Long Pond Capital LP purchased a new stake in Essential Properties Realty Trust Inc (NYSE:EPRT) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 461,500 shares of the company’s stock, valued at approximately $9,008,000.

Other large investors have also modified their holdings of the company. Marshall Wace North America L.P. acquired a new stake in Essential Properties Realty Trust during the 1st quarter worth $751,000. Westpac Banking Corp grew its holdings in shares of Essential Properties Realty Trust by 109.9% in the 1st quarter. Westpac Banking Corp now owns 213,408 shares of the company’s stock valued at $4,166,000 after buying an additional 111,728 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Essential Properties Realty Trust by 574.3% in the 1st quarter. Lazard Asset Management LLC now owns 760,809 shares of the company’s stock valued at $14,850,000 after buying an additional 647,981 shares during the period. ClariVest Asset Management LLC acquired a new position in shares of Essential Properties Realty Trust in the 1st quarter valued at $4,317,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Essential Properties Realty Trust by 104.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 22,694 shares of the company’s stock valued at $443,000 after buying an additional 11,599 shares during the period. 76.03% of the stock is currently owned by institutional investors.

NYSE EPRT traded down $0.01 on Friday, reaching $21.20. The company had a trading volume of 5,671 shares, compared to its average volume of 412,607. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 0.49. Essential Properties Realty Trust Inc has a 1-year low of $13.05 and a 1-year high of $21.68.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.14). Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%. The company had revenue of $31.11 million during the quarter, compared to analyst estimates of $29.27 million. As a group, sell-side analysts forecast that Essential Properties Realty Trust Inc will post 1.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.15%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, June 27th.

Several brokerages have recently issued reports on EPRT. Zacks Investment Research lowered shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Berenberg Bank began coverage on shares of Essential Properties Realty Trust in a report on Tuesday, April 23rd. They issued a “buy” rating for the company. Boenning Scattergood set a $21.00 price target on shares of Essential Properties Realty Trust and gave the company a “buy” rating in a report on Friday, May 10th. Bank of America raised shares of Essential Properties Realty Trust from an “underperform” rating to a “buy” rating and boosted their price target for the company from $20.00 to $23.00 in a report on Tuesday. Finally, Barclays reissued a “hold” rating and issued a $18.00 price target on shares of Essential Properties Realty Trust in a report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $19.22.

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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.

Further Reading: Sell-Side Analysts

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

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