Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Sells $238,979.88 in Stock

Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Peter M. Mavoides sold 9,188 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total value of $238,979.88. Following the transaction, the chief executive officer now directly owns 554,904 shares in the company, valued at $14,433,053.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Essential Properties Realty Trust Price Performance

Shares of EPRT traded up $0.13 during mid-day trading on Thursday, hitting $26.66. 1,808,281 shares of the company were exchanged, compared to its average volume of 1,419,231. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 1.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 5.01 and a current ratio of 5.01. Essential Properties Realty Trust, Inc. has a 1-year low of $20.49 and a 1-year high of $26.77. The company has a 50 day moving average of $24.88 and a 200-day moving average of $23.99.

Essential Properties Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be issued a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.14 dividend on an annualized basis and a yield of 4.28%. Essential Properties Realty Trust’s payout ratio is 91.94%.

Institutional Trading of Essential Properties Realty Trust

Hedge funds have recently bought and sold shares of the business. EdgeRock Capital LLC acquired a new stake in Essential Properties Realty Trust in the 4th quarter valued at about $26,000. Heritage Wealth Advisors grew its stake in shares of Essential Properties Realty Trust by 71.4% in the 4th quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock valued at $31,000 after buying an additional 500 shares during the period. Principal Securities Inc. purchased a new stake in shares of Essential Properties Realty Trust in the 4th quarter valued at approximately $31,000. Tucker Asset Management LLC purchased a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at approximately $31,000. Finally, Signaturefd LLC grew its stake in shares of Essential Properties Realty Trust by 666.8% in the 4th quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock valued at $64,000 after buying an additional 2,167 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Analysts Set New Price Targets

EPRT has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a report on Tuesday, March 19th. Raymond James boosted their price objective on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Mizuho lowered their price target on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. B. Riley reaffirmed a “buy” rating and issued a $29.00 price target (up from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Finally, Citigroup raised shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $28.22.

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.