Victory Capital Management Inc. Has $28.12 Million Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Victory Capital Management Inc. reduced its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 2.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,100,146 shares of the company’s stock after selling 33,013 shares during the quarter. Victory Capital Management Inc.’s holdings in Essential Properties Realty Trust were worth $28,120,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Essential Properties Realty Trust by 0.5% in 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 last quarter. Invesco Ltd. lifted its position in Essential Properties Realty Trust by 36.6% during the 3rd quarter. Invesco Ltd. now owns 6,015,270 shares of the company’s stock worth $130,110,000 after acquiring an additional 1,611,484 shares during the last quarter. Deutsche Bank AG lifted its position in Essential Properties Realty Trust by 31.4% during the 3rd quarter. Deutsche Bank AG now owns 5,305,696 shares of the company’s stock worth $114,762,000 after acquiring an additional 1,267,534 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Essential Properties Realty Trust by 17.7% during the fourth quarter. Russell Investments Group Ltd. now owns 2,614,218 shares of the company’s stock valued at $66,947,000 after acquiring an additional 393,041 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Essential Properties Realty Trust by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,209,156 shares of the company’s stock valued at $47,784,000 after purchasing an additional 180,393 shares during the last quarter. 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 9,188 shares of Essential Properties Realty Trust stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 5,714 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $25.08, for a total transaction of $143,307.12. Following the sale, the chief executive officer now owns 565,892 shares of the company’s stock, valued at approximately $14,192,571.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Peter M. Mavoides sold 9,188 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total transaction of $238,979.88. Following the completion of 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. Insiders have sold a total of 26,906 shares of company stock worth $674,749 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Stock Performance

Essential Properties Realty Trust stock opened at $27.27 on Wednesday. Essential Properties Realty Trust, Inc. has a 52-week low of $20.49 and a 52-week high of $27.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 7.61 and a quick ratio of 7.61. The stock has a fifty day moving average price of $25.63 and a two-hundred day moving average price of $24.80. The firm has a market capitalization of $4.78 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.98 and a beta of 1.26.

Essential Properties Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 4.18%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio is currently 92.68%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EPRT. BMO Capital Markets started coverage on Essential Properties Realty Trust in a research note on Tuesday, February 13th. They set an “outperform” rating and a $29.00 target price for the company. Stifel Nicolaus increased their price objective on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Mizuho lowered their price objective on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. B. Riley reiterated a “buy” rating and set a $29.00 target price (up 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 increased their price target for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Essential Properties Realty Trust currently has an average rating of “Buy” and an average target price 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.