Citigroup Inc. Has $10.17 Million Stock Position in Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Citigroup Inc. increased its stake in Essential Properties Realty Trust by 15.7%, owning a total of 311,415 shares valued at approximately $10.2 million following an acquisition of 42,199 additional shares.
• Essential Properties Realty Trust recently declared a quarterly dividend of $0.30 per share, maintaining its yield at 3.9%, despite a dividend payout ratio of 101.69%.
• Equities analysts have raised price targets for the stock, with UBS Group setting a price target at $38.00 and a consensus average target price of $35.06, indicating a generally positive outlook for the company.

Citigroup Inc. boosted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 15.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 311,415 shares of the company's stock after purchasing an additional 42,199 shares during the quarter. Citigroup Inc. owned 0.16% of Essential Properties Realty Trust worth $10,165,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake 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 worth $912,825,000 after purchasing an additional 870,486 shares in the last quarter. Principal Financial Group Inc. raised its stake in Essential Properties Realty Trust by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,035,196 shares of the company's stock worth $99,069,000 after purchasing an additional 86,244 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Essential Properties Realty Trust by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,017,486 shares of the company's stock worth $98,491,000 after purchasing an additional 144,531 shares in the last quarter. Northern Trust Corp raised its stake in Essential Properties Realty Trust by 19.8% in the 4th quarter. Northern Trust Corp now owns 2,526,025 shares of the company's stock worth $79,014,000 after purchasing an additional 417,443 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Essential Properties Realty Trust by 2.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,423,990 shares of the company's stock worth $46,479,000 after purchasing an additional 36,692 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock traded up $0.0250 during midday trading on Thursday, hitting $31.1050. 791,371 shares of the company traded hands, compared to its average volume of 1,538,966. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.41 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.67 and a current ratio of 5.67. The firm's fifty day moving average price is $31.22 and its 200-day moving average price is $31.61. Essential Properties Realty Trust, Inc. has a 12 month low of $27.44 and a 12 month high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $129.11 million for 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%. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. As a group, sell-side analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were issued a dividend of $0.30 per share. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. Essential Properties Realty Trust's payout ratio is presently 101.69%.

Insider Activity

In related news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total transaction of $435,961.92. Following the sale, the vice president directly owned 76,590 shares of the company's stock, valued at approximately $2,524,406.40. The trade was a 14.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on EPRT shares. Truist Financial boosted their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Barclays dropped their target price on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. UBS Group boosted their target price 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. Finally, Scotiabank boosted their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.34.

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.