Essential Properties Realty Trust Inc (NYSE:EPRT) COO Purchases $112,400.00 in Stock

Essential Properties Realty Trust Inc (NYSE:EPRT) COO Gregg A. Seibert acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $22.48 per share, for a total transaction of $112,400.00.

Shares of EPRT opened at $22.45 on Friday. The business’s 50-day moving average price is $21.74 and its 200-day moving average price is $20.25. Essential Properties Realty Trust Inc has a twelve month low of $13.05 and a twelve month high of $23.23. The stock has a market cap of $1.72 billion, a PE ratio of 43.40, a P/E/G ratio of 2.23 and a beta of 0.46. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.56.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Friday, September 27th.

EPRT has been the topic of several analyst reports. Evercore ISI set a $21.00 price target on Essential Properties Realty Trust and gave the company a “hold” rating in a research report on Wednesday, August 7th. Citigroup upped their price target on Essential Properties Realty Trust from $20.50 to $22.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. ValuEngine cut Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Bank of America upgraded Essential Properties Realty Trust from an “underperform” rating to a “buy” rating and upped their price target for the company from $20.00 to $23.00 in a research report on Tuesday, June 11th. Finally, Zacks Investment Research cut Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Essential Properties Realty Trust presently has a consensus rating of “Hold” and an average target price of $20.47.

Several institutional investors and hedge funds have recently made changes to their positions in EPRT. Frontier Capital Management Co. LLC increased its position in shares of Essential Properties Realty Trust by 95.3% during the first quarter. Frontier Capital Management Co. LLC now owns 2,618,836 shares of the company’s stock valued at $51,120,000 after buying an additional 1,277,600 shares during the period. Vanguard Group Inc. increased its position in shares of Essential Properties Realty Trust by 16.2% in the second quarter. Vanguard Group Inc. now owns 5,814,652 shares of the company’s stock worth $116,526,000 after purchasing an additional 808,975 shares during the last quarter. FMR LLC bought a new position in shares of Essential Properties Realty Trust in the first quarter worth approximately $15,261,000. Lazard Asset Management LLC increased its position in shares of Essential Properties Realty Trust by 574.3% in the first quarter. Lazard Asset Management LLC now owns 760,809 shares of the company’s stock worth $14,850,000 after purchasing an additional 647,981 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Essential Properties Realty Trust by 48.4% in the first quarter. Principal Financial Group Inc. now owns 1,829,971 shares of the company’s stock worth $35,721,000 after purchasing an additional 596,461 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

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