Essential Properties Realty Trust (NYSE:EPRT) Sees Large Volume Increase

Essential Properties Realty Trust, Inc. (NYSE:EPRT) saw unusually-high trading volume on Thursday . Approximately 686,837 shares were traded during mid-day trading, a decline of 25% from the previous session’s volume of 914,141 shares.The stock last traded at $23.92 and had previously closed at $23.39.

Analyst Ratings Changes

Separately, BNP Paribas started coverage on Essential Properties Realty Trust in a research note on Wednesday, June 14th. They set an “outperform” rating and a $29.00 price objective for the company.

Essential Properties Realty Trust Stock Up 1.9 %

The firm has a market capitalization of $3.72 billion, a PE ratio of 20.33, a P/E/G ratio of 3.46 and a beta of 1.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.77 and a quick ratio of 3.77. The company has a 50-day moving average price of $24.14 and a 200 day moving average price of $24.32.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.28 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.12 dividend on an annualized basis and a yield of 4.70%. Essential Properties Realty Trust’s dividend payout ratio is presently 97.39%.

Hedge Funds Weigh In On Essential Properties Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its position in shares of Essential Properties Realty Trust by 372.1% in the fourth quarter. Morgan Stanley now owns 4,254,906 shares of the company’s stock worth $99,863,000 after buying an additional 3,353,556 shares in the last quarter. Vanguard Group Inc. increased its stake in Essential Properties Realty Trust by 8.6% in the third quarter. Vanguard Group Inc. now owns 23,275,419 shares of the company’s stock worth $452,707,000 after purchasing an additional 1,845,507 shares during the period. Principal Financial Group Inc. boosted its position in Essential Properties Realty Trust by 186.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,636,012 shares of the company’s stock valued at $65,504,000 after buying an additional 1,715,238 shares during the period. Norges Bank purchased a new stake in shares of Essential Properties Realty Trust in the fourth quarter valued at approximately $37,956,000. Finally, Millennium Management LLC lifted its holdings in shares of Essential Properties Realty Trust by 118.4% in the 4th quarter. Millennium Management LLC now owns 2,658,749 shares of the company’s stock worth $62,401,000 after buying an additional 1,441,161 shares during the period. Institutional investors own 96.98% of the company’s stock.

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