Caxton Associates LLP Purchases Shares of 20,534 Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Caxton Associates LLP has acquired a new position in Essential Properties Realty Trust, purchasing 20,534 shares valued at approximately $670,000.
• Essential Properties Realty Trust recently reported a quarterly earnings per share of $0.46, missing analysts' expectations by $0.01, with revenue rising 25.4% year-over-year.
• Following recent changes, UBS Group raised the price target for the stock from $36.00 to $38.00, maintaining a "buy" rating for Essential Properties Realty Trust.

Caxton Associates LLP acquired a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 20,534 shares of the company's stock, valued at approximately $670,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its holdings in shares of Essential Properties Realty Trust by 51.8% during the first quarter. Invesco Ltd. now owns 7,062,006 shares of the company's stock worth $230,504,000 after purchasing an additional 2,410,278 shares during the last quarter. Nuveen LLC acquired a new position in Essential Properties Realty Trust in the first quarter valued at approximately $59,546,000. Alyeska Investment Group L.P. grew its holdings in Essential Properties Realty Trust by 66.1% in the first quarter. Alyeska Investment Group L.P. now owns 2,959,948 shares of the company's stock worth $96,613,000 after purchasing an additional 1,178,238 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Essential Properties Realty Trust during the 1st quarter worth approximately $37,224,000. Finally, Vanguard Group Inc. grew its position in Essential Properties Realty Trust by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 27,966,449 shares of the company's stock valued at $912,825,000 after purchasing an additional 870,486 shares during the period. Institutional investors and hedge funds own 96.98% of the company's stock.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock traded down $0.13 during trading hours on Friday, reaching $29.85. The company had a trading volume of 1,224,951 shares, compared to its average volume of 1,344,202. The firm has a market cap of $5.91 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a one year low of $27.44 and a one year high of $34.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 5.67 and a quick ratio of 5.67. The business has a fifty day simple moving average of $30.73 and a 200 day simple moving average of $31.52.

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 analysts' consensus estimates of $0.47 by ($0.01). The firm had revenue of $129.11 million during the quarter, compared to the consensus estimate of $131.72 million. Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. Essential Properties Realty Trust's revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. On average, 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 announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.30 dividend. 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 payout ratio is 101.69%.

Analyst Ratings Changes

EPRT has been the subject of several recent research reports. 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. Mizuho reduced their target price on shares of Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, UBS Group raised their price target 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. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.