Essential Properties Realty Trust, Inc. $EPRT Shares Bought by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its stake in Essential Properties Realty Trust by 28.8%, owning 1,245,404 shares valued at approximately $40.65 million.
• Analyst ratings for the stock show a consensus of "Moderate Buy" with an average price target of $35.07, while UBS Group recently raised their target price to $38.00.
• The company declared a quarterly dividend of $0.30 per share, with an annualized yield of 4.0%, and a current payout ratio of 101.69%.

Alliancebernstein L.P. increased its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 28.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,245,404 shares of the company's stock after acquiring an additional 278,316 shares during the quarter. Alliancebernstein L.P. owned approximately 0.63% of Essential Properties Realty Trust worth $40,650,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EPRT. Franchise Capital Ltd purchased a new stake in shares of Essential Properties Realty Trust during the first quarter valued at about $42,000. Headlands Technologies LLC purchased a new stake in shares of Essential Properties Realty Trust during the first quarter valued at about $80,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Essential Properties Realty Trust during the first quarter valued at about $92,000. GF Fund Management CO. LTD. purchased a new stake in shares of Essential Properties Realty Trust during the fourth quarter valued at about $100,000. Finally, Morse Asset Management Inc lifted its position in shares of Essential Properties Realty Trust by 44.6% during the fourth quarter. Morse Asset Management Inc now owns 3,325 shares of the company's stock valued at $104,000 after buying an additional 1,025 shares during the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Down 0.4%

Shares of EPRT traded down $0.13 during mid-day trading on Friday, hitting $29.85. 1,224,951 shares of the company traded hands, compared to its average volume of 1,344,202. Essential Properties Realty Trust, Inc. has a 1-year low of $27.44 and a 1-year high of $34.88. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60. The company has a market capitalization 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. The business has a 50 day moving average of $30.73 and a 200 day moving average of $31.51.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly earnings data 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). Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. The company had revenue of $129.11 million for the quarter, compared to analyst estimates of $131.72 million. During the same quarter last year, the company earned $0.47 EPS. The business's revenue was up 25.4% compared to the same quarter last year. 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 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

EPRT has been the subject of several analyst reports. UBS Group increased 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. Barclays decreased their price target 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. Finally, Mizuho decreased their price target on shares of Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating for the company in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.07.

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.