American Century Companies Inc. lifted its position in Essential Properties Realty Trust Inc (NYSE:EPRT) by 1,256.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 423,950 shares of the company’s stock after buying an additional 392,696 shares during the period. American Century Companies Inc.’s holdings in Essential Properties Realty Trust were worth $6,016,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in shares of Essential Properties Realty Trust in the second quarter worth $47,771,000. Long Pond Capital LP bought a new position in Essential Properties Realty Trust in the second quarter valued at $40,620,000. Millennium Management LLC bought a new position in Essential Properties Realty Trust in the second quarter valued at $19,566,000. Mesirow Financial Investment Management Equity Management bought a new position in Essential Properties Realty Trust in the third quarter valued at $11,300,000. Finally, Russell Investments Group Ltd. increased its stake in Essential Properties Realty Trust by 132.7% in the third quarter. Russell Investments Group Ltd. now owns 683,962 shares of the company’s stock valued at $9,677,000 after acquiring an additional 390,025 shares during the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.
EPRT opened at $13.86 on Friday. The company has a quick ratio of 12.86, a current ratio of 12.86 and a debt-to-equity ratio of 0.62. Essential Properties Realty Trust Inc has a 52 week low of $13.05 and a 52 week high of $14.75.
In other Essential Properties Realty Trust news, Director Paul T. Bossidy purchased 4,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was acquired at an average cost of $14.22 per share, for a total transaction of $56,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter M. Mavoides purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were acquired at an average price of $14.29 per share, with a total value of $142,900.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 22,100 shares of company stock worth $313,396.
EPRT has been the topic of a number of research analyst reports. Zacks Investment Research raised Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Bank of America increased their target price on Essential Properties Realty Trust from $14.00 to $14.30 and gave the company a “neutral” rating in a research note on Monday, September 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Essential Properties Realty Trust has an average rating of “Buy” and an average price target of $15.11.
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.
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