Essential Properties Realty Trust Inc (NYSE:EPRT) Director Paul T. Bossidy purchased 1,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was bought at an average cost of $20.94 per share, with a total value of $20,940.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Essential Properties Realty Trust stock traded down $0.08 during trading on Wednesday, hitting $20.85. The company’s stock had a trading volume of 4,000 shares, compared to its average volume of 537,145. Essential Properties Realty Trust Inc has a 1-year low of $13.05 and a 1-year high of $21.68. The company has a current ratio of 12.94, a quick ratio of 12.94 and a debt-to-equity ratio of 0.49.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ 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 2.40%. The firm had revenue of $31.11 million for the quarter, compared to analysts’ expectations of $29.27 million. On average, analysts anticipate that Essential Properties Realty Trust Inc will post 1.16 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.21.

A number of hedge funds have recently bought and sold shares of EPRT. State of Alaska Department of Revenue boosted its position 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 buying an additional 784 shares during the period. Foundry Partners LLC boosted its position 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 buying an additional 1,350 shares during the period. Legal & General Group Plc boosted its position 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 buying an additional 1,577 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Essential Properties Realty Trust in the first quarter worth about $37,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Essential Properties Realty Trust in the first quarter worth about $40,000. 76.03% of the stock is owned by hedge funds and other institutional investors.

EPRT has been the subject of several analyst reports. Berenberg Bank initiated coverage on Essential Properties Realty Trust in a research note on Tuesday, April 23rd. They issued a “buy” rating for the company. Bank of America upped their target price on Essential Properties Realty Trust from $14.00 to $16.50 and gave the company an “underperform” rating in a research note on Tuesday, March 5th. SunTrust Banks upped their target price on Essential Properties Realty Trust from $17.50 to $20.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Zacks Investment Research lowered Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Essential Properties Realty Trust in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.22.

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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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