Geode Capital Management LLC increased its position in shares of Essential Properties Realty Trust Inc (NYSE:EPRT) by 55.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 380,292 shares of the company’s stock after buying an additional 135,474 shares during the quarter. Geode Capital Management LLC owned about 0.87% of Essential Properties Realty Trust worth $5,263,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Essential Properties Realty Trust during the 4th quarter worth approximately $37,000. Legal & General Group Plc lifted its position in Essential Properties Realty Trust by 35.0% during the 3rd 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 during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Essential Properties Realty Trust during the 4th quarter worth approximately $82,000. PNC Financial Services Group Inc. lifted its position in Essential Properties Realty Trust by 49,292.3% during the 4th 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 during the period. Finally, Great West Life Assurance Co. Can acquired a new stake in Essential Properties Realty Trust during the 4th quarter worth approximately $106,000. Hedge funds and other institutional investors own 98.32% of the company’s stock.

EPRT has been the subject of a number of recent research reports. Zacks Investment Research raised Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, December 25th. Bank of America increased their price objective on Essential Properties Realty Trust from $14.00 to $16.50 and gave the stock an “underperform” rating in a research report on Tuesday, March 5th. Barclays reaffirmed a “hold” rating and set a $18.00 price objective on shares of Essential Properties Realty Trust in a research report on Tuesday, April 16th. Boenning Scattergood reaffirmed a “buy” rating on shares of Essential Properties Realty Trust in a research report on Friday, March 1st. Finally, Credit Suisse Group increased their price objective 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.77.

EPRT opened at $19.07 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 6.18 and a current ratio of 6.18. Essential Properties Realty Trust Inc has a 12 month low of $13.05 and a 12 month high of $19.92.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Friday, March 29th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.84 annualized dividend and a yield of 4.40%.

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Essential Properties Realty Trust 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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