Fox Run Management L.L.C. Makes New $314,000 Investment in Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Fox Run Management L.L.C. acquired a new stake of 9,609 shares in Essential Properties Realty Trust, Inc. (EPRT), valued at approximately $314,000.
• Multiple institutional investors, including Allspring Global Investments and Mitsubishi UFJ Asset Management, significantly increased their stakes in the company during the first quarter.
• Essential Properties Realty Trust recently announced a quarterly dividend of $0.30, with a yield of 3.9%, representing an increase from its previous dividend payment.

Fox Run Management L.L.C. purchased a new stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,609 shares of the company's stock, valued at approximately $314,000.

A number of other large investors have also made changes to their positions in EPRT. Franchise Capital Ltd bought a new stake in shares of Essential Properties Realty Trust during the 1st quarter valued at about $42,000. Quarry LP grew its stake in shares of Essential Properties Realty Trust by 439.4% during the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock valued at $45,000 after purchasing an additional 1,182 shares during the period. Headlands Technologies LLC bought a new stake in shares of Essential Properties Realty Trust during the 1st quarter valued at about $80,000. GF Fund Management CO. LTD. bought a new stake in shares of Essential Properties Realty Trust during the 4th quarter valued at about $100,000. Finally, Morse Asset Management Inc grew its stake in shares of Essential Properties Realty Trust by 44.6% during the 4th quarter. Morse Asset Management Inc now owns 3,325 shares of the company's stock valued at $104,000 after purchasing an additional 1,025 shares during the period. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock traded up $0.1760 during trading hours on Friday, reaching $31.2960. 1,370,851 shares of the company traded hands, compared to its average volume of 1,473,615. Essential Properties Realty Trust, Inc. has a 12-month low of $27.44 and a 12-month high of $34.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 5.67 and a quick ratio of 5.67. The company has a market cap of $6.20 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.43 and a beta of 1.07. The firm has a 50-day moving average price of $31.20 and a 200 day moving average price of $31.61.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.The business had revenue of $129.11 million during the quarter, compared to analysts' expectations of $131.72 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The firm'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. As a group, sell-side analysts predict 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 company also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, June 30th. This is a positive change from Essential Properties Realty Trust's previous quarterly dividend of $0.30. Essential Properties Realty Trust's dividend payout ratio is presently 101.69%.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total value of $435,961.92. Following the sale, the vice president owned 76,590 shares of the company's stock, valued at $2,524,406.40. The trade was a 14.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Scotiabank boosted their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. UBS Group lifted their price objective 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. Barclays lowered their price objective on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Finally, Truist Financial lifted their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.34.

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.