abrdn plc Sells 2,644 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

abrdn plc trimmed its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 8.5% in the 4th quarter, Holdings Channel reports. The firm owned 28,642 shares of the company’s stock after selling 2,644 shares during the quarter. abrdn plc’s holdings in Essential Properties Realty Trust were worth $732,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd increased its stake in Essential Properties Realty Trust by 15.5% in the 3rd quarter. Covestor Ltd now owns 7,848 shares of the company’s stock worth $170,000 after acquiring an additional 1,052 shares during the last quarter. Cambria Investment Management L.P. purchased a new stake in Essential Properties Realty Trust in the third quarter valued at approximately $201,000. Glenmede Trust Co. NA bought a new stake in Essential Properties Realty Trust during the third quarter valued at approximately $223,000. Evergreen Capital Management LLC grew its stake in Essential Properties Realty Trust by 11.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 10,851 shares of the company’s stock worth $238,000 after buying an additional 1,091 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Essential Properties Realty Trust in the 3rd quarter worth $306,000. Institutional investors own 96.98% of the company’s stock.

Insider Buying and Selling at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 11,904 shares of the firm’s 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 sale, the chief executive officer now directly owns 571,606 shares of the company’s stock, valued at approximately $13,918,606.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 9,188 shares of the stock in a transaction on 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 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 filing with the SEC, which is available through the SEC website. Also, CEO Peter M. Mavoides sold 11,904 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $24.35, for a total transaction of $289,862.40. Following the sale, the chief executive officer now directly owns 571,606 shares in the company, valued at approximately $13,918,606.10. The disclosure for this sale can be found here. In the last ninety days, 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.

Essential Properties Realty Trust Trading Up 2.4 %

EPRT opened at $26.31 on Tuesday. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.90 and a beta of 1.27. Essential Properties Realty Trust, Inc. has a one year low of $20.49 and a one year high of $26.77. The business has a 50 day simple moving average of $25.35 and a two-hundred day simple moving average of $24.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 7.61 and a quick ratio of 7.61.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 4.33%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 92.68%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EPRT. 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 report on Monday, January 8th. Mizuho dropped their target price on Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. BMO Capital Markets initiated coverage on shares of Essential Properties Realty Trust in a research note on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price target on the stock. B. Riley reaffirmed a “buy” rating and issued 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. Finally, Citigroup raised shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $25.00 to $28.50 in a research note on Friday, March 22nd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $28.22.

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.