Victory Capital Management Inc. Has $28.12 Million Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Victory Capital Management Inc. lowered its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,100,146 shares of the company's stock after selling 33,013 shares during the period. Victory Capital Management Inc. owned about 0.66% of Essential Properties Realty Trust worth $28,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EPRT. Signaturefd LLC lifted its holdings in Essential Properties Realty Trust by 666.8% in the 4th quarter. Signaturefd LLC now owns 2,492 shares of the company's stock valued at $64,000 after purchasing an additional 2,167 shares in the last quarter. Covestor Ltd grew its stake in Essential Properties Realty Trust by 15.5% in the 3rd quarter. Covestor Ltd now owns 7,848 shares of the company's stock worth $170,000 after acquiring an additional 1,052 shares during the period. Cambria Investment Management L.P. acquired a new position in Essential Properties Realty Trust in the 3rd quarter valued at $201,000. Cetera Trust Company N.A purchased a new position in shares of Essential Properties Realty Trust during the 4th quarter worth $241,000. Finally, Glenmede Trust Co. NA purchased a new stake in shares of Essential Properties Realty Trust in the third quarter valued at $223,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Stock Down 1.0 %

NYSE EPRT traded down $0.27 on Wednesday, reaching $27.01. The company had a trading volume of 1,048,993 shares, compared to its average volume of 1,338,128. The firm has a market capitalization of $4.73 billion, a PE ratio of 22.17, a P/E/G ratio of 1.98 and a beta of 1.26. The firm has a 50-day moving average of $25.63 and a 200-day moving average of $24.80. Essential Properties Realty Trust, Inc. has a 1 year low of $20.49 and a 1 year high of $27.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 7.61 and a quick ratio of 7.61.

Essential Properties Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust's payout ratio is 92.68%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EPRT. B. Riley reaffirmed a "buy" rating and set a $29.00 price target (up previously from $27.50) on shares of Essential Properties Realty Trust in a research report on Wednesday, March 13th. BMO Capital Markets initiated coverage on Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an "outperform" rating and a $29.00 price target for the company. Citigroup upgraded Essential Properties Realty Trust from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $25.00 to $28.50 in a report on Friday, March 22nd. Mizuho decreased their target price on Essential Properties Realty Trust from $27.00 to $26.00 and set a "buy" rating for the company in a report on Thursday, March 7th. Finally, Stifel Nicolaus raised 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. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $28.22.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 5,714 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $25.08, for a total transaction of $143,307.12. Following the completion of the sale, the chief executive officer now owns 565,892 shares in the company, valued at approximately $14,192,571.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 5,714 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $25.08, for a total transaction of $143,307.12. Following the transaction, the chief executive officer now directly owns 565,892 shares in the company, valued at approximately $14,192,571.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $677,250.00. Following the completion of the sale, the director now owns 247,492 shares in the company, valued at approximately $6,704,558.28. The disclosure for this sale can be found here. Insiders have sold 51,906 shares of company stock worth $1,351,999 in the last quarter. 0.81% of the stock is owned by corporate insiders.

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.