Renaissance Group LLC Has $256,000 Holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Renaissance Group LLC trimmed its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,195 shares of the company’s stock after selling 588 shares during the quarter. Renaissance Group LLC’s holdings in Essential Properties Realty Trust were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Crowley Wealth Management Inc. bought a new position in shares of Essential Properties Realty Trust in the fourth quarter valued at $28,000. MassMutual Private Wealth & Trust FSB lifted its position in Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock valued at $34,000 after acquiring an additional 468 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Essential Properties Realty Trust by 1,834.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock valued at $37,000 after purchasing an additional 1,119 shares during the last quarter. Versant Capital Management Inc increased its holdings in Essential Properties Realty Trust by 215.4% during the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock worth $38,000 after purchasing an additional 827 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of Essential Properties Realty Trust in the third quarter worth approximately $79,000. Institutional investors and hedge funds own 96.98% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Essential Properties Realty Trust

In related news, Director Stephen D. Sautel sold 12,500 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total transaction of $406,750.00. Following the completion of the sale, the director now directly owns 178,785 shares in the company, valued at $5,817,663.90. This represents a 6.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is owned by insiders.

Essential Properties Realty Trust Stock Down 3.2 %

EPRT opened at $28.41 on Wednesday. The business’s fifty day simple moving average is $31.69 and its 200 day simple moving average is $32.27. 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 stock has a market cap of $5.34 billion, a PE ratio of 24.92, a P/E/G ratio of 2.90 and a beta of 1.08.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating 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%. As a group, research analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a $0.295 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.15%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 103.51%.

About Essential Properties Realty Trust

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.