Pensionfund PDN Purchases Shares of 60,500 Essential Properties Realty Trust, Inc. $EPRT

Pensionfund PDN acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 60,500 shares of the company’s stock, valued at approximately $1,794,000. Essential Properties Realty Trust comprises 1.2% of Pensionfund PDN’s portfolio, making the stock its 26th largest holding.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Essential Properties Realty Trust by 8.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,284,712 shares of the company’s stock worth $104,815,000 after purchasing an additional 267,226 shares during the last quarter. AlphaQuest LLC acquired a new position in Essential Properties Realty Trust in the 3rd quarter valued at $1,242,000. Exchange Traded Concepts LLC increased its position in Essential Properties Realty Trust by 139.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 118,698 shares of the company’s stock worth $3,532,000 after buying an additional 69,157 shares during the period. Massachusetts Financial Services Co. MA increased its position in Essential Properties Realty Trust by 5.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,378,414 shares of the company’s stock worth $70,782,000 after buying an additional 115,567 shares during the period. Finally, Elo Mutual Pension Insurance Co lifted its holdings in shares of Essential Properties Realty Trust by 104.9% during the third quarter. Elo Mutual Pension Insurance Co now owns 60,838 shares of the company’s stock worth $1,811,000 after buying an additional 31,143 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CFO Robert Webb Salisbury sold 5,851 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $31.88, for a total value of $186,529.88. Following the transaction, the chief financial officer directly owned 8,310 shares of the company’s stock, valued at $264,922.80. This trade represents a 41.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP A Joseph Peil sold 19,657 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $32.10, for a total transaction of $630,989.70. Following the completion of the transaction, the vice president owned 76,525 shares of the company’s stock, valued at $2,456,452.50. The trade was a 20.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EPRT shares. Scotiabank boosted their target price on shares of Essential Properties Realty Trust from $34.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Evercore reiterated an “outperform” rating on shares of Essential Properties Realty Trust in a research note on Tuesday, February 17th. Truist Financial boosted their price objective on shares of Essential Properties Realty Trust from $34.00 to $37.00 and gave the company a “buy” rating in a report on Monday, March 9th. Barclays restated an “overweight” rating and set a $37.00 target price on shares of Essential Properties Realty Trust in a research report on Tuesday, January 13th. Finally, Mizuho raised their target price on shares of Essential Properties Realty Trust from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $36.60.

Essential Properties Realty Trust Stock Performance

EPRT opened at $31.35 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 6.37 and a current ratio of 6.37. Essential Properties Realty Trust, Inc. has a 52-week low of $27.44 and a 52-week high of $34.73. The firm has a market cap of $6.58 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 2.34 and a beta of 0.95. The business’s fifty day moving average is $32.06 and its 200-day moving average is $30.93.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, March 31st. Essential Properties Realty Trust’s dividend payout ratio is presently 96.88%.

Essential Properties Realty Trust Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.