Liberty Mutual Group Asset Management Inc. Sells 9,456 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Liberty Mutual Group Asset Management Inc. decreased its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 10.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 85,188 shares of the company’s stock after selling 9,456 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Essential Properties Realty Trust were worth $2,361,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EPRT. Hsbc Holdings PLC grew its position in shares of Essential Properties Realty Trust by 25.2% during the 4th quarter. Hsbc Holdings PLC now owns 111,751 shares of the company’s stock valued at $2,861,000 after purchasing an additional 22,525 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in Essential Properties Realty Trust during the fourth quarter worth about $383,000. Evoke Wealth LLC bought a new position in Essential Properties Realty Trust in the 4th quarter worth about $240,000. Campbell & CO Investment Adviser LLC raised its holdings in shares of Essential Properties Realty Trust by 139.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 48,931 shares of the company’s stock valued at $1,251,000 after acquiring an additional 28,524 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its position in shares of Essential Properties Realty Trust by 24.2% during the 4th quarter. Centersquare Investment Management LLC now owns 15,580 shares of the company’s stock valued at $398,000 after acquiring an additional 3,038 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Scotiabank upped their price objective on shares of Essential Properties Realty Trust from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group began coverage on shares of Essential Properties Realty Trust in a research report on Friday, June 28th. They set a “buy” rating and a $33.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of Essential Properties Realty Trust from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, August 26th. Evercore ISI increased their target price on Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Raymond James lifted their price target on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.13.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $33.96 on Friday. The firm’s fifty day simple moving average is $31.30 and its 200 day simple moving average is $28.40. Essential Properties Realty Trust, Inc. has a twelve month low of $20.49 and a twelve month high of $34.51. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59. The stock has a market cap of $5.95 billion, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 2.93 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.13). The firm had revenue of $109.30 million during the quarter, compared to the consensus estimate of $102.99 million. Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The firm’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. As a group, research analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Monday, September 30th. Essential Properties Realty Trust’s payout ratio is currently 94.31%.

Insider Transactions at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 1,200 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $28.00, for a total value of $33,600.00. Following the transaction, the chief executive officer now owns 513,264 shares in the company, valued at approximately $14,371,392. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Peter M. Mavoides sold 1,200 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total transaction of $33,600.00. Following the transaction, the chief executive officer now directly owns 513,264 shares of the company’s stock, valued at $14,371,392. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Peter M. Mavoides sold 27,817 shares of Essential Properties Realty Trust stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the sale, the chief executive officer now owns 446,076 shares of the company’s stock, valued at $14,421,637.08. The disclosure for this sale can be found here. Insiders have sold a total of 62,592 shares of company stock valued at $1,863,808 in the last ninety days. 0.81% of the stock is currently owned by corporate insiders.

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.