Fortis Capital Advisors LLC Takes Position in Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Fortis Capital Advisors LLC has acquired a new position in Essential Properties Realty Trust, buying 17,986 shares worth approximately $587,000.
• Multiple institutional investors have recently increased their stakes in Essential Properties Realty Trust, highlighting strong interest in the company, which is owned 96.98% by these investors.
• Essential Properties Realty Trust announced a quarterly $0.30 dividend to be paid on October 14th, representing an annual yield of 4.0%, even as the company reported a slight earnings miss for the last quarter.

Fortis Capital Advisors LLC purchased a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,986 shares of the company's stock, valued at approximately $587,000.

Several other institutional investors and hedge funds have also modified their holdings of EPRT. Intech Investment Management LLC raised its holdings in Essential Properties Realty Trust by 10.8% in the 1st quarter. Intech Investment Management LLC now owns 76,959 shares of the company's stock valued at $2,512,000 after buying an additional 7,513 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Essential Properties Realty Trust during the 1st quarter worth $2,350,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Essential Properties Realty Trust by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,164,473 shares of the company's stock worth $38,008,000 after purchasing an additional 33,903 shares during the period. Caxton Associates LLP bought a new stake in Essential Properties Realty Trust in the 1st quarter valued at about $670,000. Finally, Goldman Sachs Group Inc. raised its stake in Essential Properties Realty Trust by 16.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company's stock valued at $45,279,000 after acquiring an additional 195,057 shares during the period. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Stock Performance

EPRT stock traded down $0.46 during trading on Tuesday, hitting $29.47. The company had a trading volume of 447,792 shares, compared to its average volume of 1,660,111. The firm has a market cap of $5.84 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a 1-year low of $27.44 and a 1-year high of $34.88. The firm has a 50-day moving average price of $30.70 and a 200-day moving average price of $31.48. 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 (NYSE:EPRT - Get Free Report) last released its 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 business had revenue of $129.11 million for the quarter, compared to analyst estimates of $131.72 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.The business's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. On average, analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The business 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 4.1%. The ex-dividend date is Tuesday, September 30th. Essential Properties Realty Trust's dividend payout ratio is currently 101.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group upped their price target on 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. Evercore ISI raised Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $34.00 to $36.00 in a research note on Monday. Mizuho lowered their price objective on Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating for the company in a research report on Thursday, September 11th. Finally, Barclays decreased their price objective on 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. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.25.

Essential Properties Realty Trust 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.