Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 30.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,900 shares of the company’s stock after buying an additional 2,085 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Essential Properties Realty Trust were worth $278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Selective Wealth Management Inc. raised its position in shares of Essential Properties Realty Trust by 1.9% during the 4th quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company’s stock worth $673,000 after purchasing an additional 395 shares during the period. Arizona State Retirement System raised its position in shares of Essential Properties Realty Trust by 0.8% during the 4th quarter. Arizona State Retirement System now owns 50,884 shares of the company’s stock worth $1,592,000 after purchasing an additional 399 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after purchasing an additional 468 shares during the period. GAMMA Investing LLC raised its position in shares of Essential Properties Realty Trust by 24.0% during the 4th quarter. GAMMA Investing LLC now owns 3,935 shares of the company’s stock worth $123,000 after purchasing an additional 762 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Essential Properties Realty Trust by 215.4% during the 4th 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. Institutional investors and hedge funds own 96.98% of the company’s stock.

Wall Street Analyst Weigh In

EPRT has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $38.00 price target on the stock. Scotiabank dropped their price target on Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. B. Riley cut Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and raised their target price for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Barclays lowered their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Capital One Financial started coverage on Essential Properties Realty Trust in a research report on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Essential Properties Realty Trust has an average rating of “Moderate Buy” and an average price target of $34.48.

Insider Transactions at Essential Properties Realty Trust

In other news, Director Stephen D. Sautel sold 30,000 shares of the stock in a transaction on Monday, February 24th. The stock was 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 in the company, valued at $6,998,932.15. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Stock Performance

Shares of NYSE EPRT opened at $31.72 on Friday. The stock has a fifty day moving average price of $31.70 and a two-hundred day moving average price of $32.38. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. The firm has a market cap of $5.95 billion, a P/E ratio of 27.82, a PEG ratio of 2.90 and a beta of 1.36. Essential Properties Realty Trust, Inc. has a 1 year low of $24.72 and a 1 year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data 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%. Research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio 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.