Essential Properties Realty Trust, Inc. $EPRT Position Boosted by Amundi

Amundi lifted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 133.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 756,759 shares of the company's stock after buying an additional 432,963 shares during the quarter. Amundi owned approximately 0.38% of Essential Properties Realty Trust worth $24,073,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EPRT. BNP Paribas Financial Markets lifted its position in shares of Essential Properties Realty Trust by 84.0% in the 4th quarter. BNP Paribas Financial Markets now owns 73,639 shares of the company's stock worth $2,303,000 after buying an additional 33,624 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Essential Properties Realty Trust by 163.3% in the 4th quarter. Bank of America Corp DE now owns 963,055 shares of the company's stock worth $30,124,000 after acquiring an additional 597,293 shares during the period. Cresset Asset Management LLC increased its holdings in shares of Essential Properties Realty Trust by 46.5% in the 4th quarter. Cresset Asset Management LLC now owns 10,183 shares of the company's stock worth $321,000 after acquiring an additional 3,234 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Essential Properties Realty Trust in the 4th quarter worth about $203,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Essential Properties Realty Trust by 943.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 94,506 shares of the company's stock worth $2,956,000 after acquiring an additional 85,449 shares during the period. 96.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EPRT has been the topic of a number of analyst reports. UBS Group increased their price objective on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Barclays dropped their price objective on shares of 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. Finally, Mizuho dropped their price objective on shares of Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday. Eight research 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 currently has a consensus rating of "Moderate Buy" and an average target price of $35.07.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock traded down $0.13 during trading hours on Friday, hitting $29.85. 1,224,951 shares of the company traded hands, compared to its average volume of 1,344,202. The firm has a market cap of $5.91 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60. The firm's 50-day simple moving average is $30.73 and its two-hundred day simple moving average is $31.51. Essential Properties Realty Trust, Inc. has a 1-year low of $27.44 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released 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). The company had revenue of $129.11 million for 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 firm's quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. As a group, analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.20 annualized dividend and a yield of 4.0%. Essential Properties Realty Trust's dividend payout ratio (DPR) is presently 101.69%.

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.