abrdn plc Has $732,000 Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

abrdn plc cut its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,642 shares of the company’s stock after selling 2,644 shares during the period. abrdn plc’s holdings in Essential Properties Realty Trust were worth $732,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Covestor Ltd raised its stake in 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 acquiring an additional 1,052 shares in the last quarter. Cambria Investment Management L.P. bought a new position in Essential Properties Realty Trust during the 3rd quarter valued at about $201,000. Glenmede Trust Co. NA acquired a new position in Essential Properties Realty Trust in the third quarter valued at about $223,000. Evergreen Capital Management LLC increased its holdings 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 in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Essential Properties Realty Trust during the third quarter worth approximately $306,000. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

EPRT stock opened at $26.31 on Tuesday. 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, Inc. has a twelve month low of $20.49 and a twelve month high of $26.77. The business’s fifty day moving average is $25.35 and its 200-day moving average is $24.57. The company has a market cap of $4.61 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27.

Essential Properties Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.285 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.14 annualized dividend and a yield of 4.33%. Essential Properties Realty Trust’s dividend payout ratio is presently 92.68%.

Analyst Ratings Changes

A number of research firms recently weighed in on EPRT. Citigroup raised Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Mizuho cut their price target on 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. B. Riley restated a “buy” rating and issued 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. Raymond James upped 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. Finally, Stifel Nicolaus boosted their price objective on shares of Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $28.22.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 11,904 shares of Essential Properties Realty Trust stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $24.35, for a total value of $289,862.40. Following the sale, the chief executive officer now owns 571,606 shares of the company’s stock, valued at approximately $13,918,606.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Peter M. Mavoides sold 5,714 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $25.08, for a total transaction of $143,307.12. Following the transaction, the chief executive officer now directly owns 565,892 shares in the company, valued at $14,192,571.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Peter M. Mavoides sold 11,904 shares of Essential Properties Realty Trust 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 completion of 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 worth $1,113,438 over the last ninety days. 0.81% of the stock is currently owned by corporate 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.