Allstate Corp Sells 2,854 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Allstate Corp cut its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 3.9% in the fourth quarter, HoldingsChannel reports. The fund owned 70,224 shares of the company’s stock after selling 2,854 shares during the period. Allstate Corp’s holdings in Essential Properties Realty Trust were worth $2,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EPRT. Crowley Wealth Management Inc. bought a new stake in Essential Properties Realty Trust during the fourth quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB raised its stake in Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after purchasing an additional 468 shares during the period. Jones Financial Companies Lllp lifted its holdings in Essential Properties Realty Trust by 1,834.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock worth $37,000 after purchasing an additional 1,119 shares in the last quarter. Versant Capital Management Inc boosted its stake in Essential Properties Realty Trust by 215.4% in the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock worth $38,000 after purchasing an additional 827 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Essential Properties Realty Trust by 275.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company’s stock valued at $77,000 after buying an additional 1,802 shares in the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Down 0.2 %

NYSE EPRT opened at $32.58 on Friday. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 52 week low of $24.72 and a 52 week high of $34.88. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.90 and a beta of 1.36. The company has a fifty day moving average of $31.83 and a two-hundred day moving average of $32.40.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. On average, analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio is currently 103.51%.

Analysts Set New Price Targets

EPRT has been the subject of a number of research reports. Capital One Financial started coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an “overweight” rating and a $35.00 target price for the company. B. Riley lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and raised their price objective for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft began coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 target price on the stock. Barclays cut their price target on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Scotiabank decreased their price objective on Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.91.

Insider Buying and Selling

In other news, Director Stephen D. Sautel sold 12,500 shares of Essential Properties Realty Trust stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total transaction of $406,750.00. Following the completion of the sale, the director now owns 178,785 shares of the company’s stock, valued at approximately $5,817,663.90. The trade was a 6.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.81% of the stock is owned by corporate insiders.

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.