Peter M. Mavoides Buys 10,000 Shares of Essential Properties Realty Trust Inc (EPRT) Stock

Essential Properties Realty Trust Inc (NYSE:EPRT) insider Peter M. Mavoides acquired 10,000 shares of the stock in a transaction on Tuesday, November 6th. The stock was bought at an average price of $14.29 per share, with a total value of $142,900.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NYSE EPRT opened at $14.13 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 22.15 and a current ratio of 12.86. Essential Properties Realty Trust Inc has a 1 year low of $13.05 and a 1 year high of $14.75.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Monday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $25.74 million during the quarter, compared to the consensus estimate of $25.60 million. As a group, equities research analysts anticipate that Essential Properties Realty Trust Inc will post 0.85 earnings per share for the current fiscal year.

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

EPRT has been the subject of several research reports. SunTrust Banks initiated coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They issued a “buy” rating and a $16.00 price objective for the company. LADENBURG THALM/SH SH initiated coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They issued a “buy” rating and a $16.00 price objective for the company. Goldman Sachs Group initiated coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They issued a “buy” rating for the company. Barclays initiated coverage on shares of Essential Properties Realty Trust in a research report on Monday, July 16th. They issued an “equal weight” rating and a $15.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $15.13.

Hedge funds and other institutional investors have recently modified their holdings of the company. Long Pond Capital LP bought a new position in shares of Essential Properties Realty Trust in the 2nd quarter valued at about $40,620,000. Centersquare Investment Management LLC bought a new position in shares of Essential Properties Realty Trust in the 2nd quarter valued at about $315,000. Penn Capital Management Co. Inc. bought a new position in shares of Essential Properties Realty Trust in the 2nd quarter valued at about $951,000. Point72 Asset Management L.P. bought a new position in shares of Essential Properties Realty Trust in the 2nd quarter valued at about $3,385,000. Finally, BlackRock Inc. bought a new position in shares of Essential Properties Realty Trust in the 2nd quarter valued at about $8,797,000. 84.60% of the stock is currently owned by institutional investors.

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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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Insider Buying and Selling by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

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