Invst LLC Buys Shares of 23,335 Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Invst LLC purchased 23,335 shares of Essential Properties Realty Trust, valued at approximately $762,000, marking their first investment in the company.
• The stock has an average rating of "Moderate Buy", with eight analysts giving it a Buy rating and an average target price of $35.07.
• Essential Properties Realty Trust declared a quarterly dividend of $0.30, with a payout ratio of 101.69%, reflecting a 4.0% annual yield.

Invst LLC acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,335 shares of the company's stock, valued at approximately $762,000.

Several other institutional investors also recently modified their holdings of the company. KBC Group NV increased its stake in shares of Essential Properties Realty Trust by 4.3% during the 1st quarter. KBC Group NV now owns 8,085 shares of the company's stock worth $264,000 after purchasing an additional 335 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Essential Properties Realty Trust by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,778 shares of the company's stock valued at $352,000 after buying an additional 419 shares during the last quarter. Cresset Asset Management LLC raised its holdings in Essential Properties Realty Trust by 4.2% in the 1st quarter. Cresset Asset Management LLC now owns 10,609 shares of the company's stock valued at $349,000 after acquiring an additional 426 shares during the period. Xponance Inc. raised its holdings in Essential Properties Realty Trust by 4.8% in the 1st quarter. Xponance Inc. now owns 14,026 shares of the company's stock valued at $458,000 after acquiring an additional 646 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in Essential Properties Realty Trust by 2.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 27,331 shares of the company's stock valued at $892,000 after acquiring an additional 772 shares during the period. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on EPRT shares. Mizuho lowered their price target on shares of Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday, September 11th. Stifel Nicolaus lowered their price target on shares of Essential Properties Realty Trust from $36.00 to $35.50 and set a "buy" rating on the stock in a report on Wednesday. Evercore ISI raised shares of Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and increased their price target for the company from $34.00 to $36.00 in a report on Monday. UBS Group increased their price target on shares of 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, Barclays lowered their price target on shares of 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. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.18.

Essential Properties Realty Trust Stock Up 1.0%

NYSE:EPRT traded up $0.30 during mid-day trading on Thursday, hitting $30.22. 551,743 shares of the company's stock were exchanged, compared to its average volume of 1,664,974. Essential Properties Realty Trust, Inc. has a one year low of $27.44 and a one year 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 business has a fifty day moving average price of $30.64 and a 200 day moving average price of $31.46. The company has a market cap of $5.99 billion, a PE ratio of 25.60, a P/E/G ratio of 2.28 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $129.11 million during the quarter, compared to the consensus estimate of $131.72 million. During the same quarter in the prior year, the company posted $0.47 EPS. The company's quarterly 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. Equities analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Essential Properties Realty Trust's dividend 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.