Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 16.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,581 shares of the company’s stock after selling 14,567 shares during the period. Exchange Traded Concepts LLC’s holdings in Essential Properties Realty Trust were worth $2,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its position in Essential Properties Realty Trust by 36.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,411 shares of the company’s stock valued at $388,000 after buying an additional 3,334 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position 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 valued at $34,000 after buying an additional 468 shares in the last quarter. Selective Wealth Management Inc. grew its position in Essential Properties Realty Trust by 1.9% in the 4th quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company’s stock valued at $673,000 after buying an additional 395 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Essential Properties Realty Trust by 145.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 29,150 shares of the company’s stock valued at $912,000 after purchasing an additional 17,272 shares in the last quarter. Finally, Mendota Financial Group LLC boosted its position in shares of Essential Properties Realty Trust by 27,935.7% during the 4th quarter. Mendota Financial Group LLC now owns 3,925 shares of the company’s stock valued at $123,000 after purchasing an additional 3,911 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Wall Street Analysts Forecast Growth

EPRT has been the subject of several research reports. Barclays initiated coverage on shares of Essential Properties Realty Trust in a research report on Tuesday, December 17th. They set an “overweight” rating and a $35.94 price objective for the company. UBS Group raised their price objective on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Wells Fargo & Company reduced their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Mizuho raised their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.91.

Essential Properties Realty Trust Stock Performance

Shares of EPRT opened at $31.41 on Monday. The company’s 50 day moving average price is $32.26 and its 200 day moving average price is $31.99. Essential Properties Realty Trust, Inc. has a 52 week low of $23.58 and a 52 week high of $34.88. The company has a market capitalization of $5.51 billion, a PE ratio of 27.32, a PEG ratio of 2.85 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a yield of 3.76%. Essential Properties Realty Trust’s payout ratio is presently 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.