Essential Properties Realty Trust Inc (NYSE:EPRT) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its holdings in shares of Essential Properties Realty Trust Inc (NYSE:EPRT) by 574.3% in the 1st quarter, Holdings Channel reports. The firm owned 760,809 shares of the company’s stock after purchasing an additional 647,981 shares during the quarter. Lazard Asset Management LLC’s holdings in Essential Properties Realty Trust were worth $14,850,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. EAM Global Investors LLC purchased a new position in Essential Properties Realty Trust in the first quarter valued at about $1,559,000. Brasada Capital Management LP acquired a new stake in Essential Properties Realty Trust during the first quarter valued at approximately $1,100,000. Brown Advisory Inc. acquired a new stake in Essential Properties Realty Trust during the fourth quarter valued at approximately $30,751,000. Geode Capital Management LLC raised its stake in Essential Properties Realty Trust by 55.3% during the fourth quarter. Geode Capital Management LLC now owns 380,292 shares of the company’s stock valued at $5,263,000 after buying an additional 135,474 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Essential Properties Realty Trust by 248.8% during the third quarter. Vanguard Group Inc. now owns 1,046,426 shares of the company’s stock valued at $14,849,000 after buying an additional 746,426 shares in the last quarter. Institutional investors and hedge funds own 76.03% of the company’s stock.

EPRT opened at $21.24 on Friday. Essential Properties Realty Trust Inc has a 12 month low of $13.05 and a 12 month high of $21.68. 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 posted its earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.14). Essential Properties Realty Trust had a net margin of 19.25% and a return on equity of 2.40%. The business had revenue of $31.11 million during the quarter, compared to analyst estimates of $29.27 million. On average, analysts anticipate that Essential Properties Realty Trust Inc will post 1.16 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given 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 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Thursday, June 27th.

A number of analysts have recently weighed in on the company. Zacks Investment Research cut Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America upgraded Essential Properties Realty Trust from an “underperform” rating to a “buy” rating and increased their price target for the stock from $20.00 to $23.00 in a research report on Tuesday. Boenning Scattergood set a $21.00 price target on Essential Properties Realty Trust and gave the stock a “buy” rating in a research report on Friday, May 10th. Berenberg Bank assumed coverage on Essential Properties Realty Trust in a research report on Tuesday, April 23rd. They set a “buy” rating on the stock. Finally, Barclays reiterated a “hold” rating and set a $18.00 price target on shares of Essential Properties Realty Trust in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $19.22.

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

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