Essential Properties Realty Trust, Inc. $EPRT Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its holdings in Essential Properties Realty Trust by 15.9%, selling 34,641 shares and now owning 183,334 shares valued at approximately $5.98 million.
• The company recently increased its quarterly dividend to $0.30 per share, indicating a positive change despite having a dividend payout ratio of 101.69%.
• Essential Properties Realty Trust's stock opened at $31.17, showing a 0.5% decrease, and it has a 1-year trading range with a low of $27.44 and high of $34.88.

Hsbc Holdings PLC cut its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 15.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,334 shares of the company's stock after selling 34,641 shares during the quarter. Hsbc Holdings PLC owned about 0.09% of Essential Properties Realty Trust worth $5,979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of EPRT. Quantbot Technologies LP lifted its position in Essential Properties Realty Trust by 139.4% during the 1st quarter. Quantbot Technologies LP now owns 229,796 shares of the company's stock worth $7,501,000 after acquiring an additional 133,825 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Essential Properties Realty Trust by 0.6% during the first quarter. Wellington Management Group LLP now owns 8,511,088 shares of the company's stock valued at $277,802,000 after purchasing an additional 48,904 shares during the period. Aptus Capital Advisors LLC lifted its position in shares of Essential Properties Realty Trust by 12.7% during the first quarter. Aptus Capital Advisors LLC now owns 262,964 shares of the company's stock worth $8,583,000 after purchasing an additional 29,641 shares in the last quarter. Algert Global LLC purchased a new position in shares of Essential Properties Realty Trust in the first quarter valued at $3,481,000. Finally, Cresset Asset Management LLC grew its holdings in Essential Properties Realty Trust by 4.2% during the 1st quarter. Cresset Asset Management LLC now owns 10,609 shares of the company's stock valued at $349,000 after purchasing an additional 426 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EPRT shares. Truist Financial upped their price objective on shares of 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. Scotiabank increased their price target 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 lifted their price objective 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, Barclays reduced their target price on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.34.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock traded up $0.22 during trading hours on Friday, reaching $31.31. The company's stock had a trading volume of 1,012,856 shares, compared to its average volume of 1,273,791. Essential Properties Realty Trust, Inc. has a one year low of $27.44 and a one year high of $34.88. The company's 50 day simple moving average is $31.08 and its 200 day simple moving average is $31.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.67 and a current ratio of 5.67. The stock has a market cap of $6.20 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 2.43 and a beta of 1.08.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its 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). The company had revenue of $129.11 million during the quarter, compared to analyst estimates of $131.72 million. Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. The business's revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. As a group, analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Insider Activity

In other news, VP A Joseph Peil sold 13,227 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total transaction of $435,961.92. Following the completion of the transaction, the vice president 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.81% of the company's stock.

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.