Foundry Partners LLC Acquires 670 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Foundry Partners LLC boosted its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,174 shares of the company’s stock after acquiring an additional 670 shares during the quarter. Foundry Partners LLC’s holdings in Essential Properties Realty Trust were worth $439,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Deutsche Bank AG raised its position in shares of Essential Properties Realty Trust by 31.4% in the third quarter. Deutsche Bank AG now owns 5,305,696 shares of the company’s stock valued at $114,762,000 after purchasing an additional 1,267,534 shares during the period. Daiwa Securities Group Inc. increased its position in Essential Properties Realty Trust by 9.0% during the third quarter. Daiwa Securities Group Inc. now owns 49,834 shares of the company’s stock worth $1,078,000 after acquiring an additional 4,105 shares during the period. Victory Capital Management Inc. increased its position in Essential Properties Realty Trust by 5.9% during the third quarter. Victory Capital Management Inc. now owns 1,133,159 shares of the company’s stock worth $24,510,000 after acquiring an additional 63,496 shares during the period. Rhumbline Advisers increased its position in Essential Properties Realty Trust by 12.6% during the third quarter. Rhumbline Advisers now owns 556,319 shares of the company’s stock worth $12,033,000 after acquiring an additional 62,169 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Essential Properties Realty Trust during the third quarter worth $715,000. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

Shares of NYSE:EPRT opened at $25.76 on Tuesday. The stock has a market capitalization of $4.36 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.88 and a beta of 1.27. Essential Properties Realty Trust, Inc. has a 1-year low of $20.49 and a 1-year high of $26.77. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $25.19 and a two-hundred day moving average price of $24.41.

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.285 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.14 annualized dividend and a yield of 4.43%. Essential Properties Realty Trust’s dividend payout ratio is currently 91.94%.

Analyst Upgrades and Downgrades

EPRT has been the topic of a number of research reports. B. Riley reaffirmed a “buy” rating and set a $29.00 target price (up previously from $27.50) on shares of Essential Properties Realty Trust in a research report on Wednesday, March 13th. Raymond James boosted their target price on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. BMO Capital Markets started coverage on shares of Essential Properties Realty Trust in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $29.00 target price on the stock. Citigroup upgraded shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $25.00 to $28.50 in a research note on Friday, March 22nd. Finally, Mizuho reduced their target price on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $28.22.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 5,714 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $25.08, for a total transaction of $143,307.12. Following the completion of the sale, the chief executive officer now directly owns 565,892 shares of the company’s stock, valued at approximately $14,192,571.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Peter M. Mavoides sold 11,904 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $24.35, for a total value of $289,862.40. Following the completion of the sale, the chief executive officer now directly owns 571,606 shares of the company’s stock, valued at approximately $13,918,606.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Peter M. Mavoides sold 5,714 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $25.08, for a total value of $143,307.12. Following the completion of the sale, the chief executive officer now directly owns 565,892 shares of the company’s stock, valued at $14,192,571.36. The disclosure for this sale can be found here. In the last three months, insiders sold 44,524 shares of company stock valued at $1,113,438. 0.81% of the stock is currently owned by 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.