Adelante Capital Management LLC Has $1.49 Million Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Adelante Capital Management LLC trimmed its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 95.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,763 shares of the company's stock after selling 1,063,871 shares during the period. Adelante Capital Management LLC's holdings in Essential Properties Realty Trust were worth $1,494,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EPRT. Norges Bank acquired a new position in shares of Essential Properties Realty Trust in the 4th quarter worth approximately $83,341,000. Bank of Montreal Can boosted its stake in Essential Properties Realty Trust by 237.7% in the fourth quarter. Bank of Montreal Can now owns 2,100,485 shares of the company's stock worth $65,703,000 after purchasing an additional 1,478,451 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Essential Properties Realty Trust by 33.9% during the fourth quarter. Invesco Ltd. now owns 4,651,728 shares of the company's stock worth $145,506,000 after purchasing an additional 1,178,284 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Essential Properties Realty Trust in the fourth quarter valued at $21,438,000. Finally, FIL Ltd raised its holdings in shares of Essential Properties Realty Trust by 32,343.4% in the fourth quarter. FIL Ltd now owns 673,524 shares of the company's stock valued at $21,068,000 after buying an additional 671,448 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Capital One Financial started coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price objective for the company. B. Riley cut shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $29.50 to $33.50 in a research report on Wednesday, February 19th. 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 research report on Friday, February 28th. Finally, Barclays dropped their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Essential Properties Realty Trust has a consensus rating of "Moderate Buy" and an average price target of $34.91.

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total value of $406,750.00. Following the completion of the transaction, the director now directly owns 178,785 shares of the company's stock, valued at approximately $5,817,663.90. This represents a 6.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is owned by insiders.

Essential Properties Realty Trust Trading Up 0.2 %

NYSE EPRT traded up $0.06 during trading on Friday, reaching $31.97. 891,882 shares of the stock traded hands, compared to its average volume of 1,425,908. Essential Properties Realty Trust, Inc. has a fifty-two week low of $26.07 and a fifty-two week high of $34.88. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. The stock's 50-day moving average price is $31.67 and its 200 day moving average price is $32.06.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $129.35 million during the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. Essential Properties Realty Trust's quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. Analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio (DPR) is presently 102.61%.

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.