Essential Properties Realty Trust Inc (NYSE:EPRT) Stock Position Lowered by Manning & Napier Group LLC

Manning & Napier Group LLC lessened its position in Essential Properties Realty Trust Inc (NYSE:EPRT) by 1.5% during the third quarter, Holdings Channel reports. The institutional investor owned 195,404 shares of the company’s stock after selling 3,065 shares during the quarter. Manning & Napier Group LLC’s holdings in Essential Properties Realty Trust were worth $4,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cohen & Steers Inc. raised its stake in shares of Essential Properties Realty Trust by 44.6% in the 2nd quarter. Cohen & Steers Inc. now owns 718,953 shares of the company’s stock worth $14,408,000 after buying an additional 221,698 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth $5,687,000. Marshall Wace North America L.P. bought a new stake in shares of Essential Properties Realty Trust in the 1st quarter worth $751,000. JPMorgan Chase & Co. raised its stake in shares of Essential Properties Realty Trust by 208.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 167,183 shares of the company’s stock worth $3,281,000 after buying an additional 113,049 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Essential Properties Realty Trust during the second quarter worth $1,606,000. 75.47% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on EPRT. Evercore ISI set a $21.00 target price on Essential Properties Realty Trust and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Stifel Nicolaus boosted their target price on Essential Properties Realty Trust from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. ValuEngine lowered Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada began coverage on Essential Properties Realty Trust in a research report on Friday, July 12th. They set a “sector perform” rating and a $21.00 target price on the stock. Finally, Citigroup boosted their target price on Essential Properties Realty Trust from $20.50 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.79.



In related news, major shareholder Eldridge Industries, Llc sold 26,288,316 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $19.55, for a total transaction of $513,936,577.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Gregg A. Seibert purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $22.48 per share, for a total transaction of $112,400.00. 2.10% of the stock is owned by insiders.

Shares of Essential Properties Realty Trust stock opened at $23.79 on Friday. The stock’s fifty day moving average is $22.91 and its 200-day moving average is $21.08. The firm has a market capitalization of $1.85 billion, a PE ratio of 46.58, a price-to-earnings-growth ratio of 2.39 and a beta of 0.45. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.56. Essential Properties Realty Trust Inc has a 12-month low of $13.05 and a 12-month high of $24.59.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, September 27th.

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.

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

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