17,986 Shares in Essential Properties Realty Trust, Inc. $EPRT Purchased by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC has acquired 17,986 shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT), valued at approximately $587,000, marking a significant new position for the firm.
• Essential Properties Realty Trust recently announced a $0.30 quarterly dividend, yielding 4.0% annually, with a payout ratio of 101.69%.
• Analysts have mixed forecasts for EPRT, with target prices ranging from $32.00 to $38.00, and a current average rating of "Moderate Buy".

Belpointe Asset Management LLC bought a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,986 shares of the company's stock, valued at approximately $587,000.

Several other institutional investors have also recently made changes to their positions in EPRT. BNP Paribas Financial Markets raised its holdings 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 acquiring an additional 33,624 shares during the last quarter. Bank of America Corp DE grew its position in 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 purchasing an additional 597,293 shares in the last quarter. Cresset Asset Management LLC grew its position in 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 purchasing an additional 3,234 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Essential Properties Realty Trust by 943.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 94,506 shares of the company's stock valued at $2,956,000 after acquiring an additional 85,449 shares during the period. Finally, Ethic Inc. bought a new position in shares of Essential Properties Realty Trust during the 4th quarter valued at approximately $227,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Essential Properties Realty Trust Stock Up 1.0%

Essential Properties Realty Trust stock traded up $0.30 during trading hours on Thursday, hitting $30.22. The stock had a trading volume of 2,174,459 shares, compared to its average volume of 1,444,968. 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 stock's 50-day moving average price is $30.63 and its 200-day moving average price is $31.44. Essential Properties Realty Trust, Inc. has a 12-month low of $27.44 and a 12-month high of $34.88. The stock has a market capitalization of $5.99 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08.

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

Essential Properties Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.30 per share. The ex-dividend date 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 101.69%.

Wall Street Analyst Weigh In

Several research analysts recently commented on EPRT shares. Barclays cut their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Stifel Nicolaus lowered their price objective on shares of Essential Properties Realty Trust from $36.00 to $35.50 and set a "buy" rating on the stock in a research report on Wednesday. UBS Group raised their price objective on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Evercore ISI upgraded shares of Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $34.00 to $36.00 in a research report on Monday. Finally, Mizuho decreased their target price on shares of Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating on the stock in a research report on Thursday, September 11th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.18.

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.