Aptus Capital Advisors LLC Grows Position in Essential Properties Realty Trust, Inc. $EPRT

Key Points

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Aptus Capital Advisors LLC grew its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 12.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 262,964 shares of the company's stock after purchasing an additional 29,641 shares during the period. Aptus Capital Advisors LLC owned approximately 0.13% of Essential Properties Realty Trust worth $8,583,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. KBC Group NV grew its holdings in Essential Properties Realty Trust by 4.3% during the first quarter. KBC Group NV now owns 8,085 shares of the company's stock worth $264,000 after acquiring an additional 335 shares during the period. PNC Financial Services Group Inc. grew its holdings in Essential Properties Realty Trust by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,778 shares of the company's stock worth $352,000 after acquiring an additional 419 shares during the period. Cresset Asset Management LLC grew its holdings in Essential Properties Realty Trust by 4.2% during the first quarter. Cresset Asset Management LLC now owns 10,609 shares of the company's stock worth $349,000 after acquiring an additional 426 shares during the period. Xponance Inc. grew its holdings in Essential Properties Realty Trust by 4.8% during the first quarter. Xponance Inc. now owns 14,026 shares of the company's stock worth $458,000 after acquiring an additional 646 shares during the period. Finally, Mutual of America Capital Management LLC grew its holdings in Essential Properties Realty Trust by 2.9% during the first quarter. Mutual of America Capital Management LLC now owns 27,331 shares of the company's stock worth $892,000 after acquiring an additional 772 shares during the period. Institutional investors and hedge funds own 96.98% of the company's stock.

Insider Activity

In related news, VP A Joseph Peil sold 13,227 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total transaction of $435,961.92. Following the transaction, the vice president directly owned 76,590 shares in the company, valued at approximately $2,524,406.40. This represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EPRT has been the topic of a number of recent analyst reports. Barclays dropped their price objective on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Scotiabank upped their target price 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. UBS Group upped their target price 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. Finally, Truist Financial upped their target price 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. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.34.

Essential Properties Realty Trust Price Performance

Shares of NYSE:EPRT traded up $0.1760 on Friday, hitting $31.2960. The company had a trading volume of 1,370,851 shares, compared to its average volume of 1,473,615. The company has a current ratio of 5.67, a quick 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. The business has a 50 day moving average of $31.20 and a 200 day moving average of $31.61. The company has a market cap of $6.20 billion, a PE ratio of 26.52, a PEG ratio of 2.41 and a beta of 1.07.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $131.72 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The firm'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. As a group, equities analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were given a $0.30 dividend. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.30. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, June 30th. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 101.69%.

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.