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

Other institutional investors have also recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of Essential Properties Realty Trust during the first quarter worth about $1,071,000. Belpointe Asset Management LLC bought a new stake in Essential Properties Realty Trust in the first quarter valued at approximately $587,000. Fortis Capital Advisors LLC bought a new stake in Essential Properties Realty Trust in the first quarter valued at approximately $587,000. Intech Investment Management LLC boosted its holdings in shares of Essential Properties Realty Trust by 10.8% during the 1st quarter. Intech Investment Management LLC now owns 76,959 shares of the company's stock worth $2,512,000 after buying an additional 7,513 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Essential Properties Realty Trust during the 1st quarter worth approximately $2,350,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EPRT. Barclays cut their price target on 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. Mizuho cut their target price on 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. Evercore ISI upgraded Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $34.00 to $36.00 in a report on Monday. Finally, UBS Group increased their target price 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. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $35.25.

Essential Properties Realty Trust Price Performance

Shares of EPRT traded down $0.53 during trading hours on Tuesday, reaching $29.39. 1,932,810 shares of the company's stock traded hands, compared to its average volume of 1,668,709. The stock has a market cap of $5.82 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.60. The firm's 50 day simple moving average is $30.70 and its 200-day simple moving average is $31.48. Essential Properties Realty Trust, Inc. has a 12 month low of $27.44 and a 12 month high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The business had revenue of $129.11 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. Equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS 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. Shareholders of record on Tuesday, September 30th will be given a $0.30 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. Essential Properties Realty Trust's dividend payout ratio is presently 101.69%.

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.