Essential Properties Realty Trust Inc (EPRT) VP Hillary P. Hai Purchases 5,000 Shares

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Essential Properties Realty Trust Inc (NYSE:EPRT) VP Hillary P. Hai bought 5,000 shares of the company’s stock in a transaction dated Monday, June 25th. The shares were acquired at an average price of $14.00 per share, for a total transaction of $70,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

EPRT stock opened at $14.07 on Wednesday. The company has a current ratio of 22.15, a quick ratio of 22.15 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust Inc has a 12-month low of $13.05 and a 12-month high of $14.75.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $25.74 million during the quarter, compared to analyst estimates of $25.60 million. On average, sell-side analysts predict that Essential Properties Realty Trust Inc will post 0.85 earnings per share for the current year.

The company also recently disclosed a special dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were issued a $0.224 dividend. The ex-dividend date was Thursday, September 27th.

Hedge funds have recently bought and sold shares of the stock. Long Pond Capital LP acquired a new stake in Essential Properties Realty Trust in the 2nd quarter worth about $40,620,000. Centersquare Investment Management LLC acquired a new stake in Essential Properties Realty Trust in the 2nd quarter worth about $315,000. Penn Capital Management Co. Inc. acquired a new stake in Essential Properties Realty Trust in the 2nd quarter worth about $951,000. Point72 Asset Management L.P. purchased a new position in Essential Properties Realty Trust in the 2nd quarter worth approximately $3,385,000. Finally, BlackRock Inc. purchased a new position in Essential Properties Realty Trust in the 2nd quarter worth approximately $8,797,000. Institutional investors own 84.60% of the company’s stock.

EPRT has been the topic of a number of analyst reports. Goldman Sachs Group initiated coverage on Essential Properties Realty Trust in a research report on Monday, July 16th. They set a “buy” rating on the stock. Bank of America raised their target price on Essential Properties Realty Trust from $14.00 to $14.30 and gave the company a “neutral” rating in a research report on Monday, September 10th. Zacks Investment Research upgraded Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. LADENBURG THALM/SH SH initiated coverage on Essential Properties Realty Trust in a research report on Monday, July 16th. They set a “buy” rating and a $16.00 target price on the stock. Finally, Credit Suisse Group initiated coverage on Essential Properties Realty Trust in a research report on Monday, July 16th. They set an “outperform” rating and a $15.50 target price on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Essential Properties Realty Trust currently has an average rating of “Buy” and an average price target of $15.13.

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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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