Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stake Lowered by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 48.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 392,414 shares of the company’s stock after selling 367,673 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Essential Properties Realty Trust were worth $12,275,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Essential Properties Realty Trust by 74.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after purchasing an additional 468 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Essential Properties Realty Trust by 1,834.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock valued at $37,000 after purchasing an additional 1,119 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Essential Properties Realty Trust by 215.4% during the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock valued at $38,000 after purchasing an additional 827 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of Essential Properties Realty Trust during the third quarter valued at approximately $79,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Essential Properties Realty Trust by 275.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock valued at $77,000 after purchasing an additional 1,802 shares during the last quarter. 96.98% of the stock is owned by institutional investors.

Essential Properties Realty Trust Stock Down 1.0 %

EPRT stock opened at $30.81 on Thursday. Essential Properties Realty Trust, Inc. has a twelve month low of $24.72 and a twelve month high of $34.88. The company has a market cap of $5.78 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36. The business’s 50-day simple moving average is $31.65 and its 200 day simple moving average is $32.39. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. On average, research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 103.51%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EPRT shares. B. Riley downgraded Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $29.50 to $33.50 in a research report on Wednesday, February 19th. Barclays cut their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $38.00 price objective for the company. Mizuho boosted their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, UBS Group boosted their target price on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.48.

Insider Buying and Selling

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of Essential Properties Realty Trust stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the sale, the director now directly owns 178,785 shares of the company’s stock, valued at approximately $5,817,663.90. The trade was a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.81% of the stock is owned by company 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.