Victory Capital Management Inc. Sells 119,461 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Victory Capital Management Inc. cut its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 7.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,387,298 shares of the company’s stock after selling 119,461 shares during the period. Victory Capital Management Inc.’s holdings in Essential Properties Realty Trust were worth $43,395,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EPRT. State Street Corp lifted its holdings in Essential Properties Realty Trust by 1.0% in the 3rd quarter. State Street Corp now owns 10,033,209 shares of the company’s stock worth $345,535,000 after buying an additional 96,615 shares during the period. Geode Capital Management LLC lifted its stake in Essential Properties Realty Trust by 2.7% in the third quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company’s stock worth $152,642,000 after acquiring an additional 118,927 shares during the period. FMR LLC boosted its holdings in Essential Properties Realty Trust by 1.9% in the third quarter. FMR LLC now owns 4,138,674 shares of the company’s stock valued at $141,336,000 after acquiring an additional 76,475 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Essential Properties Realty Trust by 18.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company’s stock valued at $92,246,000 after acquiring an additional 469,610 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Essential Properties Realty Trust by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company’s stock valued at $89,866,000 after purchasing an additional 43,179 shares during the period. 96.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EPRT has been the topic of a number of research reports. Mizuho lifted their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Capital One Financial assumed coverage on 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. UBS Group increased their target price on Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. B. Riley lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lifted their price target for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.48.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of Essential Properties Realty Trust stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $31.99, for a total value 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. The trade was a 12.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.81% of the stock is owned by insiders.

Essential Properties Realty Trust Stock Up 1.8 %

Shares of Essential Properties Realty Trust stock opened at $32.29 on Friday. The company has a 50-day simple moving average of $31.66 and a two-hundred day simple moving average of $32.39. The stock has a market capitalization of $6.06 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36. Essential Properties Realty Trust, Inc. has a 52-week low of $24.72 and a 52-week high of $34.88. 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 released its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating 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, analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.65%. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 103.51%.

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.