20,534 Shares in Essential Properties Realty Trust, Inc. $EPRT Bought by Caxton Associates LLP

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) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,534 shares of the company's stock, valued at approximately $670,000.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Essential Properties Realty Trust by 51.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 30,653 shares of the company's stock worth $994,000 after purchasing an additional 10,420 shares during the last quarter. Amalgamated Bank boosted 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 worth $1,734,000 after purchasing an additional 1,693 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 worth $4,228,000 after purchasing an additional 14,032 shares during the last quarter. Meritage Portfolio Management boosted 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 worth $7,798,000 after purchasing an additional 73,994 shares during the last quarter. Finally, Millennium Management LLC boosted 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 worth $45,502,000 after purchasing an additional 160,772 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays decreased their price target on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Mizuho decreased their price target on shares of Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating on the stock in a research note on Thursday, September 11th. UBS Group raised their price target on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Finally, Evercore ISI raised shares of Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $34.00 to $36.00 in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Essential Properties Realty Trust has a consensus rating of "Moderate Buy" and an average price target of $35.25.

Essential Properties Realty Trust Trading Down 1.3%

NYSE EPRT traded down $0.39 during mid-day trading on Tuesday, hitting $29.53. The company's stock had a trading volume of 315,377 shares, compared to its average volume of 1,658,837. Essential Properties Realty Trust, Inc. has a 52-week low of $27.44 and a 52-week high of $34.88. The stock's fifty day simple moving average is $30.70 and its two-hundred day simple moving average is $31.48. 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 firm has a market capitalization of $5.85 billion, a P/E ratio of 25.02, 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 posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 EPS 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 business had revenue of $129.11 million during the quarter, compared to analysts' expectations of $131.72 million. During the same quarter in the previous year, the business posted $0.47 EPS. The company's quarterly revenue 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. Research analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 101.69%.

Essential Properties Realty Trust Company 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.