Teacher Retirement System of Texas Sells 16,809 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Teacher Retirement System of Texas decreased its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 47.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,265 shares of the company’s stock after selling 16,809 shares during the period. Teacher Retirement System of Texas’ holdings in Essential Properties Realty Trust were worth $571,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EPRT. Barclays PLC grew its holdings in Essential Properties Realty Trust by 118.6% in the 3rd quarter. Barclays PLC now owns 297,989 shares of the company’s stock worth $10,176,000 after acquiring an additional 161,697 shares during the last quarter. Truist Financial Corp purchased a new stake in shares of Essential Properties Realty Trust during the fourth quarter worth about $287,000. FMR LLC grew its stake in shares of Essential Properties Realty Trust by 1.9% in the third quarter. FMR LLC now owns 4,138,674 shares of the company’s stock worth $141,336,000 after purchasing an additional 76,475 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Essential Properties Realty Trust by 6.6% in the third quarter. JPMorgan Chase & Co. now owns 1,594,775 shares of the company’s stock worth $54,462,000 after purchasing an additional 98,467 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Essential Properties Realty Trust by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company’s stock valued at $89,866,000 after purchasing an additional 43,179 shares during the period. 96.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on EPRT. Deutsche Bank Aktiengesellschaft started coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price objective for the company. Capital One Financial began coverage on shares of Essential Properties Realty Trust in a report on Wednesday, February 12th. They issued an “overweight” rating and a $35.00 price target on the stock. B. Riley lowered shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Barclays cut their target price on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Scotiabank decreased their price target on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $34.91.

Essential Properties Realty Trust Stock Performance

Shares of EPRT opened at $32.58 on Monday. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 0.59. The stock has a market cap of $6.12 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.90 and a beta of 1.36. The business’s 50 day moving average price is $31.83 and its 200-day moving average price is $32.40. Essential Properties Realty Trust, Inc. has a 52 week low of $24.72 and a 52 week high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. Equities research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 103.51%.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 30,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $31.99, for a total transaction of $959,700.00. Following the sale, the director now directly owns 218,785 shares in the company, valued at approximately $6,998,932.15. This trade represents a 12.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.81% of the stock is owned by company insiders.

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.