Bank of America Corp DE Buys 56,993 Shares of Essential Properties Realty Trust Inc (EPRT)

Bank of America Corp DE lifted its stake in Essential Properties Realty Trust Inc (NYSE:EPRT) by 410.6% during the 4th quarter, Holdings Channel reports. The firm owned 70,873 shares of the company’s stock after acquiring an additional 56,993 shares during the period. Bank of America Corp DE’s holdings in Essential Properties Realty Trust were worth $981,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EPRT. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Essential Properties Realty Trust during the fourth quarter worth about $37,000. Legal & General Group Plc lifted its holdings in Essential Properties Realty Trust by 35.0% during the third quarter. Legal & General Group Plc now owns 5,399 shares of the company’s stock worth $77,000 after acquiring an additional 1,399 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Essential Properties Realty Trust during the fourth quarter worth about $82,000. PNC Financial Services Group Inc. lifted its holdings in Essential Properties Realty Trust by 49,292.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,421 shares of the company’s stock worth $89,000 after acquiring an additional 6,408 shares in the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in Essential Properties Realty Trust during the fourth quarter worth about $106,000. Institutional investors and hedge funds own 98.32% of the company’s stock.

Several research analysts have weighed in on the company. Zacks Investment Research lowered Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Boenning Scattergood set a $21.00 target price on Essential Properties Realty Trust and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus assumed coverage on Essential Properties Realty Trust in a report on Monday, April 1st. They set a “buy” rating and a $21.50 target price on the stock. Barclays reiterated a “hold” rating and set a $18.00 target price on shares of Essential Properties Realty Trust in a report on Tuesday, April 16th. Finally, Berenberg Bank assumed coverage on Essential Properties Realty Trust in a report on Tuesday, April 23rd. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Essential Properties Realty Trust has a consensus rating of “Buy” and a consensus target price of $18.57.

EPRT stock opened at $20.38 on Monday. Essential Properties Realty Trust Inc has a 1-year low of $13.05 and a 1-year 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.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.14). Essential Properties Realty Trust had a net margin of 19.25% and a return on equity of 2.58%. The firm had revenue of $31.11 million during the quarter, compared to analyst estimates of $29.27 million. Equities analysts forecast that Essential Properties Realty Trust Inc will post 1.15 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Friday, March 29th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Thursday, March 28th.

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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.

Further Reading: Average Daily Trade Volume – What You Need to Know

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

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