Mackenzie Financial Corp Sells 3,170 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Mackenzie Financial Corp trimmed its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,658 shares of the company’s stock after selling 3,170 shares during the quarter. Mackenzie Financial Corp’s holdings in Essential Properties Realty Trust were worth $758,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EPRT. State of Alaska Department of Revenue grew its position in Essential Properties Realty Trust by 2.1% during the third quarter. State of Alaska Department of Revenue now owns 171,169 shares of the company’s stock valued at $3,700,000 after buying an additional 3,551 shares during the period. Bank of New York Mellon Corp grew its position in Essential Properties Realty Trust by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 1,942,658 shares of the company’s stock valued at $42,020,000 after buying an additional 78,577 shares during the period. Bailard Inc. grew its position in Essential Properties Realty Trust by 4.1% during the third quarter. Bailard Inc. now owns 30,253 shares of the company’s stock valued at $654,000 after buying an additional 1,200 shares during the period. Brown Advisory Inc. grew its position in Essential Properties Realty Trust by 2.6% during the third quarter. Brown Advisory Inc. now owns 1,599,201 shares of the company’s stock valued at $34,591,000 after buying an additional 40,087 shares during the period. Finally, New York State Teachers Retirement System grew its position in 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 valued at $4,970,000 after buying an additional 683 shares during the period. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock opened at $25.73 on Friday. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.94 and a beta of 1.27. The firm’s fifty day moving average is $25.30 and its 200 day moving average is $24.46. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.56. Essential Properties Realty Trust, Inc. has a 52-week low of $20.49 and a 52-week high of $26.77.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Wednesday, March 27th. Essential Properties Realty Trust’s payout ratio is 91.94%.

Insider Activity at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 11,904 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $24.35, for a total transaction of $289,862.40. Following the sale, 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 SEC, which is available through the SEC website. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 9,188 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total transaction of $238,979.88. Following the transaction, the chief executive officer now owns 554,904 shares in the company, valued at $14,433,053.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter M. Mavoides sold 11,904 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 44,524 shares of company stock valued at $1,113,438 over the last 90 days. 0.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.