Peter M. Mavoides Sells 1,200 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) Stock

Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Peter M. Mavoides sold 1,200 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $28.00, for a total value of $33,600.00. Following the completion of the transaction, the chief executive officer now directly owns 513,264 shares of the company’s stock, valued at $14,371,392. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Essential Properties Realty Trust Stock Up 0.6 %

Essential Properties Realty Trust stock opened at $27.85 on Friday. The business’s 50-day simple moving average is $27.16 and its two-hundred day simple moving average is $25.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 7.61 and a current ratio of 7.61. The company has a market cap of $4.88 billion, a PE ratio of 22.64, a PEG ratio of 2.12 and a beta of 1.35. Essential Properties Realty Trust, Inc. has a fifty-two week low of $20.49 and a fifty-two week high of $28.18.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.17%. The ex-dividend date is Friday, June 28th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s dividend payout ratio is 94.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EPRT shares. UBS Group initiated coverage on Essential Properties Realty Trust in a research note on Friday, May 31st. They issued a “buy” rating and a $30.00 target price on the stock. Citigroup upgraded shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $25.00 to $28.50 in a research note on Friday, March 22nd. The Goldman Sachs Group started coverage on shares of Essential Properties Realty Trust in a report on Friday, June 28th. They issued a “buy” rating and a $33.00 price target on the stock. Mizuho raised their price objective on Essential Properties Realty Trust from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Scotiabank upped their target price on Essential Properties Realty Trust from $26.00 to $28.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 29th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.00.

Hedge Funds Weigh In On Essential Properties Realty Trust

Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Essential Properties Realty Trust during the fourth quarter worth $48,312,000. Wellington Management Group LLP raised its stake in shares of Essential Properties Realty Trust by 18.4% during the 4th quarter. Wellington Management Group LLP now owns 9,931,196 shares of the company’s stock valued at $253,841,000 after buying an additional 1,543,346 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Essential Properties Realty Trust by 31.4% in the 3rd quarter. Deutsche Bank AG now owns 5,305,696 shares of the company’s stock valued at $114,762,000 after buying an additional 1,267,534 shares during the period. Vanguard Group Inc. boosted its stake in shares of Essential Properties Realty Trust by 4.4% in the first quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock worth $676,561,000 after buying an additional 1,060,079 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Essential Properties Realty Trust during the third quarter worth about $11,896,000. 96.98% of the stock is owned by hedge funds and other institutional investors.

About Essential Properties Realty Trust

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.