Lifestyle Asset Management Inc. Invests $274,000 in Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Lifestyle Asset Management Inc. has acquired a new stake in Essential Properties Realty Trust, impacting their portfolio with an investment of approximately $274,000 for 8,580 shares.
• Institutional investors hold a significant majority of the company's shares, with 96.98% ownership, indicating strong interest in Essential Properties Realty Trust.
• The company recently announced a quarterly dividend of $0.30 per share, providing an annualized dividend yield of 4.0% despite a payout ratio exceeding 100%.

Lifestyle Asset Management Inc. acquired a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,580 shares of the company's stock, valued at approximately $274,000.

Other hedge funds have also recently modified their holdings of the company. Franchise Capital Ltd acquired a new position in shares of Essential Properties Realty Trust in the first quarter valued at approximately $42,000. Headlands Technologies LLC acquired a new position in shares of Essential Properties Realty Trust during the 1st quarter worth $80,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Essential Properties Realty Trust during the first quarter worth about $92,000. GF Fund Management CO. LTD. acquired a new position in Essential Properties Realty Trust in the 4th quarter valued at about $100,000. Finally, Archer Investment Corp purchased a new stake in Essential Properties Realty Trust in the 1st quarter valued at about $119,000. Hedge funds and other institutional investors own 96.98% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EPRT. UBS Group lifted their target price on Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Barclays decreased their price target on shares of 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. Stifel Nicolaus lowered their target price 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 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 research note on Monday, September 15th. Finally, Mizuho cut 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 research report on Thursday, September 11th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $35.18.

Essential Properties Realty Trust Price Performance

EPRT traded down $0.10 during trading on Friday, hitting $30.09. The company's stock had a trading volume of 4,153,239 shares, compared to its average volume of 1,514,117. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $34.88. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 2.34 and a beta of 1.08. The business's fifty day simple moving average is $30.60 and its 200 day simple moving average is $31.42. The company has a current ratio of 5.67, a quick 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 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 for the quarter, compared to analyst estimates of $131.72 million. During the same quarter last year, the company earned $0.47 earnings per share. Essential Properties Realty Trust's quarterly revenue was up 25.4% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. On average, equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed 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 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Essential Properties Realty Trust's payout ratio is currently 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.