Stevens Capital Management LP Sells 22,994 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Stevens Capital Management LP trimmed its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 65.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,247 shares of the company’s stock after selling 22,994 shares during the quarter. Stevens Capital Management LP’s holdings in Essential Properties Realty Trust were worth $313,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Signaturefd LLC increased its stake in shares of Essential Properties Realty Trust by 666.8% in the fourth quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock worth $64,000 after buying an additional 2,167 shares during the period. Covestor Ltd increased its stake in shares of Essential Properties Realty Trust by 15.5% in the third quarter. Covestor Ltd now owns 7,848 shares of the company’s stock worth $170,000 after buying an additional 1,052 shares during the period. Cambria Investment Management L.P. purchased a new position in shares of Essential Properties Realty Trust in the third quarter worth $201,000. Cetera Trust Company N.A purchased a new position in shares of Essential Properties Realty Trust in the fourth quarter worth $241,000. Finally, Glenmede Trust Co. NA purchased a new position in shares of Essential Properties Realty Trust in the third quarter worth $223,000. 96.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Peter M. Mavoides sold 17,618 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $24.90, for a total value of $438,688.20. Following the transaction, the chief executive officer now owns 353,303 shares in the company, valued at approximately $8,797,244.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 17,618 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $24.90, for a total transaction of $438,688.20. Following the transaction, the chief executive officer now owns 353,303 shares in the company, valued at approximately $8,797,244.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter M. Mavoides sold 9,188 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total transaction of $238,979.88. Following the transaction, the chief executive officer now owns 554,904 shares in the company, valued at approximately $14,433,053.04. The disclosure for this sale can be found here. Insiders have sold a total of 44,524 shares of company stock worth $1,113,438 in the last quarter. Corporate insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Stock Down 0.2 %

Shares of NYSE:EPRT traded down $0.05 during midday trading on Friday, reaching $25.68. The company’s stock had a trading volume of 2,014,005 shares, compared to its average volume of 1,352,217. The firm has a 50 day moving average of $25.30 and a 200-day moving average of $24.46. The firm has a market capitalization of $4.35 billion, a P/E ratio of 20.92, a PEG ratio of 1.95 and a beta of 1.27. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.56. Essential Properties Realty Trust, Inc. has a 12-month low of $20.49 and a 12-month high of $26.77.

Essential Properties Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend was Wednesday, March 27th. Essential Properties Realty Trust’s payout ratio is 92.68%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. B. Riley reissued a “buy” rating and set a $29.00 price objective (up from $27.50) on shares of Essential Properties Realty Trust in a research report on Wednesday, March 13th. Raymond James boosted their price objective on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Stifel Nicolaus boosted their price objective on shares of Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Mizuho reduced their price objective on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, BMO Capital Markets assumed coverage on shares of Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price objective on the stock. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Essential Properties Realty Trust currently has an average rating of “Buy” and a consensus target price of $28.22.

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.