Jennison Associates LLC Sells 40,674 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Jennison Associates LLC decreased its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 55.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,576 shares of the company's stock after selling 40,674 shares during the quarter. Jennison Associates LLC's holdings in Essential Properties Realty Trust were worth $833,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG increased its holdings in Essential Properties Realty Trust by 31.4% in the 3rd quarter. Deutsche Bank AG now owns 5,305,696 shares of the company's stock valued at $114,762,000 after buying an additional 1,267,534 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Essential Properties Realty Trust by 9.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 49,834 shares of the company's stock valued at $1,078,000 after purchasing an additional 4,105 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Essential Properties Realty Trust by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,133,159 shares of the company's stock valued at $24,510,000 after purchasing an additional 63,496 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Essential Properties Realty Trust by 12.6% during the 3rd quarter. Rhumbline Advisers now owns 556,319 shares of the company's stock valued at $12,033,000 after purchasing an additional 62,169 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Essential Properties Realty Trust during the 3rd quarter valued at approximately $715,000. 96.98% of the stock is owned by institutional investors.

Insider Activity at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 9,188 shares of the business's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total transaction of $238,979.88. Following the transaction, the chief executive officer now owns 554,904 shares in the company, valued at approximately $14,433,053.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 11,904 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $24.35, for a total transaction of $289,862.40. Following the transaction, the chief executive officer now owns 571,606 shares in the company, valued at $13,918,606.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Peter M. Mavoides sold 9,188 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total transaction of $238,979.88. Following the transaction, the chief executive officer now owns 554,904 shares in the company, valued at approximately $14,433,053.04. The disclosure for this sale can be found here. Insiders have sold 44,524 shares of company stock worth $1,113,438 in the last quarter. Company insiders own 0.81% of the company's stock.

Essential Properties Realty Trust Trading Down 0.2 %

Shares of NYSE EPRT traded down $0.04 during midday trading on Friday, reaching $25.69. The stock had a trading volume of 2,014,005 shares, compared to its average volume of 1,057,869. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.01 and a current ratio of 7.61. Essential Properties Realty Trust, Inc. has a twelve month low of $20.49 and a twelve month high of $26.77. The company's 50 day moving average price is $25.32 and its 200 day moving average price is $24.53. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 1.90 and a beta of 1.27.

Essential Properties Realty Trust Dividend Announcement

The business also recently announced 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 dividend yield of 4.44%. Essential Properties Realty Trust's payout ratio is presently 92.68%.

Analysts Set New Price Targets

A number of research firms have weighed in on EPRT. Citigroup raised shares of Essential Properties Realty Trust from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $25.00 to $28.50 in a report on Friday, March 22nd. BMO Capital Markets began coverage on shares of Essential Properties Realty Trust in a report on Tuesday, February 13th. They set an "outperform" rating and a $29.00 target price on the stock. B. Riley reissued a "buy" rating and set a $29.00 target price (up from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Raymond James boosted their target price on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Monday, January 8th. Finally, Mizuho dropped their price target on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a "buy" rating on the stock in a research report on Thursday, March 7th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Essential Properties Realty Trust currently has an average rating of "Buy" and a consensus target price of $28.22.

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.