Walleye Capital LLC Takes $1.65 Million Position in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Walleye Capital LLC purchased a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Rating) in the 1st quarter, Holdings Channel reports. The firm purchased 65,241 shares of the company’s stock, valued at approximately $1,651,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EPRT. Eaton Vance Management acquired a new position in shares of Essential Properties Realty Trust in the 4th quarter valued at $68,542,000. Millennium Management LLC grew its holdings in shares of Essential Properties Realty Trust by 4,314.5% in the 4th quarter. Millennium Management LLC now owns 1,053,866 shares of the company’s stock valued at $30,383,000 after buying an additional 1,029,993 shares during the period. State Street Corp boosted its stake in Essential Properties Realty Trust by 13.5% in the 1st quarter. State Street Corp now owns 7,323,487 shares of the company’s stock worth $187,156,000 after purchasing an additional 870,780 shares during the period. Vanguard Group Inc. increased its holdings in Essential Properties Realty Trust by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 19,944,341 shares of the company’s stock worth $504,592,000 after purchasing an additional 788,670 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC bought a new position in Essential Properties Realty Trust during the 1st quarter worth about $15,271,000. Institutional investors and hedge funds own 97.02% of the company’s stock.

Wall Street Analyst Weigh In

EPRT has been the subject of a number of research reports. Citigroup increased their target price on Essential Properties Realty Trust to $24.00 in a report on Tuesday, August 9th. Bank of America upgraded Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, August 24th. The Goldman Sachs Group cut Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $31.00 to $26.00 in a report on Wednesday, May 25th. Credit Suisse Group reiterated a “neutral” rating and set a $22.00 target price on shares of Essential Properties Realty Trust in a report on Thursday, June 23rd. Finally, Evercore ISI reiterated an “outperform” rating and set a $26.00 target price (up previously from $24.00) on shares of Essential Properties Realty Trust in a report on Monday, September 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.06.

Essential Properties Realty Trust Trading Up 3.4 %

Essential Properties Realty Trust stock opened at $22.37 on Friday. The firm has a 50-day moving average of $23.25 and a 200-day moving average of $23.46. Essential Properties Realty Trust, Inc. has a one year low of $19.73 and a one year high of $31.23. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.25 and a quick ratio of 3.25. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 2.21 and a beta of 1.32.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.83%. Essential Properties Realty Trust’s dividend payout ratio is 113.68%.

About Essential Properties Realty Trust

(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.

Further Reading

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)

Receive News & Ratings for Essential Properties Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Properties Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.