AlphaQuest LLC Increases Stock Holdings in 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 holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 3,693,700.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. KBC Group NV grew its stake in Essential Properties Realty Trust by 4.3% during the 1st quarter. KBC Group NV now owns 8,085 shares of the company's stock worth $264,000 after buying an additional 335 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Essential Properties Realty Trust by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,778 shares of the company's stock worth $352,000 after buying an additional 419 shares during the last quarter. Cresset Asset Management LLC grew its stake in Essential Properties Realty Trust by 4.2% during the 1st quarter. Cresset Asset Management LLC now owns 10,609 shares of the company's stock worth $349,000 after buying an additional 426 shares during the last quarter. Xponance Inc. grew its stake in Essential Properties Realty Trust by 4.8% during the 1st quarter. Xponance Inc. now owns 14,026 shares of the company's stock worth $458,000 after buying an additional 646 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Essential Properties Realty Trust by 2.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 27,331 shares of the company's stock worth $892,000 after buying an additional 772 shares during the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EPRT has been the topic of several research analyst reports. Truist Financial boosted their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Barclays dropped their price target on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Scotiabank boosted their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Finally, UBS Group boosted their price target on Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Essential Properties Realty Trust currently has an average rating of "Moderate Buy" and an average price target of $35.34.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock opened at $31.2960 on Friday. The stock has a market cap of $6.20 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.43 and a beta of 1.07. The business has a 50-day simple moving average of $31.20 and a 200-day simple moving average of $31.61. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60. Essential Properties Realty Trust, Inc. has a 52-week low of $27.44 and a 52-week high of $34.88.

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

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a $0.30 dividend. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. Essential Properties Realty Trust's payout ratio is presently 101.69%.

Insider Activity

In other news, VP A Joseph Peil sold 13,227 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $2,524,406.40. The trade was a 14.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.77% of the stock is currently owned by company insiders.

About Essential Properties Realty Trust

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.

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