Prudent Man Advisors LLC Sells 1,189 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Prudent Man Advisors LLC reduced its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,196 shares of the company’s stock after selling 1,189 shares during the quarter. Prudent Man Advisors LLC’s holdings in Essential Properties Realty Trust were worth $350,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Metis Global Partners LLC lifted its position in Essential Properties Realty Trust by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 20,104 shares of the company’s stock worth $629,000 after buying an additional 2,052 shares in the last quarter. QRG Capital Management Inc. lifted its position in Essential Properties Realty Trust by 7.3% during the 4th quarter. QRG Capital Management Inc. now owns 79,452 shares of the company’s stock worth $2,485,000 after buying an additional 5,423 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Essential Properties Realty Trust during the 4th quarter worth about $346,000. Illinois Municipal Retirement Fund lifted its position in Essential Properties Realty Trust by 6.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 95,819 shares of the company’s stock worth $2,997,000 after buying an additional 5,566 shares in the last quarter. Finally, TCW Group Inc. bought a new stake in Essential Properties Realty Trust during the 4th quarter worth about $872,000. 96.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Stephen D. Sautel sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $31.99, for a total transaction of $959,700.00. Following the completion of the sale, the director now owns 218,785 shares of the company’s stock, valued at approximately $6,998,932.15. This represents a 12.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Stock Up 0.5 %

Shares of EPRT opened at $32.66 on Friday. Essential Properties Realty Trust, Inc. has a 52 week low of $23.58 and a 52 week high of $34.88. The firm has a market cap of $6.13 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 2.90 and a beta of 1.40. The firm’s 50-day simple moving average is $31.61 and its 200 day simple moving average is $32.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. On average, analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s dividend payout ratio is presently 103.51%.

Wall Street Analyst Weigh In

EPRT has been the topic of several analyst reports. Wells Fargo & Company cut their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. B. Riley lowered shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. UBS Group boosted their price objective on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Scotiabank lowered their price objective on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 11th. They set a “buy” rating and a $38.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.48.

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.