Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Peter M. Mavoides Sells 9,188 Shares

Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Peter M. Mavoides sold 9,188 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 554,904 shares in the company, valued at $14,433,053.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Essential Properties Realty Trust Price Performance

EPRT traded up $0.13 on Thursday, hitting $26.66. 1,808,281 shares of the stock were exchanged, compared to its average volume of 1,419,231. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 5.01 and a quick ratio of 5.01. Essential Properties Realty Trust, Inc. has a 12 month low of $20.49 and a 12 month high of $26.77. The business has a 50-day moving average of $24.88 and a two-hundred day moving average of $23.99.

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 91.94%.

Institutional Investors Weigh In On Essential Properties Realty Trust

A number of hedge funds have recently made changes to their positions in EPRT. EdgeRock Capital LLC bought a new stake in Essential Properties Realty Trust in the 4th quarter worth approximately $26,000. Heritage Wealth Advisors raised its holdings in Essential Properties Realty Trust by 71.4% in the fourth quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock worth $31,000 after purchasing an additional 500 shares in the last quarter. Principal Securities Inc. bought a new position in Essential Properties Realty Trust in the fourth quarter worth $31,000. Tucker Asset Management LLC bought a new position in Essential Properties Realty Trust in the second quarter worth $31,000. Finally, Signaturefd LLC increased its holdings in shares of Essential Properties Realty Trust by 666.8% during the fourth quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock valued at $64,000 after acquiring an additional 2,167 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup upgraded shares of 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. B. Riley reissued a “buy” rating and set a $29.00 target price (up from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. Raymond James upped their price target on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. 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 report on Tuesday, March 19th. Finally, Mizuho reduced their price objective on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $28.22.

About Essential Properties Realty Trust

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.