Arizona State Retirement System Has $1.12 Million Stock Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Arizona State Retirement System grew its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 43,616 shares of the company’s stock after buying an additional 1,237 shares during the quarter. Arizona State Retirement System’s holdings in Essential Properties Realty Trust were worth $1,115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vident Investment Advisory LLC increased its stake in shares of Essential Properties Realty Trust by 1.6% in the fourth quarter. Vident Investment Advisory LLC now owns 39,741 shares of the company’s stock valued at $933,000 after buying an additional 613 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Essential Properties Realty Trust by 0.3% in the third quarter. New York State Teachers Retirement System now owns 229,759 shares of the company’s stock valued at $4,970,000 after buying an additional 683 shares in the last quarter. Algert Global LLC increased its stake in shares of Essential Properties Realty Trust by 0.3% in the third quarter. Algert Global LLC now owns 257,289 shares of the company’s stock valued at $5,565,000 after buying an additional 709 shares in the last quarter. Amalgamated Bank increased its stake in shares of Essential Properties Realty Trust by 1.4% in the third quarter. Amalgamated Bank now owns 61,134 shares of the company’s stock valued at $1,322,000 after buying an additional 816 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Essential Properties Realty Trust by 4.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 18,823 shares of the company’s stock valued at $407,000 after buying an additional 839 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 11,904 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $24.35, for a total transaction of $289,862.40. Following the transaction, the chief executive officer now owns 571,606 shares in the company, valued at $13,918,606.10. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Peter M. Mavoides sold 11,904 shares of Essential Properties Realty Trust stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $24.35, for a total transaction of $289,862.40. Following the transaction, the chief executive officer now owns 571,606 shares in the company, valued at approximately $13,918,606.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter M. Mavoides sold 9,188 shares of Essential Properties Realty Trust stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total value of $238,979.88. Following the transaction, the chief executive officer now owns 554,904 shares in the company, valued at approximately $14,433,053.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,524 shares of company stock worth $1,113,438. Insiders own 1.06% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of EPRT opened at $25.17 on Tuesday. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.56. Essential Properties Realty Trust, Inc. has a 1 year low of $20.49 and a 1 year high of $26.77. The stock has a market cap of $4.26 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. The stock’s 50-day moving average price is $25.12 and its two-hundred day moving average price is $24.27.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 91.94%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup upgraded Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $25.00 to $28.50 in a research report on Friday, March 22nd. Stifel Nicolaus lifted their price objective on Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Mizuho lowered their price objective on Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. BMO Capital Markets assumed coverage on Essential Properties Realty Trust in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $29.00 price objective for the company. Finally, Raymond James lifted their price objective on Essential Properties Realty Trust from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of “Buy” and an average target price of $28.22.

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.