Mackenzie Financial Corp Sells 3,170 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Mackenzie Financial Corp lessened its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,658 shares of the company’s stock after selling 3,170 shares during the quarter. Mackenzie Financial Corp’s holdings in Essential Properties Realty Trust were worth $758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Arizona State Retirement System grew its stake in shares of Essential Properties Realty Trust by 1.4% during the third quarter. Arizona State Retirement System now owns 42,379 shares of the company’s stock worth $917,000 after buying an additional 573 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Essential Properties Realty Trust by 0.3% during the third quarter. New York State Teachers Retirement System now owns 229,759 shares of the company’s stock worth $4,970,000 after purchasing an additional 683 shares during the period. Algert Global LLC lifted its holdings in shares of Essential Properties Realty Trust by 0.3% during the third quarter. Algert Global LLC now owns 257,289 shares of the company’s stock worth $5,565,000 after purchasing an additional 709 shares during the period. Amalgamated Bank lifted its holdings in shares of Essential Properties Realty Trust by 1.4% during the third quarter. Amalgamated Bank now owns 61,134 shares of the company’s stock worth $1,322,000 after purchasing an additional 816 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Essential Properties Realty Trust by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 18,823 shares of the company’s stock worth $407,000 after purchasing an additional 839 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $25.73 on Friday. The firm’s 50-day moving average price is $25.30 and its 200-day moving average price is $24.46. Essential Properties Realty Trust, Inc. has a 1-year low of $20.49 and a 1-year high of $26.77. The firm has a market capitalization of $4.36 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.94 and a beta of 1.27. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.56.

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $0.285 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.14 annualized dividend and a dividend yield of 4.43%. Essential Properties Realty Trust’s dividend payout ratio is currently 91.94%.

Analyst Ratings Changes

EPRT has been the topic of a number of recent research reports. Raymond James lifted their price target on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Mizuho cut their price target on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Stifel Nicolaus boosted their target price on shares of Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a report on Tuesday, March 19th. Citigroup upgraded shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Finally, B. Riley restated a “buy” rating and issued a $29.00 target price (up previously from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $28.22.

Insider Activity

In other news, CEO Peter M. Mavoides sold 11,904 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $24.35, for a total transaction of $289,862.40. Following the transaction, the chief executive officer now owns 571,606 shares in the company, valued at $13,918,606.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Peter M. Mavoides sold 11,904 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $24.35, for a total transaction of $289,862.40. Following the transaction, the chief executive officer now owns 571,606 shares in the company, valued at $13,918,606.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter M. Mavoides sold 5,714 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $25.08, for a total transaction of $143,307.12. Following the sale, the chief executive officer now directly owns 565,892 shares of the company’s stock, valued at $14,192,571.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,524 shares of company stock worth $1,113,438. Company insiders own 0.81% of the company’s stock.

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.