Essential Properties Realty Trust (NYSE:EPRT) Sees Large Volume Increase

Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Rating) saw unusually-high trading volume on Tuesday . Approximately 48,940 shares traded hands during mid-day trading, a decline of 91% from the previous session’s volume of 571,482 shares.The stock last traded at $23.72 and had previously closed at $23.78.

Analyst Ratings Changes

EPRT has been the subject of several recent research reports. Raymond James decreased their price target on shares of Essential Properties Realty Trust from $28.00 to $25.00 and set an “outperform” rating for the company in a research report on Friday, July 8th. Credit Suisse Group reissued a “neutral” rating and issued a $22.00 price target on shares of Essential Properties Realty Trust in a research report on Thursday, June 23rd. Truist Financial decreased their price target on shares of Essential Properties Realty Trust from $32.00 to $28.00 and set a “na” rating for the company in a research report on Monday, May 16th. The Goldman Sachs Group cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and decreased their price target for the company from $31.00 to $26.00 in a research report on Wednesday, May 25th. Finally, Evercore ISI set a $26.00 price objective on shares of Essential Properties Realty Trust in a report on Monday, June 20th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.69.

Essential Properties Realty Trust Price Performance

The stock’s fifty day moving average price is $22.28 and its two-hundred day moving average price is $23.95. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.11 and a beta of 1.31. The company has a current ratio of 3.25, a quick ratio of 3.20 and a debt-to-equity ratio of 0.55.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Investors of record on Thursday, June 30th were paid a dividend of $0.27 per share. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.45%. The ex-dividend date was Wednesday, June 29th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 113.68%.

Insider Buying and Selling

In related news, CEO Peter M. Mavoides purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average cost of $20.68 per share, for a total transaction of $413,600.00. Following the purchase, the chief executive officer now directly owns 459,170 shares of the company’s stock, valued at $9,495,635.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.27% of the stock is owned by company insiders.

Institutional Investors Weigh In On Essential Properties Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of EPRT. Quadrant Capital Group LLC grew its position in Essential Properties Realty Trust by 85.1% during the 1st quarter. Quadrant Capital Group LLC now owns 1,142 shares of the company’s stock worth $29,000 after purchasing an additional 525 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Essential Properties Realty Trust by 218.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,594 shares of the company’s stock worth $75,000 after purchasing an additional 1,779 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Essential Properties Realty Trust during the 2nd quarter worth $92,000. Prospera Financial Services Inc purchased a new position in Essential Properties Realty Trust during the 1st quarter worth $128,000. Finally, Dupont Capital Management Corp purchased a new position in Essential Properties Realty Trust during the 1st quarter worth $157,000. 95.24% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Company Profile

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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.

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