UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Holdings in Essential Properties Realty Trust, Inc. $EPRT

Key Points

• UBS Asset Management increased its holdings in Essential Properties Realty Trust by 3.0%, acquiring an additional 33,903 shares, bringing their total to approximately 1.16 million shares valued at $38 million.
• Several institutional investors, including Vanguard Group and Invesco, have also boosted their positions in the company, showing strong interest in the stock, which is primarily owned (96.98%) by institutional investors.
• Essential Properties Realty Trust recently declared a quarterly dividend of $0.30, with a 4.0% yield, despite a payout ratio of 101.69%, indicating a strong commitment to returning value to shareholders.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,164,473 shares of the company's stock after acquiring an additional 33,903 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.59% of Essential Properties Realty Trust worth $38,008,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EPRT. Caxton Associates LLP acquired a new stake in Essential Properties Realty Trust during the 1st quarter worth $670,000. Goldman Sachs Group Inc. lifted its holdings in shares of Essential Properties Realty Trust by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company's stock valued at $45,279,000 after purchasing an additional 195,057 shares in the last quarter. Adelante Capital Management LLC lifted its holdings in shares of Essential Properties Realty Trust by 1,231.9% in the first quarter. Adelante Capital Management LLC now owns 636,179 shares of the company's stock valued at $20,765,000 after purchasing an additional 588,416 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of Essential Properties Realty Trust by 7.1% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 27,237 shares of the company's stock valued at $889,000 after acquiring an additional 1,801 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Essential Properties Realty Trust by 13.0% in the first quarter. Millennium Management LLC now owns 1,394,060 shares of the company's stock valued at $45,502,000 after acquiring an additional 160,772 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Mizuho lowered their price target on Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating on the stock in a research report on Thursday, September 11th. Stifel Nicolaus cut their target price on Essential Properties Realty Trust from $36.00 to $35.50 and set a "buy" rating for the company in a research note on Wednesday. Barclays lowered 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 report on Monday, July 21st. UBS Group increased their price target on Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a "buy" rating in a report 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 company from $34.00 to $36.00 in a research report on Monday, September 15th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.18.

Essential Properties Realty Trust Price Performance

EPRT traded down $0.10 during midday trading on Friday, hitting $30.09. 4,153,239 shares of the company traded hands, compared to its average volume of 1,514,117. Essential Properties Realty Trust, Inc. has a 52-week low of $27.44 and a 52-week high of $34.88. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 2.34 and a beta of 1.08. The business has a 50 day simple moving average of $30.60 and a two-hundred day simple moving average of $31.42. 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 (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 analysts' consensus estimates 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 in the prior year, the business earned $0.47 earnings per share. Essential Properties Realty Trust's 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. On average, equities analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

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