Oregon Public Employees Retirement Fund Grows Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

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Oregon Public Employees Retirement Fund lifted its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Rating) by 1.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 45,859 shares of the company’s stock after acquiring an additional 525 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Essential Properties Realty Trust were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in EPRT. Eaton Vance Management purchased a new stake in shares of Essential Properties Realty Trust during the fourth quarter valued at $68,542,000. Millennium Management LLC lifted its holdings in Essential Properties Realty Trust by 4,314.5% in the fourth quarter. Millennium Management LLC now owns 1,053,866 shares of the company’s stock valued at $30,383,000 after acquiring an additional 1,029,993 shares during the period. Waterfront Capital Partners LLC bought a new position in Essential Properties Realty Trust in the fourth quarter valued at about $29,359,000. State Street Corp lifted its holdings in Essential Properties Realty Trust by 11.4% in the fourth quarter. State Street Corp now owns 6,452,707 shares of the company’s stock valued at $187,689,000 after acquiring an additional 658,744 shares during the period. Finally, Nordea Investment Management AB bought a new position in Essential Properties Realty Trust in the fourth quarter valued at about $9,372,000. 95.24% of the stock is currently owned by institutional investors.

EPRT has been the topic of a number of recent research reports. Credit Suisse Group reissued a “neutral” rating and issued a $22.00 target price on shares of Essential Properties Realty Trust in a report on Thursday, June 23rd. Raymond James lowered their target price on Essential Properties Realty Trust from $28.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday. Evercore ISI set a $26.00 price objective on Essential Properties Realty Trust in a research note on Monday, June 20th. The Goldman Sachs Group downgraded Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $31.00 to $26.00 in a research note on Wednesday, May 25th. Finally, Truist Financial decreased their price objective on Essential Properties Realty Trust from $32.00 to $28.00 and set a “na” rating on the stock in a research note on Monday, May 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.69.

Shares of EPRT opened at $21.92 on Tuesday. The business’s 50 day moving average is $22.11 and its 200 day moving average is $24.52. The company has a market capitalization of $2.87 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 1.95 and a beta of 1.31. Essential Properties Realty Trust, Inc. has a 12-month low of $19.73 and a 12-month high of $32.92. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.53.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Wednesday, June 29th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.26. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 122.73%.

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were bought at an average price of $20.68 per share, with a total value of $413,600.00. Following the purchase, the chief executive officer now owns 459,170 shares of the company’s stock, valued at $9,495,635.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.27% of the stock is currently owned by company insiders.

Essential Properties Realty Trust Profile (Get Rating)

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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.

See Also

Want to see what other hedge funds are holding EPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Rating).

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



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