Hillsdale Investment Management Inc. Takes $928,000 Position in Essential Properties Realty Trust Inc (NYSE:EPRT)

Hillsdale Investment Management Inc. bought a new stake in Essential Properties Realty Trust Inc (NYSE:EPRT) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 46,300 shares of the company’s stock, valued at approximately $928,000.

A number of other hedge funds have also recently bought and sold shares of EPRT. Swiss National Bank increased its holdings in Essential Properties Realty Trust by 2.0% during the 2nd quarter. Swiss National Bank now owns 88,500 shares of the company’s stock worth $1,774,000 after purchasing an additional 1,700 shares during the period. Coastal Investment Advisors Inc. purchased a new position in Essential Properties Realty Trust during the 2nd quarter worth $69,000. Stevens Capital Management LP purchased a new position in Essential Properties Realty Trust during the 2nd quarter worth $314,000. BNP Paribas Arbitrage SA increased its holdings in Essential Properties Realty Trust by 924.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 73,876 shares of the company’s stock worth $1,480,000 after purchasing an additional 66,665 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Essential Properties Realty Trust by 87.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,028 shares of the company’s stock worth $1,143,000 after purchasing an additional 26,642 shares during the period. 74.39% of the stock is currently owned by institutional investors.

In other news, VP Gregg A. Seibert sold 24,352 shares of Essential Properties Realty Trust stock in a transaction on Friday, June 28th. The stock was sold at an average price of $19.82, for a total value of $482,656.64. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter M. Mavoides sold 43,891 shares of Essential Properties Realty Trust stock in a transaction on Friday, June 28th. The shares were sold at an average price of $19.82, for a total value of $869,919.62. The disclosure for this sale can be found here. Insiders sold a total of 26,356,559 shares of company stock worth $515,289,154 over the last quarter. Company insiders own 2.10% of the company’s stock.

EPRT has been the topic of several research reports. Zacks Investment Research downgraded Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Royal Bank of Canada initiated coverage on Essential Properties Realty Trust in a report on Friday, July 12th. They set a “sector perform” rating and a $21.00 price objective on the stock. Berenberg Bank initiated coverage on Essential Properties Realty Trust in a report on Tuesday, April 23rd. They set a “buy” rating on the stock. Bank of America upgraded Essential Properties Realty Trust from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $23.00 in a report on Tuesday, June 11th. Finally, Boenning Scattergood set a $21.00 price objective on Essential Properties Realty Trust and gave the stock a “buy” rating in a report on Friday, May 10th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $20.32.

Shares of NYSE:EPRT traded up $0.20 on Friday, reaching $22.11. The company had a trading volume of 644,900 shares, compared to its average volume of 1,457,048. Essential Properties Realty Trust Inc has a 52-week low of $13.05 and a 52-week high of $22.29. The firm’s 50 day simple moving average is $20.56 and its 200-day simple moving average is $19.47. The firm has a market capitalization of $1.67 billion, a PE ratio of 42.13, a PEG ratio of 1.94 and a beta of 0.49. The company has a current ratio of 2.79, a quick ratio of 12.94 and a debt-to-equity ratio of 0.56.

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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Institutional Ownership by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

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