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

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

Essential Properties Realty Trust Trading Up 0.5 %

NYSE:EPRT opened at $27.82 on Thursday. The stock has a fifty day simple moving average of $27.12 and a 200 day simple moving average of $25.92. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. The company has a quick ratio of 7.61, a current ratio of 7.61 and a debt-to-equity ratio of 0.51. Essential Properties Realty Trust, Inc. has a 1-year low of $20.49 and a 1-year high of $28.18.

Essential Properties Realty Trust Increases Dividend

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

Wall Street Analysts Forecast Growth

EPRT has been the topic of several analyst reports. Stifel Nicolaus raised their target price on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group initiated coverage on Essential Properties Realty Trust in a research note on Friday, June 28th. They set a “buy” rating and a $33.00 price target for the company. Citigroup upgraded Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Mizuho raised their target price on Essential Properties Realty Trust from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, B. Riley reiterated a “buy” rating and issued a $29.00 price target (up from $27.50) on shares of Essential Properties Realty Trust in a research report on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Institutional Trading of Essential Properties Realty Trust

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Essential Properties Realty Trust by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 25,377,389 shares of the company’s stock valued at $676,561,000 after buying an additional 1,060,079 shares during the period. Wellington Management Group LLP grew its position in Essential Properties Realty Trust by 18.4% in the fourth quarter. Wellington Management Group LLP now owns 9,931,196 shares of the company’s stock worth $253,841,000 after acquiring an additional 1,543,346 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Essential Properties Realty Trust by 31.4% during the 3rd quarter. Deutsche Bank AG now owns 5,305,696 shares of the company’s stock worth $114,762,000 after purchasing an additional 1,267,534 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Essential Properties Realty Trust by 7.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,697,079 shares of the company’s stock valued at $71,904,000 after purchasing an additional 187,256 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Essential Properties Realty Trust by 17.7% in the 4th quarter. Russell Investments Group Ltd. now owns 2,614,218 shares of the company’s stock valued at $66,947,000 after purchasing an additional 393,041 shares during the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

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.