Proficio Capital Partners LLC Takes $346,000 Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Proficio Capital Partners LLC acquired a new position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 11,073 shares of the company’s stock, valued at approximately $346,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Essential Properties Realty Trust by 1.0% during the third quarter. State Street Corp now owns 10,033,209 shares of the company’s stock valued at $345,535,000 after buying an additional 96,615 shares during the last quarter. Geode Capital Management LLC lifted its position in Essential Properties Realty Trust by 2.7% during the third quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company’s stock valued at $152,642,000 after purchasing an additional 118,927 shares in the last quarter. FMR LLC grew its holdings in Essential Properties Realty Trust by 1.9% during the third quarter. FMR LLC now owns 4,138,674 shares of the company’s stock valued at $141,336,000 after purchasing an additional 76,475 shares during the period. Principal Financial Group Inc. increased its position 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 worth $92,246,000 after buying an additional 469,610 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Essential Properties Realty Trust by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company’s stock worth $89,866,000 after buying an additional 43,179 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Stock Up 0.2 %

NYSE:EPRT opened at $32.38 on Wednesday. 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 cap of $6.08 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 2.90 and a beta of 1.36. The stock has a fifty day simple moving average of $31.76 and a 200-day simple moving average of $32.39. Essential Properties Realty Trust, Inc. has a twelve month low of $24.72 and a twelve month high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 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%. Analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be issued a $0.295 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.64%. Essential Properties Realty Trust’s dividend payout ratio is presently 103.51%.

Analyst Ratings Changes

EPRT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 target price for the company. Scotiabank reduced their price objective 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 note on Friday, February 28th. B. Riley cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. 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. Finally, Barclays decreased 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. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $34.91.

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.