Two Sigma Investments LP trimmed its holdings in shares of Essential Properties Realty Trust Inc (NYSE:EPRT) by 84.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,485 shares of the company’s stock after selling 57,139 shares during the period. Two Sigma Investments LP’s holdings in Essential Properties Realty Trust were worth $145,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Wells Fargo & Company MN bought a new position in shares of Essential Properties Realty Trust during the third quarter worth about $486,000. Rhumbline Advisers bought a new position in shares of Essential Properties Realty Trust during the third quarter worth about $484,000. Bank of New York Mellon Corp bought a new position in shares of Essential Properties Realty Trust during the third quarter worth about $1,483,000. BlackRock Inc. grew its stake in Essential Properties Realty Trust by 230.7% during the third quarter. BlackRock Inc. now owns 2,148,745 shares of the company’s stock worth $30,491,000 after purchasing an additional 1,499,036 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new stake in Essential Properties Realty Trust during the third quarter worth approximately $521,000. Institutional investors and hedge funds own 98.32% of the company’s stock.
Shares of EPRT traded up $0.28 during midday trading on Thursday, reaching $20.35. The stock had a trading volume of 541,067 shares, compared to its average volume of 552,329. Essential Properties Realty Trust Inc has a 12-month low of $13.05 and a 12-month high of $20.95. The company has a current ratio of 6.18, a quick ratio of 6.18 and a debt-to-equity ratio of 0.67.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Friday, March 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Thursday, March 28th.
Several research analysts recently issued reports on EPRT shares. Zacks Investment Research raised Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, March 6th. Bank of America lifted their target price on Essential Properties Realty Trust from $14.00 to $16.50 and gave the company an “underperform” rating in a research report on Tuesday, March 5th. Barclays reiterated a “hold” rating and set a $18.00 price target on shares of Essential Properties Realty Trust in a report on Tuesday, April 16th. Boenning Scattergood restated a “buy” rating on shares of Essential Properties Realty Trust in a research note on Friday, March 1st. Finally, Credit Suisse Group boosted their target price on Essential Properties Realty Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Essential Properties Realty Trust has an average rating of “Buy” and a consensus price target of $18.17.
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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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