Tudor Investment Corp ET AL Sells 249,287 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Tudor Investment Corp ET AL lowered its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 64.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,219 shares of the company's stock after selling 249,287 shares during the quarter. Tudor Investment Corp ET AL owned 0.08% of Essential Properties Realty Trust worth $4,323,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Selective Wealth Management Inc. raised its holdings in Essential Properties Realty Trust by 1.9% during the 4th quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company's stock worth $673,000 after buying an additional 395 shares during the period. Arizona State Retirement System lifted its position in shares of Essential Properties Realty Trust by 0.8% in the 4th quarter. Arizona State Retirement System now owns 50,884 shares of the company's stock valued at $1,592,000 after acquiring an additional 399 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company's stock worth $34,000 after purchasing an additional 468 shares during the period. Summit Investment Advisors Inc. grew its position in Essential Properties Realty Trust by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,355 shares of the company's stock worth $574,000 after purchasing an additional 581 shares in the last quarter. Finally, United Services Automobile Association grew its position in Essential Properties Realty Trust by 7.0% during the 4th quarter. United Services Automobile Association now owns 11,183 shares of the company's stock worth $350,000 after purchasing an additional 730 shares in the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 30,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $31.99, for a total transaction of $959,700.00. Following the transaction, the director now owns 218,785 shares in the company, valued at $6,998,932.15. This represents a 12.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EPRT. Truist Financial lifted their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a report on Monday. Barclays reduced their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. B. Riley downgraded shares of Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $29.50 to $33.50 in a research report on Wednesday, February 19th. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, February 12th. They issued an "overweight" rating and a $35.00 target price for the company. Finally, Scotiabank lowered their price target on Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.91.

Essential Properties Realty Trust Stock Performance

Essential Properties Realty Trust stock traded down $0.05 on Monday, hitting $31.95. The company's stock had a trading volume of 1,439,510 shares, compared to its average volume of 1,428,024. The company has a fifty day moving average price of $31.67 and a 200-day moving average price of $32.03. The firm has a market cap of $6.31 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.09. Essential Properties Realty Trust, Inc. has a one year low of $26.07 and a one year high of $34.88. The company has a quick ratio of 5.36, a current 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 quarterly 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). Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The business had revenue of $129.35 million for the quarter, compared to the consensus estimate of $124.88 million. During the same quarter in the prior year, the business earned $0.42 EPS. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. On average, equities analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

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

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.