Rendering EJS template throws an error this.templateText.replace is not a function

I'm trying to render an EJS template from file but I'm getting an error this.templateText.replace is not a function

const http = require('http');
const fs = require('fs');
const ejs = require('ejs');

const server = http.createServer(function(req, res){
    fs.readFile('index.ejs', function(err, data) {
        if (err) {
            res.end("Error");
        }

        res.end(ejs.render(data, { title: "Hello" }));
    });
});

server.listen(4000);