Marshall Wace LLP Cuts Stock Position in Essential Properties Realty Trust Inc (NYSE:EPRT)

Marshall Wace LLP decreased its holdings in shares of Essential Properties Realty Trust Inc (NYSE:EPRT) by 24.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,224 shares of the company’s stock after selling 22,578 shares during the quarter. Marshall Wace LLP owned 0.09% of Essential Properties Realty Trust worth $1,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Security Benefit Life Insurance Co. KS acquired a new position in shares of Essential Properties Realty Trust in the fourth quarter valued at approximately $107,675,000. Brown Advisory Inc. acquired a new position in shares of Essential Properties Realty Trust in the fourth quarter valued at approximately $30,751,000. Frontier Capital Management Co. LLC increased its stake in shares of Essential Properties Realty Trust by 95.3% in the first quarter. Frontier Capital Management Co. LLC now owns 2,618,836 shares of the company’s stock valued at $51,120,000 after buying an additional 1,277,600 shares during the period. BlackRock Inc. increased its stake in shares of Essential Properties Realty Trust by 39.2% in the fourth quarter. BlackRock Inc. now owns 2,991,567 shares of the company’s stock valued at $41,403,000 after buying an additional 842,822 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of Essential Properties Realty Trust by 574.3% in the first quarter. Lazard Asset Management LLC now owns 760,809 shares of the company’s stock valued at $14,850,000 after buying an additional 647,981 shares during the period. 76.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Essential Properties Realty Trust stock traded up $0.55 on Thursday, reaching $20.38. 6,767,193 shares of the company’s stock were exchanged, compared to its average volume of 614,342. Essential Properties Realty Trust Inc has a 52 week low of $13.05 and a 52 week high of $21.83. The business has a 50-day moving average price of $20.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 12.94 and a current ratio of 12.94.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.14). Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%. The firm had revenue of $31.11 million during the quarter, compared to the consensus estimate of $29.27 million. On average, equities research analysts forecast that Essential Properties Realty Trust Inc will post 1.17 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.22 dividend. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Thursday, June 27th.

In related news, insider Peter M. Mavoides sold 43,891 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $19.82, for a total value of $869,919.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregg A. Seibert sold 24,352 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $19.82, for a total value of $482,656.64. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

Several analysts recently commented on the company. Bank of America upped their target price on Armstrong World Industries from $95.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Royal Bank of Canada reiterated a “hold” rating and issued a $0.35 target price on shares of DB Commodity Double Short ETN in a report on Friday, July 12th. Barclays set a €45.00 ($52.33) target price on Zalando and gave the company a “buy” rating in a report on Tuesday, April 16th. ValuEngine upgraded WPP from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th. Finally, Stifel Nicolaus set a $7.00 target price on Endologix and gave the company a “hold” rating in a report on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.24.

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

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