Essential Properties Realty Trust Inc (EPRT) Sees Large Decline in Short Interest

Essential Properties Realty Trust Inc (NYSE:EPRT) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 321,872 shares, a drop of 48.6% from the October 31st total of 626,617 shares. Based on an average trading volume of 497,575 shares, the short-interest ratio is presently 0.6 days. Currently, 0.9% of the company’s stock are sold short.

EPRT has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, November 20th. Bank of America lifted their price target on Essential Properties Realty Trust from $14.00 to $14.30 and gave the stock a “neutral” rating in a report on Monday, September 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $15.26.

In other Essential Properties Realty Trust news, Director Paul T. Bossidy purchased 4,000 shares of Essential Properties Realty Trust stock in a transaction that occurred on Tuesday, November 6th. The stock was acquired at an average price of $14.22 per share, for a total transaction of $56,880.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel P. Donlan purchased 2,100 shares of Essential Properties Realty Trust stock in a transaction that occurred on Thursday, November 15th. The shares were acquired at an average price of $13.76 per share, with a total value of $28,896.00. The disclosure for this purchase can be found here. Insiders bought a total of 22,100 shares of company stock valued at $313,396 in the last 90 days.

Several large investors have recently modified their holdings of the company. Claybrook Capital LLC bought a new stake in shares of Essential Properties Realty Trust during the third quarter worth approximately $142,000. Vanguard Group Inc. boosted its holdings in shares of Essential Properties Realty Trust by 248.8% during the third quarter. Vanguard Group Inc. now owns 1,046,426 shares of the company’s stock worth $14,849,000 after acquiring an additional 746,426 shares during the period. TIAA CREF Investment Management LLC bought a new stake in shares of Essential Properties Realty Trust during the third quarter worth approximately $1,020,000. Teachers Advisors LLC boosted its holdings in shares of Essential Properties Realty Trust by 100.0% during the third quarter. Teachers Advisors LLC now owns 800,002 shares of the company’s stock worth $11,352,000 after acquiring an additional 400,002 shares during the period. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Essential Properties Realty Trust during the third quarter worth approximately $521,000. Institutional investors own 78.81% of the company’s stock.

Shares of NYSE:EPRT opened at $14.22 on Thursday. Essential Properties Realty Trust has a 12-month low of $13.05 and a 12-month high of $14.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 12.86 and a quick ratio of 12.86.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $25.74 million for the quarter, compared to the consensus estimate of $25.60 million. As a group, equities analysts expect that Essential Properties Realty Trust will post 0.87 EPS for the current year.

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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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