Mirae Asset Global Investments Co. Ltd. Purchases 1,325 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 84,417 shares of the company’s stock after buying an additional 1,325 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Essential Properties Realty Trust were worth $2,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in Essential Properties Realty Trust by 31.4% during the third quarter. Deutsche Bank AG now owns 5,305,696 shares of the company’s stock valued at $114,762,000 after acquiring an additional 1,267,534 shares during the period. Daiwa Securities Group Inc. increased its stake in Essential Properties Realty Trust by 9.0% during the third quarter. Daiwa Securities Group Inc. now owns 49,834 shares of the company’s stock valued at $1,078,000 after acquiring an additional 4,105 shares during the period. Victory Capital Management Inc. increased its stake in Essential Properties Realty Trust by 5.9% during the third quarter. Victory Capital Management Inc. now owns 1,133,159 shares of the company’s stock valued at $24,510,000 after acquiring an additional 63,496 shares during the period. Rhumbline Advisers increased its stake in Essential Properties Realty Trust by 12.6% during the third quarter. Rhumbline Advisers now owns 556,319 shares of the company’s stock valued at $12,033,000 after acquiring an additional 62,169 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Essential Properties Realty Trust during the third quarter valued at about $715,000. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Stock Up 1.3 %

Shares of EPRT opened at $25.48 on Friday. The company has a market capitalization of $4.32 billion, a P/E ratio of 20.55, a PEG ratio of 1.84 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 5.01 and a quick ratio of 5.01. Essential Properties Realty Trust, Inc. has a one year low of $20.49 and a one year high of $26.77. The business’s 50 day simple moving average is $25.17 and its 200-day simple moving average is $24.33.

Essential Properties Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s payout ratio is currently 91.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EPRT shares. BMO Capital Markets started coverage on Essential Properties Realty Trust in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $29.00 price objective on the stock. B. Riley reiterated a “buy” rating and issued a $29.00 price objective (up from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. Stifel Nicolaus upped their price objective on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Raymond James upped their price objective on Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. Finally, Citigroup upgraded Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $25.00 to $28.50 in a research note on Friday, March 22nd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $28.22.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 11,904 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $13,918,606.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 11,904 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $13,918,606.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Peter M. Mavoides sold 17,618 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $24.90, for a total value of $438,688.20. Following the transaction, the chief executive officer now directly owns 353,303 shares in the company, valued at approximately $8,797,244.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,524 shares of company stock valued at $1,113,438. 0.81% of the stock is currently owned by corporate insiders.

Essential Properties Realty Trust 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.