Essential Properties Realty Trust (NYSE:EPRT) Hits New 1-Year High at $27.42

Essential Properties Realty Trust, Inc. (NYSE:EPRT)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.42 and last traded at $27.42, with a volume of 103847 shares changing hands. The stock had previously closed at $27.15.

Analyst Upgrades and Downgrades

EPRT has been the subject of several recent analyst reports. Citigroup upgraded shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.00 to $28.50 in a research note on Friday, March 22nd. B. Riley reiterated a “buy” rating and issued a $29.00 target price (up from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. Stifel Nicolaus raised their price objective on shares of Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. BMO Capital Markets started coverage on shares of Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price objective for the company. Finally, Raymond James raised their price objective on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $28.22.

Essential Properties Realty Trust Price Performance

The business’s 50 day moving average is $25.57 and its 200-day moving average is $24.76. The firm has a market capitalization of $4.78 billion, a P/E ratio of 22.07, a PEG ratio of 1.98 and a beta of 1.26. The company has a quick ratio of 7.61, a current ratio of 7.61 and a debt-to-equity ratio of 0.51.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.14 dividend on an annualized basis and a yield of 4.18%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 92.68%.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 11,904 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $24.35, for a total value of $289,862.40. Following the transaction, the chief executive officer now directly owns 571,606 shares of the company’s stock, valued at $13,918,606.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 9,188 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $289,862.40. Following the completion of the transaction, the chief executive officer now directly owns 571,606 shares in the company, valued at $13,918,606.10. The disclosure for this sale can be found here. Insiders sold 26,906 shares of company stock worth $674,749 over the last three months. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Essential Properties Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in Essential Properties Realty Trust by 4.2% during the third 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 position 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 purchasing an additional 683 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 purchasing an additional 7,058 shares during the period. Mackenzie Financial Corp boosted its position in shares of Essential Properties Realty Trust by 2.8% in the third quarter. Mackenzie Financial Corp now owns 32,828 shares of the company’s stock valued at $684,000 after acquiring an additional 907 shares during the period. Finally, Strs Ohio boosted its position in shares of 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 acquiring an additional 228,200 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Company Profile

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.