Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,689,226 shares of the company's stock after selling 43,089 shares during the period. Deutsche Bank AG owned approximately 3.24% of Essential Properties Realty Trust worth $177,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Invesco Ltd. lifted its holdings in Essential Properties Realty Trust by 33.9% in the fourth quarter. Invesco Ltd. now owns 4,651,728 shares of the company's stock valued at $145,506,000 after acquiring an additional 1,178,284 shares during the period. FMR LLC boosted its holdings in Essential Properties Realty Trust by 6.9% during the fourth quarter. FMR LLC now owns 4,422,710 shares of the company's stock worth $138,342,000 after buying an additional 284,036 shares in the last quarter. Principal Financial Group Inc. grew its position in Essential Properties Realty Trust by 18.9% during the fourth quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company's stock valued at $92,246,000 after buying an additional 469,610 shares during the period. Charles Schwab Investment Management Inc. grew its position in Essential Properties Realty Trust by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company's stock valued at $89,866,000 after buying an additional 43,179 shares during the period. Finally, Norges Bank purchased a new position in Essential Properties Realty Trust in the fourth quarter valued at $83,341,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Insiders Place Their Bets

In other news, Director Stephen D. Sautel sold 12,500 shares of the business's stock in a transaction that occurred 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 sale, the director now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.77% of the stock is owned by insiders.

Essential Properties Realty Trust Trading Down 0.9%

NYSE:EPRT traded down $0.28 during trading hours on Tuesday, hitting $31.39. The company had a trading volume of 1,339,108 shares, compared to its average volume of 1,433,405. Essential Properties Realty Trust, Inc. has a 1 year low of $26.07 and a 1 year high of $34.88. The company has a market cap of $6.20 billion, a P/E ratio of 27.54, a P/E/G ratio of 2.90 and a beta of 1.09. The company has a 50-day moving average of $31.59 and a 200 day moving average of $31.96. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. The firm had revenue of $129.35 million during the quarter, compared to analysts' expectations of $124.88 million. During the same period in the prior year, the company posted $0.42 EPS. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. Sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a $0.295 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 annualized dividend and a yield of 3.76%. Essential Properties Realty Trust's payout ratio is 102.61%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Capital One Financial assumed coverage on Essential Properties Realty Trust in a research note on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price target for the company. Truist Financial upped their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Barclays dropped their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Scotiabank upped their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Monday. Finally, B. Riley lowered shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and lifted their target price for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $34.77.

Essential Properties Realty Trust 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.