387,308 Shares in Essential Properties Realty Trust, Inc. $EPRT Bought by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 387,308 shares of Essential Properties Realty Trust in the second quarter, worth approximately $11.6 million, while institutional investors collectively own 96.98% of the company.
• Essential Properties reported quarterly EPS of $0.34, beating estimates by $0.01, while revenue rose 18.1% year over year to $161.89 million. The company also increased its quarterly dividend to $0.32 per share, representing a 4.1% annualized yield.
• EPRT shares opened at $30.88, below the analyst consensus price target of $36.20. Analysts broadly maintain a positive view, with one Strong Buy and eleven Buy ratings, despite some recent price-target reductions.

Deutsche Bank AG acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 387,308 shares of the company's stock, valued at approximately $11,561,000. Deutsche Bank AG owned 0.18% of Essential Properties Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strs Ohio lifted its stake in Essential Properties Realty Trust by 28.0% in the 4th quarter. Strs Ohio now owns 719,600 shares of the company's stock valued at $21,343,000 after buying an additional 157,600 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Essential Properties Realty Trust by 1,930,360.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,737,308 shares of the company's stock worth $199,829,000 after buying an additional 6,736,959 shares during the last quarter. Cohen & Steers Inc. increased its stake in Essential Properties Realty Trust by 111.6% during the 4th quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company's stock worth $552,031,000 after buying an additional 9,816,042 shares in the last quarter. Legal & General Group Plc increased its stake in Essential Properties Realty Trust by 9.0% during the 4th quarter. Legal & General Group Plc now owns 1,397,170 shares of the company's stock worth $41,440,000 after buying an additional 115,768 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its holdings in shares of Essential Properties Realty Trust by 12.6% during the fourth quarter. Kennedy Capital Management LLC now owns 582,586 shares of the company's stock valued at $17,280,000 after acquiring an additional 65,141 shares during the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the business's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $32.22, for a total transaction of $708,840.00. Following the transaction, the chief operating officer owned 34,168 shares of the company's stock, valued at approximately $1,100,892.96. The trade was a 39.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Stock Down 0.9%

EPRT stock opened at $30.88 on Friday. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.49 and a beta of 0.86. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust, Inc. has a 12 month low of $28.95 and a 12 month high of $34.73. The firm has a 50-day moving average of $31.06 and a two-hundred day moving average of $31.54.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $161.89 million for the quarter, compared to analyst estimates of $156.65 million. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The business's revenue was up 18.1% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. As a group, analysts forecast that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from Essential Properties Realty Trust's previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 4.1%. Essential Properties Realty Trust's dividend payout ratio (DPR) is 99.22%.

Analyst Ratings Changes

Several research firms have recently weighed in on EPRT. Mizuho decreased their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 13th. Barclays dropped their price target on Essential Properties Realty Trust from $40.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Scotiabank raised Essential Properties Realty Trust from a "sector perform" rating to a "sector outperform" rating and reduced their price objective for the company from $34.00 to $33.00 in a research note on Thursday, June 18th. Weiss Ratings upgraded Essential Properties Realty Trust from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 17th. Finally, Wall Street Zen cut shares of Essential Properties Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $36.20.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc NYSE: EPRT is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.

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