Mutual of America Capital Management LLC Increases Holdings in Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Mutual of America Capital Management LLC increased its holdings in Essential Properties Realty Trust by 344.5% during the second quarter, owning a total of 121,476 shares valued at approximately $3.88 million.
• Essential Properties Realty Trust reported $0.48 EPS for the quarter, meeting analyst estimates, and experienced a 23.7% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.30, resulting in an annualized dividend yield of 3.8% and a payout ratio of 101.69%.

Mutual of America Capital Management LLC lifted its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 344.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,476 shares of the company's stock after purchasing an additional 94,145 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Essential Properties Realty Trust worth $3,876,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EPRT. TD Private Client Wealth LLC purchased a new stake in shares of Essential Properties Realty Trust in the second quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new stake in shares of Essential Properties Realty Trust in the first quarter valued at approximately $80,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Essential Properties Realty Trust during the first quarter worth $92,000. Archer Investment Corp purchased a new stake in Essential Properties Realty Trust during the first quarter worth $119,000. Finally, GAMMA Investing LLC lifted its holdings in Essential Properties Realty Trust by 21.5% during the second quarter. GAMMA Investing LLC now owns 5,003 shares of the company's stock worth $160,000 after buying an additional 885 shares during the period. Hedge funds and other institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Stock Performance

Shares of EPRT opened at $31.80 on Friday. Essential Properties Realty Trust, Inc. has a 12 month low of $27.44 and a 12 month high of $34.88. The stock has a fifty day moving average price of $30.34 and a 200-day moving average price of $31.14. 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 has a market cap of $6.30 billion, a PE ratio of 25.65, a P/E/G ratio of 2.37 and a beta of 1.12.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Essential Properties Realty Trust had a return on equity of 6.42% and a net margin of 45.25%.The firm had revenue of $136.54 million during the quarter, compared to analyst estimates of $140.42 million. During the same quarter in the prior year, the business posted $0.43 EPS. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS. FY 2025 guidance at 1.870-1.890 EPS. Equities research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Essential Properties Realty Trust's dividend payout ratio is presently 101.69%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EPRT. Evercore ISI upgraded Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $34.00 to $36.00 in a report on Monday, September 15th. Barclays lowered their target price on 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. Weiss Ratings restated a "buy (b)" rating on shares of Essential Properties Realty Trust in a report on Wednesday, October 8th. Mizuho lowered their target price on Essential Properties Realty Trust from $35.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday, September 11th. Finally, Cantor Fitzgerald began coverage on Essential Properties Realty Trust in a report on Wednesday, October 1st. They set an "overweight" rating and a $35.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $35.27.

About Essential Properties Realty Trust

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.

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