Sumitomo Mitsui Trust Holdings Inc. Has $4.70 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 183,873 shares of the company’s stock after purchasing an additional 11,830 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Essential Properties Realty Trust were worth $4,700,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. grew its holdings in shares of Essential Properties Realty Trust by 36.6% during the third quarter. Invesco Ltd. now owns 6,015,270 shares of the company’s stock worth $130,110,000 after purchasing an additional 1,611,484 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of 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 worth $114,762,000 after purchasing an additional 1,267,534 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Essential Properties Realty Trust by 2,090.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 974,542 shares of the company’s stock worth $21,079,000 after purchasing an additional 930,042 shares during the last quarter. Aew Capital Management L P grew its holdings in shares of Essential Properties Realty Trust by 79.2% during the third quarter. Aew Capital Management L P now owns 1,327,334 shares of the company’s stock worth $28,710,000 after purchasing an additional 586,770 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Essential Properties Realty Trust during the third quarter worth $11,896,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EPRT has been the topic of several research analyst reports. B. Riley restated a “buy” rating and set a $29.00 target price (up previously from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Raymond James increased their target price on Essential Properties Realty Trust from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Mizuho decreased their target price on Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Citigroup upgraded Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Finally, BMO Capital Markets began coverage on Essential Properties Realty Trust in a report on Tuesday, February 13th. They issued an “outperform” rating and a $29.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $28.22.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock opened at $26.28 on Wednesday. Essential Properties Realty Trust, Inc. has a 12-month low of $20.49 and a 12-month high of $26.77. The business’s 50-day simple moving average is $25.23 and its 200 day simple moving average is $24.44. 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 stock has a market cap of $4.45 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 1.88 and a beta of 1.27.

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 paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend was Wednesday, March 27th. Essential Properties Realty Trust’s payout ratio is 91.94%.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, 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 value of $238,979.88. Following the transaction, the chief executive officer now owns 554,904 shares of the company’s stock, valued at $14,433,053.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 11,904 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $24.35, for a total value of $289,862.40. Following the transaction, the chief executive officer now owns 571,606 shares of the company’s stock, valued at $13,918,606.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter M. Mavoides sold 9,188 shares of the firm’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 sale, the chief executive officer now directly 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 valued at $1,113,438. 0.81% of the stock is currently owned by company insiders.

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.