Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP lowered its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 65.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,247 shares of the company’s stock after selling 22,994 shares during the quarter. Stevens Capital Management LP’s holdings in Essential Properties Realty Trust were worth $313,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Signaturefd LLC increased its stake in Essential Properties Realty Trust by 666.8% during the fourth quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock worth $64,000 after purchasing an additional 2,167 shares during the period. Covestor Ltd increased its stake in shares of Essential Properties Realty Trust by 15.5% during the third quarter. Covestor Ltd now owns 7,848 shares of the company’s stock worth $170,000 after buying an additional 1,052 shares during the period. Cambria Investment Management L.P. purchased a new stake in shares of Essential Properties Realty Trust during the third quarter worth approximately $201,000. Glenmede Trust Co. NA purchased a new stake in shares of Essential Properties Realty Trust during the third quarter worth approximately $223,000. Finally, Evergreen Capital Management LLC increased its stake in shares of Essential Properties Realty Trust by 11.2% during the third quarter. Evergreen Capital Management LLC now owns 10,851 shares of the company’s stock worth $238,000 after buying an additional 1,091 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of NYSE:EPRT traded down $0.05 during midday trading on Friday, hitting $25.68. 2,014,005 shares of the stock were exchanged, compared to its average volume of 1,352,217. The stock has a market cap of $4.35 billion, a P/E ratio of 20.92, a PEG ratio of 1.95 and a beta of 1.27. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.56. Essential Properties Realty Trust, Inc. has a twelve month low of $20.49 and a twelve month high of $26.77. The company has a 50 day moving average price of $25.30 and a 200-day moving average price of $24.46.

Essential Properties Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 92.68%.

Insider Transactions at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 9,188 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total value of $238,979.88. Following the completion of the transaction, the chief executive officer now owns 554,904 shares of the company’s stock, valued at approximately $14,433,053.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Peter M. Mavoides sold 9,188 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total transaction of $238,979.88. Following the completion of the transaction, the chief executive officer now owns 554,904 shares of the company’s stock, valued at approximately $14,433,053.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Peter M. Mavoides sold 11,904 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $24.35, for a total transaction of $289,862.40. Following the transaction, the chief executive officer now directly owns 571,606 shares of the company’s stock, valued at approximately $13,918,606.10. The disclosure for this sale can be found here. Insiders sold 44,524 shares of company stock valued at $1,113,438 in the last 90 days. 0.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EPRT shares. Mizuho dropped 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 research note on Thursday, March 7th. Stifel Nicolaus increased their price target on shares of Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a research note on Tuesday, March 19th. BMO Capital Markets began coverage on Essential Properties Realty Trust in a report on Tuesday, February 13th. They issued an “outperform” rating and a $29.00 price objective for the company. Citigroup raised Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Finally, B. Riley reissued a “buy” rating and issued a $29.00 price objective (up from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.