T. Rowe Price Investment Management Inc. Sells 49,050 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

T. Rowe Price Investment Management Inc. reduced its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,921,510 shares of the company's stock after selling 49,050 shares during the period. T. Rowe Price Investment Management Inc. owned about 2.81% of Essential Properties Realty Trust worth $153,945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crowley Wealth Management Inc. bought a new position in shares of Essential Properties Realty Trust during the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Essential Properties Realty Trust by 74.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock valued at $34,000 after buying an additional 468 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Essential Properties Realty Trust by 1,834.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company's stock worth $37,000 after acquiring an additional 1,119 shares during the period. Versant Capital Management Inc lifted its holdings in Essential Properties Realty Trust by 215.4% in the fourth quarter. Versant Capital Management Inc now owns 1,211 shares of the company's stock worth $38,000 after acquiring an additional 827 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Essential Properties Realty Trust by 275.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,456 shares of the company's stock worth $77,000 after buying an additional 1,802 shares during the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total value of $406,750.00. Following the sale, the director now directly owns 178,785 shares in the company, 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 the SEC website. Insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EPRT shares. B. Riley cut Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and lifted their price target for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Scotiabank reduced their target price on shares of 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. Capital One Financial started coverage on Essential Properties Realty Trust in a report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price objective on the stock. Finally, Barclays reduced their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Three investment 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 presently has a consensus rating of "Moderate Buy" and an average target price of $34.91.

Essential Properties Realty Trust Stock Up 0.0 %

Shares of EPRT traded up $0.01 during trading hours on Wednesday, hitting $31.94. 488,095 shares of the company were exchanged, compared to its average volume of 1,421,131. The firm's 50 day moving average is $31.67 and its 200-day moving average is $32.08. 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, Inc. has a 52 week low of $26.06 and a 52 week high of $34.88. The company has a market cap of $6.31 billion, a PE ratio of 28.02, a PEG ratio of 2.90 and a beta of 1.08.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The firm had revenue of $129.35 million for the quarter, compared to the consensus estimate of $124.88 million. During the same period in the prior year, the company posted $0.42 earnings per share. Essential Properties Realty Trust's quarterly revenue was up 24.9% on a year-over-year basis. On average, equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 annualized dividend and a yield of 3.69%. Essential Properties Realty Trust's payout ratio is 102.61%.

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.