Bailard Inc. Sells 3,800 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Bailard Inc. lessened its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,453 shares of the company’s stock after selling 3,800 shares during the period. Bailard Inc.’s holdings in Essential Properties Realty Trust were worth $676,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Essential Properties Realty Trust by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 24,730,518 shares of the company’s stock valued at $534,921,000 after buying an additional 134,840 shares during the last quarter. Invesco Ltd. raised its position in Essential Properties Realty Trust by 36.6% in the 3rd quarter. Invesco Ltd. now owns 6,015,270 shares of the company’s stock valued at $130,110,000 after buying an additional 1,611,484 shares during the last quarter. Deutsche Bank AG raised its position in Essential Properties Realty Trust by 31.4% in the 3rd quarter. Deutsche Bank AG now owns 5,305,696 shares of the company’s stock valued at $114,762,000 after buying an additional 1,267,534 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Essential Properties Realty Trust by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,209,156 shares of the company’s stock valued at $47,784,000 after buying an additional 180,393 shares during the last quarter. Finally, Northern Trust Corp raised its position in Essential Properties Realty Trust by 3.1% in the 3rd quarter. Northern Trust Corp now owns 2,060,124 shares of the company’s stock valued at $44,560,000 after buying an additional 61,323 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

Analysts Set New Price Targets

EPRT has been the topic of a number of recent research reports. Raymond James lifted their target price on Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. BMO Capital Markets started coverage on Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price target on the stock. B. Riley reaffirmed a “buy” rating and set a $29.00 price target (up previously from $27.50) on shares of Essential Properties Realty Trust in a research report on Wednesday, March 13th. Stifel Nicolaus boosted their price target on 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. Finally, Citigroup raised Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $25.00 to $28.50 in a research report on Friday, March 22nd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Essential Properties Realty Trust presently has an average rating of “Buy” and a consensus price target of $28.22.

Insider Buying and Selling

In related news, CEO Peter M. Mavoides sold 9,188 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $14,433,053.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Peter M. Mavoides sold 17,618 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $24.90, for a total value of $438,688.20. Following the completion of the sale, the chief executive officer now directly owns 353,303 shares in the company, valued at approximately $8,797,244.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter M. Mavoides sold 9,188 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total value of $238,979.88. Following the completion of the sale, the chief executive officer now owns 554,904 shares of the company’s stock, valued at $14,433,053.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,524 shares of company stock valued at $1,113,438. 0.81% of the stock is owned by insiders.

Essential Properties Realty Trust Stock Down 0.2 %

EPRT stock opened at $25.68 on Friday. The company has a current ratio of 7.61, a quick ratio of 5.01 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $4.50 billion, a PE ratio of 20.87, a PEG ratio of 1.90 and a beta of 1.27. Essential Properties Realty Trust, Inc. has a 1-year low of $20.49 and a 1-year high of $26.77. The business’s 50 day simple moving average is $25.32 and its 200 day simple moving average is $24.49.

Essential Properties Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Wednesday, March 27th. Essential Properties Realty Trust’s payout ratio is presently 92.68%.

Essential Properties Realty Trust Company 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.