AlphaQuest LLC Purchases 36,937 Shares of Essential Properties Realty Trust, Inc. $EPRT

Key Points

• AlphaQuest LLC significantly increased its holdings in Essential Properties Realty Trust, acquiring a total of 36,938 shares, with a reported value of $1.206 million.
• Essential Properties Realty Trust reported a quarterly revenue of $129.11 million, which was below analyst estimates, and earnings per share (EPS) of $0.46.
• The company recently announced a quarterly dividend of $0.30, maintaining a yield of 3.8%, despite a payout ratio exceeding 100%.

AlphaQuest LLC increased its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 3,693,700.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,938 shares of the company's stock after buying an additional 36,937 shares during the quarter. AlphaQuest LLC's holdings in Essential Properties Realty Trust were worth $1,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EPRT. Franchise Capital Ltd purchased a new stake in Essential Properties Realty Trust in the 1st quarter worth about $42,000. Quarry LP raised its stake in shares of Essential Properties Realty Trust by 439.4% during the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after purchasing an additional 1,182 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Essential Properties Realty Trust during the 1st quarter worth about $80,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Essential Properties Realty Trust during the 1st quarter valued at about $92,000. Finally, GF Fund Management CO. LTD. acquired a new position in shares of Essential Properties Realty Trust during the 4th quarter valued at about $100,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock traded up $0.14 during midday trading on Friday, hitting $31.23. 273,076 shares of the company were exchanged, compared to its average volume of 1,660,714. The company has a debt-to-equity ratio of 0.60, a current ratio of 5.67 and a quick ratio of 5.67. The firm has a market cap of $6.19 billion, a P/E ratio of 26.46, a PEG ratio of 2.43 and a beta of 1.07. Essential Properties Realty Trust, Inc. has a 52 week low of $27.44 and a 52 week high of $34.88. The firm has a 50 day simple moving average of $31.10 and a 200-day simple moving average of $31.60.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.The company had revenue of $129.11 million for the quarter, compared to the consensus estimate of $131.72 million. During the same quarter last year, the business earned $0.47 EPS. Essential Properties Realty Trust's quarterly revenue was up 25.4% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. Research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total value of $435,961.92. Following the completion of the transaction, the vice president owned 76,590 shares in the company, valued at approximately $2,524,406.40. The trade was a 14.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EPRT. Scotiabank increased their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Truist Financial increased their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a report on Monday, May 5th. UBS Group increased their price objective on Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Barclays lowered their price objective on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.34.

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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.