Essential Properties Realty Trust Inc (NYSE:EPRT) VP Daniel P. Donlan acquired 1,500 shares of the business’s stock in a transaction on Friday, December 14th. The stock was acquired at an average cost of $13.73 per share, for a total transaction of $20,595.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of NYSE EPRT traded down $0.03 during mid-day trading on Friday, hitting $14.27. The stock had a trading volume of 254,600 shares, compared to its average volume of 303,525. Essential Properties Realty Trust Inc has a twelve month low of $13.05 and a twelve month high of $14.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 12.86 and a quick ratio of 12.86.
Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Monday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. The firm had revenue of $25.74 million for the quarter, compared to analyst estimates of $25.60 million. Sell-side analysts forecast that Essential Properties Realty Trust Inc will post 0.79 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 14th. Shareholders of record on Monday, December 31st will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Friday, December 28th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC acquired a new position in Essential Properties Realty Trust during the 2nd quarter worth $1,153,000. Russell Investments Group Ltd. purchased a new position in shares of Essential Properties Realty Trust in the second quarter worth approximately $3,977,000. American Century Companies Inc. purchased a new position in shares of Essential Properties Realty Trust in the second quarter worth approximately $423,000. Centersquare Investment Management LLC acquired a new stake in shares of Essential Properties Realty Trust during the second quarter worth approximately $315,000. Finally, BlackRock Inc. acquired a new stake in Essential Properties Realty Trust in the second quarter valued at approximately $8,797,000. 78.81% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research lowered Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, December 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.35.
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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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