Belpointe Asset Management LLC Invests $587,000 in Essential Properties Realty Trust, Inc. $EPRT

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in Essential Properties Realty Trust by 51.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 30,653 shares of the company's stock worth $994,000 after buying an additional 10,420 shares in the last quarter. Amalgamated Bank grew its stake in shares of Essential Properties Realty Trust by 3.3% during the 1st quarter. Amalgamated Bank now owns 53,128 shares of the company's stock valued at $1,734,000 after purchasing an additional 1,693 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Essential Properties Realty Trust by 12.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 129,532 shares of the company's stock valued at $4,228,000 after acquiring an additional 14,032 shares during the period. Meritage Portfolio Management grew its stake in shares of Essential Properties Realty Trust by 44.9% during the 1st quarter. Meritage Portfolio Management now owns 238,909 shares of the company's stock valued at $7,798,000 after acquiring an additional 73,994 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Essential Properties Realty Trust by 13.0% during the 1st quarter. Millennium Management LLC now owns 1,394,060 shares of the company's stock valued at $45,502,000 after acquiring an additional 160,772 shares during the period. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Stock Down 1.8%

Shares of NYSE EPRT traded down $0.53 during mid-day trading on Tuesday, reaching $29.39. 1,932,810 shares of the company were exchanged, compared to its average volume of 1,668,709. The firm has a 50-day moving average of $30.70 and a 200 day moving average of $31.48. 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 1 year low of $27.44 and a 1 year high of $34.88. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 2.32 and a beta of 1.08.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $129.11 million during the quarter, compared to analysts' expectations of $131.72 million. During the same quarter last year, the business posted $0.47 earnings per share. The company'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. On average, research analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. Essential Properties Realty Trust's dividend payout ratio (DPR) is 101.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group boosted their price target on Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Mizuho cut their target price on 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. Evercore ISI raised Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $34.00 to $36.00 in a research report on Monday. Finally, Barclays cut their price objective on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $35.25.

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.