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

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Oregon Public Employees Retirement Fund grew its position in Essential Properties Realty Trust Inc (NYSE:EPRT) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,980 shares of the company’s stock after acquiring an additional 780 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Essential Properties Realty Trust were worth $534,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. New York State Teachers Retirement System boosted its holdings in shares of Essential Properties Realty Trust by 216.4% in the second quarter. New York State Teachers Retirement System now owns 234,623 shares of the company’s stock valued at $3,482,000 after acquiring an additional 160,477 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Essential Properties Realty Trust by 38.9% in the second quarter. SG Americas Securities LLC now owns 59,164 shares of the company’s stock valued at $878,000 after acquiring an additional 16,579 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Essential Properties Realty Trust in the second quarter valued at about $137,000. Ford Financial Group LLC boosted its holdings in Essential Properties Realty Trust by 18.1% during the second quarter. Ford Financial Group LLC now owns 26,266 shares of the company’s stock worth $389,000 after buying an additional 4,020 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Essential Properties Realty Trust by 30.3% during the second quarter. Exchange Traded Concepts LLC now owns 102,880 shares of the company’s stock worth $1,527,000 after buying an additional 23,919 shares in the last quarter. 96.29% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Stephen D. Sautel purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $10.50 per share, with a total value of $52,500.00. Following the completion of the transaction, the director now owns 265,617 shares of the company’s stock, valued at approximately $2,788,978.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter M. Mavoides sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $11.42, for a total transaction of $228,400.00. Following the transaction, the chief executive officer now directly owns 283,837 shares of the company’s stock, valued at approximately $3,241,418.54. The disclosure for this sale can be found here. In the last three months, insiders bought 23,825 shares of company stock valued at $282,976. Company insiders own 1.60% of the company’s stock.

Shares of EPRT opened at $16.10 on Friday. The company has a 50-day moving average of $15.76 and a two-hundred day moving average of $17.72. The company has a current ratio of 4.44, a quick ratio of 4.44 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1.48 billion, a P/E ratio of 24.77, a PEG ratio of 3.19 and a beta of 1.29. Essential Properties Realty Trust Inc has a 12-month low of $6.08 and a 12-month high of $29.34.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $41.49 million during the quarter, compared to analyst estimates of $41.38 million. Essential Properties Realty Trust had a net margin of 33.17% and a return on equity of 4.24%. As a group, analysts forecast that Essential Properties Realty Trust Inc will post 1.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Monday, June 29th. Essential Properties Realty Trust’s dividend payout ratio is presently 146.03%.

EPRT has been the topic of a number of research analyst reports. Scotiabank downgraded shares of Essential Properties Realty Trust from a “sector outperform” rating to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Thursday, April 16th. Royal Bank of Canada reissued a “sell” rating and set a $15.00 price objective on shares of Essential Properties Realty Trust in a report on Sunday, May 10th. Evercore ISI raised shares of Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Monday, June 8th. TheStreet downgraded shares of Essential Properties Realty Trust from a “c-” rating to a “d+” rating in a report on Tuesday, April 7th. Finally, SunTrust Banks decreased their price objective on shares of Essential Properties Realty Trust from $27.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, April 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $21.10.

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.

See Also: Net Income

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

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