Lido Advisors LLC Sells 132,741 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Lido Advisors LLC lessened its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 52.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,240 shares of the company’s stock after selling 132,741 shares during the period. Lido Advisors LLC owned about 0.07% of Essential Properties Realty Trust worth $3,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Crowley Wealth Management Inc. bought a new stake in Essential Properties Realty Trust in the 4th quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Essential Properties Realty Trust by 74.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after purchasing an additional 468 shares during the last quarter. Jones Financial Companies Lllp grew its position in Essential Properties Realty Trust by 1,834.4% in the fourth 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 in the last quarter. Versant Capital Management Inc increased its stake in Essential Properties Realty Trust by 215.4% in the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock valued at $38,000 after buying an additional 827 shares during the last quarter. Finally, Quarry LP raised its holdings in Essential Properties Realty Trust by 439.4% during the fourth quarter. Quarry LP now owns 1,451 shares of the company’s stock worth $45,000 after acquiring an additional 1,182 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Up 0.8 %

Essential Properties Realty Trust stock opened at $32.20 on Thursday. Essential Properties Realty Trust, Inc. has a fifty-two week low of $26.07 and a fifty-two week high of $34.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.36 and a current ratio of 5.36. The firm’s 50-day simple moving average is $31.68 and its 200 day simple moving average is $32.08. The stock has a market cap of $6.36 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 2.90 and a beta of 1.08.

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

Essential Properties Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.66%. Essential Properties Realty Trust’s payout ratio is 102.61%.

Insider Buying and Selling

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of Essential Properties Realty Trust 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 transaction, the director now owns 178,785 shares of the company’s stock, valued at $5,817,663.90. The trade was a 6.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EPRT shares. B. Riley downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $29.50 to $33.50 in a report on Wednesday, February 19th. Scotiabank cut 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 research note on Friday, February 28th. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an “overweight” rating and a $35.00 price objective for the company. Finally, Barclays cut their price objective on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.91.

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.