32.39.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio is presently 103.51%.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the business’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 transaction, the director now owns 178,785 shares in the company, valued at $5,817,663.90. The trade was a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EPRT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price objective for the company. Barclays dropped their price target 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. Mizuho raised their price target on Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. UBS Group raised their price target on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, B. Riley downgraded Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and raised their price target for the stock 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.48.

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.