Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lessened its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 7.0% in the 4th quarter, Holdings Channel reports. The fund owned 232,509 shares of the company’s stock after selling 17,616 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Essential Properties Realty Trust were worth $7,273,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Essential Properties Realty Trust by 74.5% in 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 lifted its stake in shares of 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 during the period. Versant Capital Management Inc lifted its stake in shares of 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 valued at $38,000 after purchasing an additional 827 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Essential Properties Realty Trust by 275.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock valued at $77,000 after purchasing an additional 1,802 shares during the period. Finally, Morse Asset Management Inc acquired a new stake in shares of Essential Properties Realty Trust in the third quarter valued at about $79,000. Institutional investors and hedge funds own 96.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Stephen D. Sautel sold 12,500 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total value of $406,750.00. Following the transaction, the director now owns 178,785 shares in the company, valued at approximately $5,817,663.90. This represents a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.81% of the stock is currently owned by corporate insiders.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $31.76 on Wednesday. Essential Properties Realty Trust, Inc. has a twelve month low of $24.72 and a twelve month high of $34.88. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.90 and a beta of 1.36. The firm has a 50-day moving average of $31.67 and a two-hundred day moving average of $32.39.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating 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%. As a group, 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. Investors of record on Monday, March 31st will be issued a $0.295 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.72%. Essential Properties Realty Trust’s dividend payout ratio is currently 103.51%.

Analysts Set New Price Targets

EPRT has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price objective for the company. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an “overweight” rating and a $35.00 target price for the company. Barclays cut their target price 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. Scotiabank cut their target price on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, B. Riley cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $29.50 to $33.50 in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.48.

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.