BROOKFIELD Corp ON Has $26.21 Million Stock Position in Essential Properties Realty Trust, Inc. $EPRT

Key Points

• BROOKFIELD Corp ON increased its stake in Essential Properties Realty Trust by 35.7% during the 1st quarter, owning approximately $26.21 million worth of shares as of its latest SEC filing.
• Essential Properties Realty Trust announced a $0.30 dividend to be paid on October 14th, representing a 4.0% dividend yield, although its payout ratio is currently at 101.69%.
• After its latest earnings report, Essential Properties Realty Trust's stock has been rated as "Moderate Buy" with an average price target of $35.07 set by analysts.

BROOKFIELD Corp ON boosted its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 35.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 802,946 shares of the company's stock after purchasing an additional 211,310 shares during the quarter. BROOKFIELD Corp ON owned about 0.41% of Essential Properties Realty Trust worth $26,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Franchise Capital Ltd acquired a new position in Essential Properties Realty Trust in the 1st quarter valued at about $42,000. Headlands Technologies LLC purchased a new stake in Essential Properties Realty Trust in the 1st quarter valued at about $80,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Essential Properties Realty Trust in the 1st quarter valued at about $92,000. GF Fund Management CO. LTD. purchased a new stake in Essential Properties Realty Trust in the 4th quarter valued at about $100,000. Finally, Archer Investment Corp purchased a new stake in Essential Properties Realty Trust in the 1st quarter valued at about $119,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on EPRT shares. Stifel Nicolaus lowered their price target on Essential Properties Realty Trust from $36.00 to $35.50 and set a "buy" rating for the company in a report on Wednesday. Mizuho decreased their target price on Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday, September 11th. Barclays decreased their price target on 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. Evercore ISI upgraded Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $34.00 to $36.00 in a report on Monday. Finally, UBS Group upped 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. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.18.

Essential Properties Realty Trust Price Performance

Shares of NYSE:EPRT traded up $0.42 during trading on Wednesday, reaching $29.83. The company had a trading volume of 467,949 shares, compared to its average volume of 1,661,559. The firm's fifty day moving average is $30.67 and its 200 day moving average is $31.47. The firm has a market capitalization of $5.91 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $34.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.67 and a current ratio of 5.67.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its earnings results 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 firm had revenue of $129.11 million for the quarter, compared to the consensus estimate of $131.72 million. During the same period in the prior year, the business earned $0.47 EPS. 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, equities analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors 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 currently 101.69%.

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.