Essential Properties Realty Trust Inc (EPRT) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in Essential Properties Realty Trust Inc (NYSE:EPRT) by 3,193.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 52,425 shares of the company’s stock after purchasing an additional 50,833 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Essential Properties Realty Trust were worth $744,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Long Pond Capital LP bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at $40,620,000. Centersquare Investment Management LLC bought a new stake in Essential Properties Realty Trust during the 2nd quarter valued at $315,000. BlackRock Inc. bought a new stake in Essential Properties Realty Trust during the 2nd quarter valued at $8,797,000. Point72 Asset Management L.P. bought a new stake in Essential Properties Realty Trust during the 2nd quarter valued at $3,385,000. Finally, Citadel Advisors LLC bought a new stake in Essential Properties Realty Trust during the 2nd quarter valued at $47,771,000. Institutional investors own 78.81% of the company’s stock.

Shares of EPRT stock opened at $14.22 on Thursday. 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 12 month low of $13.05 and a 12 month high of $14.75.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Monday, November 5th. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $25.74 million for the quarter, compared to the consensus estimate of $25.60 million. Analysts forecast that Essential Properties Realty Trust Inc will post 0.88 EPS for the current year.

A number of brokerages have commented on EPRT. Zacks Investment Research upgraded shares of Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, November 20th. Bank of America lowered shares of Essential Properties Realty Trust from a “neutral” rating to an “underperform” rating in a research note on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.26.

In other news, VP Daniel P. Donlan acquired 2,100 shares of the business’s stock in a transaction on Thursday, November 15th. The shares were purchased at an average cost of $13.76 per share, with a total value of $28,896.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gregg A. Seibert acquired 6,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The shares were purchased at an average cost of $14.12 per share, for a total transaction of $84,720.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 22,100 shares of company stock worth $313,396 over the last ninety days.

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Essential Properties Realty Trust 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.

Read More: Compound Annual Growth Rate (CAGR)

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

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