Charles Schwab Investment Management Inc. Trims Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Charles Schwab Investment Management Inc. decreased its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,936,529 shares of the company’s stock after selling 13,788 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Essential Properties Realty Trust were worth $48,123,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Cetera Advisor Networks LLC grew its stake in Essential Properties Realty Trust by 49.1% during the first quarter. Cetera Advisor Networks LLC now owns 10,705 shares of the company’s stock valued at $271,000 after acquiring an additional 3,525 shares in the last quarter. MetLife Investment Management LLC grew its stake in Essential Properties Realty Trust by 55.0% during the first quarter. MetLife Investment Management LLC now owns 65,949 shares of the company’s stock valued at $1,669,000 after acquiring an additional 23,396 shares in the last quarter. Rhumbline Advisers grew its stake in Essential Properties Realty Trust by 2.3% during the first quarter. Rhumbline Advisers now owns 357,906 shares of the company’s stock valued at $9,055,000 after acquiring an additional 8,022 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Essential Properties Realty Trust by 1.5% during the first quarter. Great West Life Assurance Co. Can now owns 172,313 shares of the company’s stock valued at $4,470,000 after acquiring an additional 2,608 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Essential Properties Realty Trust by 4.1% during the first quarter. Vanguard Group Inc. now owns 19,944,341 shares of the company’s stock valued at $504,592,000 after acquiring an additional 788,670 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BNP Paribas assumed coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, June 14th. They set an “outperform” rating and a $29.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Essential Properties Realty Trust currently has an average rating of “Buy” and a consensus price target of $26.66.

Essential Properties Realty Trust Trading Up 0.9 %

Shares of Essential Properties Realty Trust stock opened at $23.85 on Friday. Essential Properties Realty Trust, Inc. has a 1 year low of $18.88 and a 1 year high of $26.43. The firm has a market cap of $3.72 billion, a PE ratio of 20.74, a PEG ratio of 3.43 and a beta of 1.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.77 and a quick ratio of 3.77. The company has a 50 day simple moving average of $24.16 and a two-hundred day simple moving average of $24.39.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.70%. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, June 29th. Essential Properties Realty Trust’s payout ratio is presently 97.39%.

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.