Essential Properties Realty Trust, Inc. (NYSE:EPRT) Director Stephen D. Sautel Sells 25,000 Shares of Stock

Essential Properties Realty Trust, Inc. (NYSE:EPRT) Director Stephen D. Sautel sold 25,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $27.09, for a total value of $677,250.00. Following the transaction, the director now directly owns 247,492 shares in the company, valued at $6,704,558.28. The sale was disclosed in a filing with the SEC, which is available through this link.

Essential Properties Realty Trust Price Performance

Shares of EPRT opened at $27.11 on Friday. The business’s 50-day moving average is $25.76 and its two-hundred day moving average is $24.83. The company has a market capitalization of $4.75 billion, a P/E ratio of 22.04, a P/E/G ratio of 1.98 and a beta of 1.26. Essential Properties Realty Trust, Inc. has a fifty-two week low of $20.49 and a fifty-two week high of $27.49. The company has a debt-to-equity ratio of 0.51, a quick ratio of 7.61 and a current ratio of 7.61.

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 issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 4.21%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 92.68%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EPRT. Stifel Nicolaus upped their price objective 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. BMO Capital Markets assumed 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. Mizuho lowered their price objective on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Citigroup raised shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Finally, B. Riley restated a “buy” rating and issued a $29.00 target price (up previously from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. Nine investment 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 price target of $28.22.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in shares of Essential Properties Realty Trust by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,942,658 shares of the company’s stock worth $42,020,000 after purchasing an additional 78,577 shares during the period. New York State Teachers Retirement System boosted its holdings 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 worth $4,970,000 after buying an additional 683 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Essential Properties Realty Trust by 8.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,695 shares of the company’s stock worth $1,962,000 after buying an additional 7,058 shares in the last quarter. Mackenzie Financial Corp grew its position in Essential Properties Realty Trust by 2.8% during the third quarter. Mackenzie Financial Corp now owns 32,828 shares of the company’s stock valued at $684,000 after buying an additional 907 shares during the period. Finally, Strs Ohio increased its holdings in Essential Properties Realty Trust by 129.7% in the third quarter. Strs Ohio now owns 404,160 shares of the company’s stock valued at $8,741,000 after buying an additional 228,200 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

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.