RMR Advisors LLC bought a new stake in Essential Properties Realty Trust Inc (NYSE:EPRT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $98,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in EPRT. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Essential Properties Realty Trust in the 4th quarter valued at about $37,000. Legal & General Group Plc lifted its position in Essential Properties Realty Trust by 35.0% in the third quarter. Legal & General Group Plc now owns 5,399 shares of the company’s stock worth $77,000 after purchasing an additional 1,399 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Essential Properties Realty Trust during the fourth quarter valued at $82,000. PNC Financial Services Group Inc. lifted its holdings in shares of Essential Properties Realty Trust by 49,292.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,421 shares of the company’s stock valued at $89,000 after acquiring an additional 6,408 shares during the period. Finally, Great West Life Assurance Co. Can bought a new position in shares of Essential Properties Realty Trust during the fourth quarter valued at $106,000. Hedge funds and other institutional investors own 98.32% of the company’s stock.
EPRT has been the subject of a number of analyst reports. Zacks Investment Research cut Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, December 21st. Raymond James initiated coverage on Essential Properties Realty Trust in a report on Monday, February 25th. They set a “market perform” rating and a $16.70 price objective for the company. Boenning Scattergood reissued a “buy” rating on shares of Essential Properties Realty Trust in a report on Friday, March 1st. Bank of America lifted their price objective on Essential Properties Realty Trust from $14.00 to $16.50 and gave the company an “underperform” rating in a report on Tuesday, March 5th. Finally, SunTrust Banks lifted their price objective on Essential Properties Realty Trust from $17.50 to $20.00 and gave the company a “buy” rating in a report on Monday, March 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.77.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Friday, March 29th were paid a $0.21 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.47%.
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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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