Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Sells $356,317.36 in Stock

Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Peter M. Mavoides sold 12,712 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $28.03, for a total value of $356,317.36. Following the sale, the chief executive officer now owns 500,552 shares of the company’s stock, valued at $14,030,472.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Essential Properties Realty Trust Stock Up 2.9 %

Shares of NYSE:EPRT opened at $29.15 on Friday. Essential Properties Realty Trust, Inc. has a 52-week low of $20.49 and a 52-week high of $29.46. The firm has a market capitalization of $5.11 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.15 and a beta of 1.35. The stock has a 50 day moving average price of $27.37 and a 200-day moving average price of $26.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 7.61 and a current ratio of 7.61.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed 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 is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.16 dividend on an annualized basis and a yield of 3.98%. Essential Properties Realty Trust’s payout ratio is presently 94.31%.

Analysts Set New Price Targets

Several brokerages recently weighed in on EPRT. Stifel Nicolaus increased their target price on 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 Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $25.00 to $28.50 in a report on Friday, March 22nd. UBS Group started coverage on Essential Properties Realty Trust in a report on Friday, May 31st. They issued a “buy” rating and a $30.00 price objective for the company. Scotiabank increased their price objective on Essential Properties Realty Trust from $26.00 to $28.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 29th. Finally, Mizuho increased their price objective on Essential Properties Realty Trust from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, May 10th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. EdgeRock Capital LLC purchased a new position in Essential Properties Realty Trust during the fourth quarter valued at $26,000. Heritage Wealth Advisors raised its stake in Essential Properties Realty Trust by 71.4% during the fourth quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock valued at $31,000 after buying an additional 500 shares during the last quarter. Principal Securities Inc. purchased a new position in Essential Properties Realty Trust during the fourth quarter valued at $31,000. CWM LLC raised its stake in Essential Properties Realty Trust by 122.9% during the second quarter. CWM LLC now owns 1,244 shares of the company’s stock valued at $34,000 after buying an additional 686 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Essential Properties Realty Trust by 116.4% during the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after buying an additional 1,046 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

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.