Envestnet Asset Management Inc. increased its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 98.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,729 shares of the company's stock after buying an additional 70,982 shares during the period. Envestnet Asset Management Inc. owned 0.09% of Essential Properties Realty Trust worth $3,087,000 as of its most recent SEC filing.
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Other institutional investors and hedge funds also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in Essential Properties Realty Trust by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 42,379 shares of the company's stock worth $917,000 after purchasing an additional 573 shares in the last quarter. Vident Investment Advisory LLC lifted its stake in Essential Properties Realty Trust by 1.6% in the 4th quarter. Vident Investment Advisory LLC now owns 39,741 shares of the company's stock worth $933,000 after purchasing an additional 613 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Essential Properties Realty Trust by 0.3% during the 3rd quarter. New York State Teachers Retirement System now owns 229,759 shares of the company's stock valued at $4,970,000 after buying an additional 683 shares in the last quarter. Metropolitan Life Insurance Co NY raised its position in shares of Essential Properties Realty Trust by 6.3% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 12,685 shares of the company's stock valued at $299,000 after buying an additional 750 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Essential Properties Realty Trust by 1.4% during the 3rd quarter. Amalgamated Bank now owns 61,134 shares of the company's stock valued at $1,322,000 after buying an additional 816 shares in the last quarter. 96.98% of the stock is owned by institutional investors.
Essential Properties Realty Trust Price Performance
Shares of Essential Properties Realty Trust stock opened at $24.93 on Monday. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.56. The company's fifty day simple moving average is $24.91 and its two-hundred day simple moving average is $23.83. Essential Properties Realty Trust, Inc. has a 12-month low of $20.49 and a 12-month high of $26.39. The firm has a market cap of $4.14 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27.
Essential Properties Realty Trust Dividend Announcement
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 issued a dividend of $0.285 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.14 annualized dividend and a dividend yield of 4.57%. Essential Properties Realty Trust's payout ratio is 91.94%.
Wall Street Analysts Forecast Growth
EPRT has been the topic of several research reports. B. Riley initiated coverage on shares of Essential Properties Realty Trust in a research report on Thursday, November 30th. They set a "buy" rating and a $27.50 price objective on the stock. BMO Capital Markets assumed coverage on shares of Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an "outperform" rating and a $29.00 price objective on the stock. Raymond James lifted their target price on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, January 8th. Mizuho decreased their target price on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Truist Financial reiterated a "buy" rating and issued a $29.00 target price on shares of Essential Properties Realty Trust in a research report on Monday, November 27th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $27.83.
View Our Latest Analysis on Essential Properties Realty Trust
Insider Activity
In other news, CEO Peter M. Mavoides sold 5,494 shares of the business's stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $26.05, for a total transaction of $143,118.70. Following the completion of the transaction, the chief executive officer now directly owns 414,506 shares of the company's stock, valued at $10,797,881.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Peter M. Mavoides sold 5,494 shares of the business's stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $26.05, for a total transaction of $143,118.70. Following the completion of the sale, the chief executive officer now directly owns 414,506 shares in the company, valued at $10,797,881.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter M. Mavoides sold 11,904 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $24.35, for a total transaction of $289,862.40. Following the sale, the chief executive officer now owns 571,606 shares of the company's stock, valued at $13,918,606.10. The disclosure for this sale can be found here. Insiders sold 52,634 shares of company stock valued at $1,320,928 over the last three months. Insiders own 1.06% of the company's stock.
Essential Properties Realty Trust Profile
(Free Report)
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.
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