Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Sells $574,567.02 in Stock

Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Peter M. Mavoides sold 20,863 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $27.54, for a total transaction of $574,567.02. Following the transaction, the chief executive officer now directly owns 514,464 shares of the company’s stock, valued at approximately $14,168,338.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Essential Properties Realty Trust Trading Up 0.6 %

NYSE EPRT traded up $0.16 during trading hours on Wednesday, hitting $27.85. The company’s stock had a trading volume of 449,678 shares, compared to its average volume of 1,393,399. The stock has a fifty day moving average of $27.09 and a 200 day moving average of $25.91. Essential Properties Realty Trust, Inc. has a twelve month low of $20.49 and a twelve month high of $28.18. The firm has a market capitalization of $4.88 billion, a P/E ratio of 22.52, a PEG ratio of 2.11 and a beta of 1.35. The company has a quick ratio of 7.61, a current ratio of 7.61 and a debt-to-equity ratio of 0.51.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.29 dividend. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a yield of 4.17%. The ex-dividend date is Friday, June 28th. Essential Properties Realty Trust’s dividend payout ratio is currently 94.31%.

Analysts Set New Price Targets

A number of brokerages have recently commented on EPRT. UBS Group began coverage on shares of Essential Properties Realty Trust in a research report on Friday, May 31st. They set a “buy” rating and a $30.00 price objective for the company. B. Riley reaffirmed a “buy” rating and set a $29.00 price objective (up previously from $27.50) on shares of Essential Properties Realty Trust in a research report on Wednesday, March 13th. 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 for the company. Mizuho upped their price objective on shares of Essential Properties Realty Trust from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Stifel Nicolaus upped their target price 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. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $29.00.

Hedge Funds Weigh In On Essential Properties Realty Trust

Large investors have recently bought and sold shares of the business. EdgeRock Capital LLC acquired a new position in Essential Properties Realty Trust in the fourth quarter valued at approximately $26,000. Heritage Wealth Advisors lifted 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 valued at $31,000 after buying an additional 500 shares during the period. Principal Securities Inc. acquired a new position in Essential Properties Realty Trust in the fourth quarter valued at approximately $31,000. GAMMA Investing LLC raised its holdings in Essential Properties Realty Trust by 116.4% in the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock worth $54,000 after purchasing an additional 1,046 shares during the period. Finally, Signaturefd LLC raised its holdings in Essential Properties Realty Trust by 666.8% in 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. 96.98% of the stock is currently owned by institutional investors and hedge funds.

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.