Essential Properties Realty Trust Inc (EPRT) Sees Large Decrease in Short Interest

Essential Properties Realty Trust Inc (NYSE:EPRT) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 321,872 shares, a decrease of 48.6% from the October 31st total of 626,617 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 497,575 shares, the short-interest ratio is presently 0.6 days.

NYSE EPRT opened at $14.65 on Friday. The company has a current ratio of 12.86, a quick ratio of 12.86 and a debt-to-equity ratio of 0.62. Essential Properties Realty Trust has a 12-month low of $13.05 and a 12-month high of $14.75.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Monday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $25.74 million for the quarter, compared to analyst estimates of $25.60 million. Equities analysts forecast that Essential Properties Realty Trust will post 0.88 earnings per share for the current year.

EPRT has been the subject of several analyst reports. Zacks Investment Research raised Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, November 20th. Bank of America upped their price objective 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $15.26.

In related news, insider Peter M. Mavoides acquired 10,000 shares of Essential Properties Realty Trust stock in a transaction on Tuesday, November 6th. The stock was purchased at an average cost of $14.29 per share, with a total value of $142,900.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel P. Donlan acquired 2,100 shares of Essential Properties Realty Trust stock in a transaction on Thursday, November 15th. The shares were bought at an average cost of $13.76 per share, with a total value of $28,896.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 22,100 shares of company stock valued at $313,396.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Claybrook Capital LLC acquired a new position in Essential Properties Realty Trust during the 3rd quarter worth approximately $142,000. Obermeyer Wood Investment Counsel Lllp acquired a new position in Essential Properties Realty Trust during the 2nd quarter worth approximately $271,000. Centersquare Investment Management LLC acquired a new position in Essential Properties Realty Trust during the 2nd quarter worth approximately $315,000. American International Group Inc. acquired a new position in Essential Properties Realty Trust during the 3rd quarter worth approximately $335,000. Finally, American Century Companies Inc. acquired a new position in Essential Properties Realty Trust during the 2nd quarter worth approximately $423,000. Institutional investors own 78.81% of the company’s stock.

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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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