Federated Hermes Inc. Buys New Shares in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Federated Hermes Inc. acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the 4th quarter, HoldingsChannel reports. The fund acquired 93,919 shares of the company’s stock, valued at approximately $2,401,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Essential Properties Realty Trust by 0.5% during the third quarter. Vanguard Group Inc. now owns 24,730,518 shares of the company’s stock worth $534,921,000 after buying an additional 134,840 shares during the period. Invesco Ltd. grew its stake in 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 buying an additional 1,611,484 shares during the period. Deutsche Bank AG lifted its position 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Essential Properties Realty Trust by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,209,156 shares of the company’s stock worth $47,784,000 after purchasing an additional 180,393 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Essential Properties Realty Trust by 3.1% during the third quarter. Northern Trust Corp now owns 2,060,124 shares of the company’s stock worth $44,560,000 after purchasing an additional 61,323 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Performance

Shares of EPRT opened at $25.69 on Monday. The firm has a 50-day moving average price of $25.32 and a 200 day moving average price of $24.53. The firm has a market capitalization of $4.50 billion, a PE ratio of 20.89, a P/E/G ratio of 1.90 and a beta of 1.27. The company has a quick ratio of 5.01, a current ratio of 7.61 and a debt-to-equity ratio of 0.51. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $0.285 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.14 dividend on an annualized basis and a yield of 4.44%. Essential Properties Realty Trust’s dividend payout ratio is presently 92.68%.

Insider Activity at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 11,904 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 571,606 shares in the company, valued at approximately $13,918,606.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 9,188 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter M. Mavoides sold 11,904 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $24.35, for a total transaction 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 sold 44,524 shares of company stock worth $1,113,438 in the last 90 days. Corporate insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on EPRT shares. Raymond James boosted 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 report on Monday, January 8th. Stifel Nicolaus boosted 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 report on Tuesday, March 19th. B. Riley reissued a “buy” rating and set a $29.00 target price (up from $27.50) on shares of Essential Properties Realty Trust in a research report on Wednesday, March 13th. Citigroup raised shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and upped 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 shares of 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 research analysts have rated the stock with a buy rating, According to MarketBeat, Essential Properties Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $28.22.

Essential Properties Realty Trust Company 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.