Envestnet Asset Management Inc. Acquires 20,982 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Envestnet Asset Management Inc. lifted its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,689 shares of the company's stock after buying an additional 20,982 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of Essential Properties Realty Trust worth $7,404,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Crowley Wealth Management Inc. bought a new stake in shares of Essential Properties Realty Trust during the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB boosted its stake in Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock worth $34,000 after purchasing an additional 468 shares during the period. Jones Financial Companies Lllp increased its holdings in Essential Properties Realty Trust by 1,834.4% during 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 raised its stake in shares of 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 valued at $38,000 after purchasing an additional 827 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Essential Properties Realty Trust by 275.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock valued at $77,000 after purchasing an additional 1,802 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

Insider Transactions at Essential Properties Realty Trust

In related 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 stock was 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 directly owns 178,785 shares of the company's stock, valued at approximately $5,817,663.90. This trade represents a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.81% of the company's stock.

Essential Properties Realty Trust Stock Performance

EPRT traded up $0.02 during trading hours on Friday, reaching $31.55. The company's stock had a trading volume of 194,441 shares, compared to its average volume of 1,417,539. The company's 50-day moving average is $31.67 and its 200-day moving average is $32.10. Essential Properties Realty Trust, Inc. has a 52 week low of $25.60 and a 52 week high of $34.88. The firm has a market cap of $5.92 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share 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, equities analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were given a dividend of $0.295 per share. The ex-dividend date was Monday, March 31st. This represents a $1.18 annualized dividend and a yield of 3.74%. Essential Properties Realty Trust's dividend payout ratio (DPR) is presently 103.51%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Scotiabank decreased their price objective on Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. B. Riley lowered 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. Barclays decreased their target price on shares of 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. Finally, Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 price target on the stock. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $34.91.

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.