Wakefield Asset Management LLLP Sells 459 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Wakefield Asset Management LLLP trimmed its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,218 shares of the company’s stock after selling 459 shares during the quarter. Wakefield Asset Management LLLP’s holdings in Essential Properties Realty Trust were worth $893,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EPRT. Heritage Wealth Advisors grew its stake in Essential Properties Realty Trust by 71.4% during the 4th quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock worth $31,000 after buying an additional 500 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Essential Properties Realty Trust during the fourth quarter worth about $31,000. CWM LLC increased its holdings in shares of 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 acquiring an additional 686 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Essential Properties Realty Trust by 116.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock valued at $54,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Signaturefd LLC grew its position in Essential Properties Realty Trust by 54.2% during the 2nd quarter. Signaturefd LLC now owns 3,729 shares of the company’s stock worth $103,000 after purchasing an additional 1,310 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 1,200 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 513,264 shares in the company, valued at $14,371,392. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Peter M. Mavoides sold 1,200 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $28.00, for a total value of $33,600.00. Following the completion of the sale, the chief executive officer now directly owns 513,264 shares of the company’s stock, valued at $14,371,392. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter M. Mavoides sold 12,712 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 500,552 shares in the company, valued at approximately $14,030,472.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,775 shares of company stock valued at $964,484. 0.81% of the stock is currently owned by insiders.

Essential Properties Realty Trust Stock Down 0.1 %

Shares of NYSE EPRT opened at $32.08 on Friday. Essential Properties Realty Trust, Inc. has a 52-week low of $20.49 and a 52-week high of $32.56. The company’s 50-day simple moving average is $30.06 and its 200-day simple moving average is $27.54. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.71 and a beta of 1.35.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). The company had revenue of $109.30 million for the quarter, compared to analyst estimates of $102.99 million. Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. Equities analysts predict that Essential Properties Realty Trust, Inc. will post 1.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Scotiabank raised their target price on Essential Properties Realty Trust from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Wedbush assumed coverage on Essential Properties Realty Trust in a research report on Monday, August 19th. They issued an “outperform” rating and a $34.00 target price on the stock. Stifel Nicolaus raised their price target on shares of Essential Properties Realty Trust from $31.25 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Raymond James increased their price objective on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Finally, The Goldman Sachs Group began 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.73.

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.