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

Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Peter M. Mavoides sold 1,200 shares of Essential Properties Realty Trust stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $28.00, for a total transaction 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 legal 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 company has a quick ratio of 7.61, a current ratio of 7.61 and a debt-to-equity ratio of 0.51. The company has a market cap 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. Essential Properties Realty Trust, Inc. has a twelve month low of $20.49 and a twelve month high of $28.18. The business’s fifty day moving average is $27.12 and its 200 day moving average is $25.92.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Friday, June 28th. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s payout ratio is 94.31%.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EdgeRock Capital LLC acquired a new stake in shares of Essential Properties Realty Trust during the fourth quarter worth $26,000. Heritage Wealth Advisors boosted its position 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 acquiring an additional 500 shares during the last quarter. Principal Securities Inc. acquired a new stake in Essential Properties Realty Trust during the 4th quarter worth about $31,000. 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 worth $54,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Essential Properties Realty Trust by 666.8% in the 4th quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock valued at $64,000 after purchasing an additional 2,167 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Mizuho increased their price target on shares of 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. Citigroup upgraded shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.00 to $28.50 in a research note on Friday, March 22nd. Stifel Nicolaus boosted their price target on Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Scotiabank raised their price objective on Essential Properties Realty Trust from $26.00 to $28.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 29th. Finally, UBS Group began coverage on Essential Properties Realty Trust in a research note on Friday, May 31st. They set a “buy” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Essential Properties Realty Trust has an average rating of “Moderate Buy” and an average target price of $29.00.

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.