Essential Properties Realty Trust (NYSE:EPRT) Reaches New 1-Year High at $27.81

Essential Properties Realty Trust, Inc. (NYSE:EPRT - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $27.81 and last traded at $27.81, with a volume of 153 shares trading hands. The stock had previously closed at $27.54.

Analyst Ratings Changes

A number of brokerages have weighed in on EPRT. Mizuho lifted 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 report on Friday, May 10th. Stifel Nicolaus lifted their price target on shares of Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a "buy" rating in a report on Tuesday, March 19th. BMO Capital Markets began coverage on shares of Essential Properties Realty Trust in a report on Tuesday, February 13th. They issued an "outperform" rating and a $29.00 price target on the stock. B. Riley reiterated a "buy" rating and issued a $29.00 price target (up previously from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Finally, Citigroup upgraded shares of Essential Properties Realty Trust from a "neutral" rating to a "buy" rating and lifted their price target for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $28.56.

Essential Properties Realty Trust Trading Down 0.4 %

The business's 50-day moving average is $26.12 and its two-hundred day moving average is $25.17. The company has a current ratio of 7.61, a quick ratio of 7.61 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $4.81 billion, a PE ratio of 22.31, a PEG ratio of 2.03 and a beta of 1.26.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $0.285 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.14 dividend on an annualized basis and a yield of 4.15%. Essential Properties Realty Trust's dividend payout ratio (DPR) is 92.68%.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 25,000 shares of the company's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $27.09, for a total value of $677,250.00. Following the completion of the transaction, the director now directly owns 247,492 shares of the company's stock, valued at approximately $6,704,558.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 25,000 shares of the company's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $27.09, for a total value of $677,250.00. Following the completion of the transaction, the director now directly owns 247,492 shares of the company's stock, valued at approximately $6,704,558.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Peter M. Mavoides sold 5,714 shares of the company's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $25.08, for a total transaction of $143,307.12. Following the completion of the transaction, the chief executive officer now directly owns 565,892 shares of the company's stock, valued at $14,192,571.36. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock valued at $1,351,999 in the last ninety days. Insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Essential Properties Realty Trust

A number of institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Essential Properties Realty Trust in the 1st quarter valued at about $290,000. Price T Rowe Associates Inc. MD raised its stake in Essential Properties Realty Trust by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 88,838 shares of the company's stock worth $2,369,000 after acquiring an additional 5,672 shares during the period. Truvestments Capital LLC raised its stake in Essential Properties Realty Trust by 480.4% during the first quarter. Truvestments Capital LLC now owns 90,416 shares of the company's stock worth $2,410,000 after acquiring an additional 74,839 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Essential Properties Realty Trust by 4.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 263,589 shares of the company's stock worth $7,027,000 after acquiring an additional 10,689 shares during the period. Finally, UniSuper Management Pty Ltd raised its stake in Essential Properties Realty Trust by 101.5% during the first quarter. UniSuper Management Pty Ltd now owns 89,651 shares of the company's stock worth $2,390,000 after acquiring an additional 45,151 shares during the period. Institutional investors and hedge funds own 96.98% of the company's stock.

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.