Adelante Capital Management LLC Has $1.49 Million Stock Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Adelante Capital Management LLC reduced its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 95.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 47,763 shares of the company’s stock after selling 1,063,871 shares during the period. Adelante Capital Management LLC’s holdings in Essential Properties Realty Trust were worth $1,494,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Selective Wealth Management Inc. lifted its stake in Essential Properties Realty Trust by 1.9% in the 4th quarter. Selective Wealth Management Inc. now owns 21,709 shares of the company’s stock valued at $673,000 after purchasing an additional 395 shares during the last quarter. Arizona State Retirement System lifted its stake in Essential Properties Realty Trust by 0.8% in the 4th quarter. Arizona State Retirement System now owns 50,884 shares of the company’s stock valued at $1,592,000 after purchasing an additional 399 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings 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 during the period. Summit Investment Advisors Inc. raised its holdings in Essential Properties Realty Trust by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,355 shares of the company’s stock valued at $574,000 after acquiring an additional 581 shares during the period. Finally, United Services Automobile Association raised its holdings in Essential Properties Realty Trust by 7.0% in the 4th quarter. United Services Automobile Association now owns 11,183 shares of the company’s stock valued at $350,000 after acquiring an additional 730 shares during the period. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EPRT. B. Riley cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and increased their price target for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Barclays decreased their price objective 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. Scotiabank decreased their price objective on shares of 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, Capital One Financial assumed coverage on 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. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.91.

Insiders Place Their Bets

In other news, Director Stephen D. Sautel sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $31.99, for a total value of $959,700.00. Following the transaction, the director now owns 218,785 shares in the company, valued at $6,998,932.15. This trade represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Trading Up 0.4 %

Shares of EPRT stock opened at $31.90 on Wednesday. The stock has a 50-day moving average of $31.67 and a 200-day moving average of $32.08. Essential Properties Realty Trust, Inc. has a 1-year low of $26.06 and a 1-year high of $34.88. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.90 and a beta of 1.08. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $129.35 million for the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. On average, equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were issued a $0.295 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 annualized dividend and a yield of 3.70%. Essential Properties Realty Trust’s payout ratio is currently 102.61%.

Essential Properties Realty Trust 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.