Essential Properties Realty Trust, Inc. (NYSE:EPRT) CEO Peter M. Mavoides Sells 12,712 Shares

Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Free Report) CEO Peter M. Mavoides sold 12,712 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $28.03, for a total transaction of $356,317.36. Following the transaction, the chief executive officer now directly owns 500,552 shares of the company’s stock, valued at $14,030,472.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Essential Properties Realty Trust Trading Down 1.6 %

Shares of NYSE EPRT opened at $27.84 on Wednesday. The firm’s 50 day moving average price is $27.28 and its 200-day moving average price is $25.99. The company has a market cap of $4.88 billion, a PE ratio of 22.63, a P/E/G ratio of 2.13 and a beta of 1.35. Essential Properties Realty Trust, Inc. has a 52-week low of $20.49 and a 52-week high of $28.38. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.29 per share. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, June 28th. This represents a $1.16 dividend on an annualized basis and a yield of 4.17%. Essential Properties Realty Trust’s dividend payout ratio is 94.31%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EdgeRock Capital LLC bought a new position in Essential Properties Realty Trust during the fourth quarter valued at approximately $26,000. Heritage Wealth Advisors raised its position in Essential Properties Realty Trust by 71.4% in the fourth quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock worth $31,000 after acquiring an additional 500 shares during the period. Principal Securities Inc. bought a new position in Essential Properties Realty Trust in the fourth quarter worth approximately $31,000. GAMMA Investing LLC raised its position in Essential Properties Realty Trust by 116.4% in the second quarter. GAMMA Investing LLC now owns 1,945 shares of the company’s stock worth $54,000 after acquiring an additional 1,046 shares during the period. Finally, Signaturefd LLC raised its position in Essential Properties Realty Trust by 666.8% in the fourth quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock worth $64,000 after acquiring an additional 2,167 shares during the period. Institutional investors own 96.98% of the company’s stock.

Wall Street Analysts Forecast Growth

EPRT has been the subject of several recent analyst reports. Citigroup raised shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $25.00 to $28.50 in a research note on Friday, March 22nd. Mizuho boosted their price target on shares of Essential Properties Realty Trust from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, May 10th. UBS Group initiated coverage on shares of Essential Properties Realty Trust in a research report on Friday, May 31st. They set a “buy” rating and a $30.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of Essential Properties Realty Trust in a research report on Friday, June 28th. They set a “buy” rating and a $33.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of 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. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.00.

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About Essential Properties Realty Trust

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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.

Further Reading

Insider Buying and Selling by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

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