Essential Properties Realty Trust, Inc. (NYSE:EPRT) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 89,519 shares of the company’s stock after selling 1,176 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Essential Properties Realty Trust were worth $2,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Covestor Ltd increased its position in shares of Essential Properties Realty Trust by 15.5% during the third quarter. Covestor Ltd now owns 7,848 shares of the company’s stock worth $170,000 after purchasing an additional 1,052 shares in the last quarter. Cambria Investment Management L.P. purchased a new stake in shares of Essential Properties Realty Trust during the third quarter worth $201,000. Glenmede Trust Co. NA acquired a new stake in shares of Essential Properties Realty Trust in the third quarter valued at about $223,000. Evergreen Capital Management LLC raised its position in shares of Essential Properties Realty Trust by 11.2% in the third quarter. Evergreen Capital Management LLC now owns 10,851 shares of the company’s stock valued at $238,000 after buying an additional 1,091 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Essential Properties Realty Trust in the third quarter worth about $306,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Up 2.0 %

Shares of Essential Properties Realty Trust stock opened at $26.28 on Wednesday. The company has a fifty day simple moving average of $25.23 and a 200-day simple moving average of $24.44. Essential Properties Realty Trust, Inc. has a 12-month low of $20.49 and a 12-month high of $26.77. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 1.88 and a beta of 1.27.

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s payout ratio is 91.94%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and set a $29.00 price objective (up previously from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. Citigroup raised Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $25.00 to $28.50 in a report on Friday, March 22nd. 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. Stifel Nicolaus upped their target price on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, BMO Capital Markets began coverage on Essential Properties Realty Trust in a report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price target on the stock. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $28.22.

Insider Transactions at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 9,188 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total value of $238,979.88. Following the completion of the sale, the chief executive officer now directly owns 554,904 shares of the company’s stock, valued at approximately $14,433,053.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 5,714 shares of Essential Properties Realty Trust stock in a transaction on Friday, March 8th. The shares were sold at an average price of $25.08, for a total value of $143,307.12. Following the transaction, the chief executive officer now directly owns 565,892 shares in the company, valued at $14,192,571.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Peter M. Mavoides sold 9,188 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total transaction of $238,979.88. Following the sale, the chief executive officer now owns 554,904 shares of the company’s stock, valued at approximately $14,433,053.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,524 shares of company stock worth $1,113,438. Corporate insiders own 0.81% of the company’s stock.

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.