New York State Common Retirement Fund Purchases 896 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

New York State Common Retirement Fund lifted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 64,369 shares of the company’s stock after purchasing an additional 896 shares during the period. New York State Common Retirement Fund’s holdings in Essential Properties Realty Trust were worth $1,645,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Deutsche Bank AG raised its stake in shares of 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 purchasing an additional 1,267,534 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Essential Properties Realty Trust by 9.0% during the third quarter. Daiwa Securities Group Inc. now owns 49,834 shares of the company’s stock worth $1,078,000 after buying an additional 4,105 shares during the last quarter. Victory Capital Management Inc. raised its stake in Essential Properties Realty Trust by 5.9% in the third quarter. Victory Capital Management Inc. now owns 1,133,159 shares of the company’s stock valued at $24,510,000 after buying an additional 63,496 shares during the period. Rhumbline Advisers lifted its position in shares of Essential Properties Realty Trust by 12.6% in the third quarter. Rhumbline Advisers now owns 556,319 shares of the company’s stock valued at $12,033,000 after buying an additional 62,169 shares during the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of Essential Properties Realty Trust during the 4th quarter worth approximately $2,401,000. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Up 0.4 %

NYSE EPRT opened at $27.11 on Friday. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 1.98 and a beta of 1.26. Essential Properties Realty Trust, Inc. has a 1-year low of $20.49 and a 1-year high of $27.49. The company has a current ratio of 7.61, a quick ratio of 7.61 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $25.76 and a 200-day moving average of $24.83.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 92.68%.

Insider Buying and Selling

In related news, 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 owns 571,606 shares of the company’s stock, valued at $13,918,606.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $27.09, for a total transaction of $677,250.00. Following the completion of 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 document filed with the SEC, which can be accessed through the SEC website. Also, CEO Peter M. Mavoides sold 11,904 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $13,918,606.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,906 shares of company stock worth $1,351,999. Company insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EPRT shares. Stifel Nicolaus raised their price target on 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 issued an “outperform” rating and a $29.00 price target on the stock. Mizuho cut 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 report on Thursday, March 7th. Citigroup raised Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $25.00 to $28.50 in a research report on Friday, March 22nd. Finally, B. Riley reissued a “buy” rating and set a $29.00 price target (up from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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.