EntryPoint Capital LLC Makes New Investment in Essential Properties Realty Trust, Inc. $EPRT

Key Points

• EntryPoint Capital LLC has acquired 13,700 shares of Essential Properties Realty Trust, Inc. for approximately $447,000 in the first quarter, indicating strong investor interest.
• Essential Properties Realty Trust has recently declared a $0.30 quarterly dividend, marking a boost in its dividend yield to 3.9% and maintaining a high dividend payout ratio of 101.69%.
• The stock currently holds a market cap of $6.16 billion with analysts projecting an EPS of 1.83 for the current year, reflecting significant growth potential amid recent performances.

EntryPoint Capital LLC purchased a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,700 shares of the company's stock, valued at approximately $447,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPRT. Invesco Ltd. lifted its position 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 acquiring 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 about $59,546,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Essential Properties Realty Trust during the 1st quarter worth about $37,224,000. Balyasny Asset Management L.P. acquired a new stake in Essential Properties Realty Trust during the 4th quarter worth about $35,085,000. Finally, Vanguard Group Inc. lifted its position 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 acquiring 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 EPRT stock opened at $31.0850 on Thursday. The stock has a market cap of $6.16 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The business has a 50-day simple moving average of $31.25 and a 200-day simple moving average of $31.62. 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 52-week low of $27.44 and a 52-week 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 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 prior year, the firm earned $0.47 EPS. Essential Properties Realty Trust's revenue for the quarter 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. On average, equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

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

Insider Buying and Selling at Essential Properties Realty Trust

In related news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total value of $435,961.92. Following the completion of the transaction, the vice president owned 76,590 shares in the company, valued at $2,524,406.40. The trade was a 14.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on EPRT. Barclays lowered their price target on 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 price objective on Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a "buy" rating in a report on Friday, August 15th. Truist Financial boosted their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Scotiabank boosted their price objective on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.34.

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.

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