Sei Investments Co. Sells 56,295 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Sei Investments Co. decreased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,269 shares of the company’s stock after selling 56,295 shares during the period. Sei Investments Co. owned about 0.11% of Essential Properties Realty Trust worth $6,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

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

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total transaction of $406,750.00. Following the transaction, the director now directly owns 178,785 shares in the company, valued at approximately $5,817,663.90. This represents a 6.53 % 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 currently owned by insiders.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock opened at $32.62 on Tuesday. Essential Properties Realty Trust, Inc. has a 52-week low of $24.72 and a 52-week high of $34.88. 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 firm’s fifty day moving average is $31.85 and its 200 day moving average is $32.40. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.90 and a beta of 1.36.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a net margin of 45.15% and a return on equity of 6.12%. Sell-side analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 dividend yield of 3.62%. The ex-dividend date is Monday, March 31st. Essential Properties Realty Trust’s dividend payout ratio is currently 103.51%.

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.