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 stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 35.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 802,946 shares of the company's stock after buying an additional 211,310 shares during the period. BROOKFIELD Corp ON owned approximately 0.41% of Essential Properties Realty Trust worth $26,208,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of EPRT. Invesco Ltd. raised its holdings in Essential Properties Realty Trust by 51.8% during the 1st quarter. Invesco Ltd. now owns 7,062,006 shares of the company's stock worth $230,504,000 after buying an additional 2,410,278 shares during the period. Nuveen LLC acquired a new stake in Essential Properties Realty Trust during the 1st quarter worth approximately $59,546,000. Alyeska Investment Group L.P. raised its holdings in Essential Properties Realty Trust by 66.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,959,948 shares of the company's stock worth $96,613,000 after buying an additional 1,178,238 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Essential Properties Realty Trust during the 1st quarter worth approximately $37,224,000. Finally, Vanguard Group Inc. raised its holdings in Essential Properties Realty Trust by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 27,966,449 shares of the company's stock worth $912,825,000 after buying an additional 870,486 shares during the period. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $29.95 on Friday. The company has a market capitalization of $5.93 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 2.31 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. Essential Properties Realty Trust, Inc. has a 12-month low of $27.44 and a 12-month high of $34.88. The firm's 50 day moving average is $30.78 and its 200-day moving average is $31.53.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings data 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 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 company's quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. 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 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho dropped 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 report on Thursday. UBS Group lifted 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 report on Friday, August 15th. Finally, Barclays lowered 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. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.07.

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.

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