BlackRock Inc. raised its position in shares of Essential Properties Realty Trust Inc (NYSE:EPRT) by 230.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,148,745 shares of the company’s stock after acquiring an additional 1,499,036 shares during the period. BlackRock Inc. owned approximately 4.91% of Essential Properties Realty Trust worth $30,491,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of EPRT. Bank of New York Mellon Corp acquired a new position in shares of Essential Properties Realty Trust in the 3rd quarter worth $1,483,000. Alliancebernstein L.P. purchased a new position in shares of Essential Properties Realty Trust during the third quarter valued at $18,482,000. Rhumbline Advisers purchased a new position in shares of Essential Properties Realty Trust during the third quarter valued at $484,000. American Century Companies Inc. grew its holdings in shares of Essential Properties Realty Trust by 1,256.5% during the third quarter. American Century Companies Inc. now owns 423,950 shares of the company’s stock valued at $6,016,000 after buying an additional 392,696 shares in the last quarter. Finally, Wells Fargo & Company MN purchased a new position in shares of Essential Properties Realty Trust during the third quarter valued at $486,000. Institutional investors and hedge funds own 84.24% of the company’s stock.
In other Essential Properties Realty Trust news, VP Daniel P. Donlan purchased 2,100 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was bought at an average cost of $13.76 per share, for a total transaction of $28,896.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, November 20th. Bank of America cut Essential Properties Realty Trust from a “neutral” rating to an “underperform” rating in a research report on Thursday, November 15th. Finally, Boenning Scattergood assumed coverage on Essential Properties Realty Trust in a research report on Wednesday, December 12th. They set an “outperform” rating and a $17.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.35.
NYSE:EPRT traded down $0.03 during trading hours on Monday, hitting $16.01. 356,800 shares of the stock were exchanged, compared to its average volume of 268,855. The company has a quick ratio of 12.86, a current ratio of 12.86 and a debt-to-equity ratio of 0.62. Essential Properties Realty Trust Inc has a twelve month low of $13.05 and a twelve month high of $16.18.
The company also recently announced a quarterly dividend, which was paid on Monday, January 14th. Investors of record on Monday, December 31st were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $0.84 annualized dividend and a yield of 5.25%.
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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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.
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