Essential Properties Realty Trust Inc (NYSE:EPRT) Director Acquires $20,940.00 in Stock

Essential Properties Realty Trust Inc (NYSE:EPRT) Director Paul T. Bossidy bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average price of $20.94 per share, with a total value of $20,940.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NYSE:EPRT traded up $0.11 during trading on Friday, hitting $21.32. The company’s stock had a trading volume of 763,206 shares, compared to its average volume of 415,795. The company has a debt-to-equity ratio of 0.49, a quick ratio of 12.94 and a current ratio of 12.94. Essential Properties Realty Trust Inc has a fifty-two week low of $13.05 and a fifty-two week high of $21.68.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.14). The business had revenue of $31.11 million during the quarter, compared to analyst estimates of $29.27 million. Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%. Equities analysts expect that Essential Properties Realty Trust Inc will post 1.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.22 dividend. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.88 annualized dividend and a dividend yield of 4.13%.

Several analysts recently weighed in on EPRT shares. Zacks Investment Research downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Boenning Scattergood reiterated a “buy” rating on shares of Essential Properties Realty Trust in a report on Friday, March 1st. Bank of America lifted their target price on shares of Essential Properties Realty Trust from $14.00 to $16.50 and gave the company an “underperform” rating in a report on Tuesday, March 5th. SunTrust Banks lifted their target price on shares of Essential Properties Realty Trust from $17.50 to $20.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Raymond James started coverage on shares of Essential Properties Realty Trust in a report on Monday, February 25th. They issued a “market perform” rating and a $16.70 target price for the company. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Essential Properties Realty Trust has a consensus rating of “Buy” and a consensus price target of $19.22.

Several large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its stake in shares of Essential Properties Realty Trust by 7.3% in the first quarter. State of Alaska Department of Revenue now owns 11,493 shares of the company’s stock worth $223,000 after acquiring an additional 784 shares in the last quarter. Foundry Partners LLC grew its stake in shares of Essential Properties Realty Trust by 5.0% in the first quarter. Foundry Partners LLC now owns 28,320 shares of the company’s stock worth $553,000 after acquiring an additional 1,350 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Essential Properties Realty Trust by 29.2% in the fourth quarter. Legal & General Group Plc now owns 6,976 shares of the company’s stock worth $97,000 after acquiring an additional 1,577 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Essential Properties Realty Trust in the first quarter worth $37,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Essential Properties Realty Trust in the first quarter worth $40,000. Institutional investors and hedge funds own 76.03% of the company’s stock.

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Essential Properties Realty Trust Company 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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