Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stock Holdings Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,369 shares of the company’s stock after acquiring an additional 896 shares during the quarter. New York State Common Retirement Fund’s holdings in Essential Properties Realty Trust were worth $1,645,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC raised its holdings in Essential Properties Realty Trust by 666.8% during the 4th quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock worth $64,000 after buying an additional 2,167 shares during the period. Covestor Ltd raised its stake in Essential Properties Realty Trust by 15.5% during the 3rd quarter. Covestor Ltd now owns 7,848 shares of the company’s stock valued at $170,000 after purchasing an additional 1,052 shares during the period. Cambria Investment Management L.P. acquired a new stake in shares of Essential Properties Realty Trust in the third quarter worth $201,000. Glenmede Trust Co. NA purchased a new position in shares of Essential Properties Realty Trust during the third quarter valued at $223,000. Finally, Evergreen Capital Management LLC boosted its position in Essential Properties Realty Trust by 11.2% during the 3rd quarter. Evergreen Capital Management LLC now owns 10,851 shares of the company’s stock worth $238,000 after acquiring an additional 1,091 shares during the period. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $27.11 on Friday. The company has a market cap of $4.75 billion, a P/E ratio of 22.04, a P/E/G ratio of 1.98 and a beta of 1.26. Essential Properties Realty Trust, Inc. has a 1 year low of $20.49 and a 1 year high of $27.49. The company has a current ratio of 7.61, a quick ratio of 7.61 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $25.76 and a 200 day simple moving average of $24.83.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio is currently 92.68%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EPRT. Stifel Nicolaus increased their price target 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. 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 research note on Thursday, March 7th. BMO Capital Markets started coverage on Essential Properties Realty Trust in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $29.00 price target for the company. B. Riley reiterated a “buy” rating and issued a $29.00 target price (up from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. Finally, Citigroup upgraded shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $25.00 to $28.50 in a research note on Friday, March 22nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $28.22.

Insider Transactions at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 25,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $27.09, for a total value of $677,250.00. Following the completion of the sale, the director now directly owns 247,492 shares of the company’s stock, valued at $6,704,558.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Peter M. Mavoides sold 9,188 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total transaction of $238,979.88. Following the transaction, the chief executive officer now directly owns 554,904 shares in the company, valued at $14,433,053.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen D. Sautel sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $27.09, for a total value of $677,250.00. Following the completion of the sale, the director now owns 247,492 shares of the company’s stock, valued at approximately $6,704,558.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,906 shares of company stock worth $1,351,999. Company insiders own 0.81% of the company’s stock.

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.