Landscape Capital Management L.L.C. Buys Shares of 35,961 Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Landscape Capital Management L.L.C. purchased a new position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 35,961 shares of the company’s stock, valued at approximately $1,125,000.

A number of other institutional investors have also made changes to their positions in the stock. Crowley Wealth Management Inc. bought a new position in Essential Properties Realty Trust during the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB grew its holdings in 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 period. Jones Financial Companies Lllp increased its stake in Essential Properties Realty Trust by 1,834.4% in 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 in the last quarter. Versant Capital Management Inc raised its holdings in Essential Properties Realty Trust by 215.4% in the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock worth $38,000 after purchasing an additional 827 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position 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 worth $77,000 after purchasing an additional 1,802 shares in the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Essential Properties Realty Trust

In other 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 completion of the transaction, the director now directly owns 178,785 shares in the company, valued at approximately $5,817,663.90. The trade was a 6.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays lowered their price objective on shares of 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. B. Riley lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and raised their price target for the stock from $29.50 to $33.50 in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price objective for the company. Capital One Financial began coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an “overweight” rating and a $35.00 target price on the stock. Finally, Scotiabank reduced their price target on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.91.

Essential Properties Realty Trust Trading Down 3.3 %

Essential Properties Realty Trust stock opened at $30.77 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36. The firm has a 50-day moving average of $31.88 and a 200-day moving average of $32.38. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 2.90 and a beta of 1.07. Essential Properties Realty Trust, Inc. has a one year low of $24.72 and a one year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate 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, equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend 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%.

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.