Essential Properties Realty Trust, Inc. (NYSE:EPRT) Position Decreased by J.P. Morgan Private Wealth Advisors LLC

J.P. Morgan Private Wealth Advisors LLC lessened its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRTFree Report) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,107 shares of the company’s stock after selling 621 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Essential Properties Realty Trust were worth $1,062,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new position in Essential Properties Realty Trust during the second quarter valued at approximately $31,000. Lazard Asset Management LLC raised its position in shares of Essential Properties Realty Trust by 998.8% in the second quarter. Lazard Asset Management LLC now owns 3,571 shares of the company’s stock valued at $83,000 after purchasing an additional 3,246 shares during the period. State of Wyoming raised its position in shares of Essential Properties Realty Trust by 367.7% in the second quarter. State of Wyoming now owns 5,655 shares of the company’s stock valued at $133,000 after purchasing an additional 4,446 shares during the period. Captrust Financial Advisors bought a new position in shares of Essential Properties Realty Trust in the second quarter valued at approximately $137,000. Finally, Walleye Trading LLC bought a new position in shares of Essential Properties Realty Trust in the second quarter valued at approximately $200,000. Institutional investors own 96.98% of the company’s stock.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 16,884 shares of Essential Properties Realty Trust stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.76, for a total transaction of $418,047.84. Following the sale, the chief executive officer now owns 477,476 shares in the company, valued at $11,822,305.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Peter M. Mavoides sold 16,884 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.76, for a total value of $418,047.84. Following the sale, the chief executive officer now owns 477,476 shares in the company, valued at approximately $11,822,305.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter M. Mavoides sold 17,618 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $25.50, for a total transaction of $449,259.00. Following the completion of the sale, the chief executive officer now owns 420,000 shares in the company, valued at approximately $10,710,000. The disclosure for this sale can be found here. Insiders have sold 93,631 shares of company stock worth $2,323,477 over the last 90 days. Corporate insiders own 1.06% of the company’s stock.

Essential Properties Realty Trust Trading Up 0.1 %

Shares of EPRT stock opened at $24.63 on Tuesday. Essential Properties Realty Trust, Inc. has a 1 year low of $20.49 and a 1 year high of $26.43. The company has a current ratio of 5.47, a quick ratio of 5.47 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $25.26 and its 200 day simple moving average is $23.75. The firm has a market capitalization of $4.10 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.40 and a beta of 1.30.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.14 dividend on an annualized basis and a yield of 4.63%. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.28. Essential Properties Realty Trust’s payout ratio is currently 96.61%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Raymond James lifted their price target on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Stifel Nicolaus lifted their price target on shares of Essential Properties Realty Trust from $25.75 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. B. Riley assumed coverage on shares of Essential Properties Realty Trust in a research report on Thursday, November 30th. They issued a “buy” rating and a $27.50 price target on the stock. Mizuho lifted their price target on shares of Essential Properties Realty Trust from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Truist Financial reaffirmed a “buy” rating and set a $29.00 target price on shares of Essential Properties Realty Trust in a research report on Monday, November 27th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Buy” and a consensus price target of $27.81.

Check Out Our Latest Report on Essential Properties Realty Trust

Essential Properties Realty Trust Profile

(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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