Strs Ohio boosted its stake in Essential Properties Realty Trust Inc (NYSE:EPRT) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,298 shares of the company’s stock after acquiring an additional 3,150 shares during the quarter. Strs Ohio’s holdings in Essential Properties Realty Trust were worth $806,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Legal & General Group Plc lifted its position in Essential Properties Realty Trust by 35.0% during the 3rd quarter. Legal & General Group Plc now owns 5,399 shares of the company’s stock worth $77,000 after buying an additional 1,399 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Essential Properties Realty Trust by 114.5% during the 4th quarter. State of Alaska Department of Revenue now owns 10,709 shares of the company’s stock worth $148,000 after buying an additional 5,717 shares in the last quarter. Claybrook Capital LLC bought a new stake in Essential Properties Realty Trust during the 3rd quarter worth about $142,000. American International Group Inc. bought a new stake in Essential Properties Realty Trust during the 3rd quarter worth about $335,000. Finally, Rhumbline Advisers bought a new stake in Essential Properties Realty Trust during the 3rd quarter worth about $484,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.
EPRT has been the topic of several analyst reports. Zacks Investment Research raised shares of Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, December 25th. Bank of America cut shares of Essential Properties Realty Trust from a “neutral” rating to an “underperform” rating in a research report on Thursday, November 15th. Finally, Boenning Scattergood initiated coverage on shares of Essential Properties Realty Trust in a research report on Wednesday, December 12th. They set an “outperform” rating and a $17.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.35.
In other news, VP Daniel P. Donlan acquired 2,100 shares of the stock in a transaction dated Thursday, November 15th. The shares were 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 SEC, which is available through this hyperlink.
Essential Properties Realty Trust stock opened at $15.96 on Wednesday. Essential Properties Realty Trust Inc has a fifty-two week low of $13.05 and a fifty-two week high of $16.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 12.86 and a current ratio of 12.86.
Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Monday, November 5th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $25.74 million for the quarter, compared to analyst estimates of $25.60 million. As a group, equities research analysts forecast that Essential Properties Realty Trust Inc will post 0.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 14th. Stockholders of record on Monday, December 31st were paid a dividend of $0.21 per share. The ex-dividend date was Friday, December 28th. This represents a $0.84 annualized dividend and a dividend yield of 5.26%.
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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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.
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