Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,407 shares of the company’s stock after selling 2,427 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Essential Properties Realty Trust were worth $1,212,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Arizona State Retirement System lifted its position in shares of Essential Properties Realty Trust by 1.4% during the third quarter. Arizona State Retirement System now owns 42,379 shares of the company’s stock worth $917,000 after purchasing an additional 573 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Essential Properties Realty Trust by 0.3% during the third quarter. New York State Teachers Retirement System now owns 229,759 shares of the company’s stock worth $4,970,000 after purchasing an additional 683 shares in the last quarter. Algert Global LLC lifted its position in shares of Essential Properties Realty Trust by 0.3% during the third quarter. Algert Global LLC now owns 257,289 shares of the company’s stock worth $5,565,000 after purchasing an additional 709 shares in the last quarter. Amalgamated Bank lifted its position in shares of Essential Properties Realty Trust by 1.4% during the third quarter. Amalgamated Bank now owns 61,134 shares of the company’s stock worth $1,322,000 after purchasing an additional 816 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Essential Properties Realty Trust by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 18,823 shares of the company’s stock worth $407,000 after purchasing an additional 839 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Analyst Upgrades and Downgrades

EPRT has been the topic of several research reports. Mizuho reduced their price target on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Citigroup raised shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $25.00 to $28.50 in a research report on Friday, March 22nd. B. Riley restated a “buy” rating and set a $29.00 target price (up from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. Raymond James upped their target price on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Finally, Stifel Nicolaus upped their target price on shares of Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Essential Properties Realty Trust has a consensus rating of “Buy” and a consensus price target of $28.22.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 17,618 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were 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 $8,797,244.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Peter M. Mavoides sold 17,618 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 353,303 shares of the company’s stock, valued at $8,797,244.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter M. Mavoides sold 11,904 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $24.35, for a total value of $289,862.40. Following the completion of the sale, the chief executive officer now directly owns 571,606 shares of the company’s stock, valued at $13,918,606.10. The disclosure for this sale can be found here. Insiders have sold 44,524 shares of company stock worth $1,113,438 over the last three months. Insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock opened at $26.28 on Wednesday. The firm has a market capitalization of $4.45 billion, a P/E ratio of 21.19, a P/E/G ratio of 1.88 and a beta of 1.27. Essential Properties Realty Trust, Inc. has a 52 week low of $20.49 and a 52 week high of $26.77. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $25.23 and its two-hundred day moving average is $24.44.

Essential Properties Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.14 annualized dividend and a yield of 4.34%. Essential Properties Realty Trust’s dividend payout ratio is currently 91.94%.

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.