Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Resolution Capital Ltd

Resolution Capital Ltd lowered its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 45.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 752,605 shares of the company's stock after selling 624,937 shares during the quarter. Essential Properties Realty Trust accounts for about 0.4% of Resolution Capital Ltd's investment portfolio, making the stock its 25th largest position. Resolution Capital Ltd owned approximately 0.43% of Essential Properties Realty Trust worth $23,541,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Barclays PLC raised its stake in shares of Essential Properties Realty Trust by 37.4% during the fourth quarter. Barclays PLC now owns 409,365 shares of the company's stock valued at $12,805,000 after acquiring an additional 111,376 shares in the last quarter. Truist Financial Corp purchased a new position in Essential Properties Realty Trust in the fourth quarter worth $287,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Essential Properties Realty Trust by 38.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 94,169 shares of the company's stock valued at $2,946,000 after buying an additional 26,234 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Essential Properties Realty Trust by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company's stock valued at $89,866,000 after purchasing an additional 43,179 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Essential Properties Realty Trust during the fourth quarter worth $346,000. Hedge funds and other institutional investors own 96.98% of the company's stock.

Analysts Set New Price Targets

EPRT has been the topic of a number of research reports. Capital One Financial began 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 objective on the stock. Truist Financial lifted their price target 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. UBS Group decreased their price target on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. B. Riley lowered 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 note on Wednesday, February 19th. Finally, Barclays decreased their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $34.77.

Insider Buying and Selling

In related news, Director Stephen D. Sautel sold 12,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total value of $406,750.00. Following the completion of the transaction, the director now directly owns 178,785 shares of the company's stock, valued at $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 available at this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Essential Properties Realty Trust Stock Performance

Shares of NYSE EPRT traded down $0.06 during trading hours on Tuesday, reaching $32.41. The stock had a trading volume of 250,489 shares, compared to its average volume of 1,590,612. The firm has a 50-day moving average of $31.63 and a 200-day moving average of $31.95. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 2.90 and a beta of 1.09. Essential Properties Realty Trust, Inc. has a fifty-two week low of $26.07 and a fifty-two week high of $34.88. 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 earnings results on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The business had revenue of $129.35 million during the quarter, compared to analysts' expectations of $124.88 million. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. Essential Properties Realty Trust's quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. Equities research analysts predict 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. Shareholders of record on Monday, March 31st were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Monday, March 31st. Essential Properties Realty Trust's dividend payout ratio is presently 102.61%.

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.