Wells Fargo & Company MN Sells 2,253 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Wells Fargo & Company MN lowered its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRTFree Report) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 292,301 shares of the company’s stock after selling 2,253 shares during the period. Wells Fargo & Company MN’s holdings in Essential Properties Realty Trust were worth $7,471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in Essential Properties Realty Trust during the fourth quarter worth about $26,000. Principal Securities Inc. bought a new stake in Essential Properties Realty Trust during the fourth quarter worth about $31,000. Signaturefd LLC grew its stake in Essential Properties Realty Trust by 666.8% during the fourth quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock worth $64,000 after buying an additional 2,167 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Essential Properties Realty Trust by 15.5% during the fourth quarter. Quadrant Capital Group LLC now owns 6,567 shares of the company’s stock worth $168,000 after buying an additional 881 shares during the last quarter. Finally, Covestor Ltd grew its stake in Essential Properties Realty Trust by 15.5% during the third quarter. Covestor Ltd now owns 7,848 shares of the company’s stock worth $170,000 after buying an additional 1,052 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on EPRT shares. BMO Capital Markets started 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 objective on the stock. Citigroup raised shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Scotiabank raised their price target on shares of Essential Properties Realty Trust from $26.00 to $28.00 and gave the company a “sector perform” rating in a report on Wednesday, May 29th. B. Riley reissued a “buy” rating and issued a $29.00 price target (up previously from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Finally, Stifel Nicolaus raised 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 report on Tuesday, March 19th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $28.64.

Check Out Our Latest Research Report on Essential Properties Realty Trust

Insider Transactions 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 on Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total transaction of $238,979.88. Following the transaction, the chief executive officer now directly owns 554,904 shares of the company’s stock, valued at $14,433,053.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Stephen D. Sautel sold 25,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $27.09, for a total value of $677,250.00. Following the sale, the director now directly owns 247,492 shares of the company’s stock, valued at approximately $6,704,558.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter M. Mavoides sold 9,188 shares of the business’s stock in a transaction on 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 directly owns 554,904 shares in the company, valued at $14,433,053.04. The disclosure for this sale can be found here. Insiders have sold a total of 34,288 shares of company stock valued at $918,830 over the last three months. 0.81% of the stock is currently owned by corporate insiders.

Essential Properties Realty Trust Price Performance

Shares of EPRT stock opened at $27.92 on Friday. The firm’s 50 day moving average price is $26.45 and its two-hundred day moving average price is $25.50. The stock has a market cap of $4.89 billion, a PE ratio of 22.70, a PEG ratio of 2.09 and a beta of 1.30. Essential Properties Realty Trust, Inc. has a 52-week low of $20.49 and a 52-week high of $27.96. 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 company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.15%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, June 28th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 92.68%.

About Essential Properties Realty Trust

(Free Report)

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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Institutional Ownership by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

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