Public Employees Retirement System of Ohio Buys 18,054 Shares of Essential Properties Realty Trust, Inc. $EPRT

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Essential Properties Realty Trust, Inc. by 6.7%, acquiring an additional 18,054 shares in the second quarter, bringing its total holdings to 286,625 shares.
• Analysts have adjusted their price targets for Essential Properties Realty Trust, with Stifel Nicolaus setting a target of $35.50, while UBS Group increased their target to $38.00, reflecting a consensus rating of "Moderate Buy".
• Essential Properties Realty Trust plans to issue a quarterly dividend of $0.30 on October 14th, resulting in an annual dividend yield of 4.0% despite a payout ratio of 101.69%.

Public Employees Retirement System of Ohio raised its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 286,625 shares of the company's stock after acquiring an additional 18,054 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.15% of Essential Properties Realty Trust worth $9,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of EPRT. GAMMA Investing LLC lifted its stake in shares of Essential Properties Realty Trust by 21.5% during the 2nd quarter. GAMMA Investing LLC now owns 5,003 shares of the company's stock valued at $160,000 after buying an additional 885 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Essential Properties Realty Trust by 6.2% during the 2nd quarter. Exchange Traded Concepts LLC now owns 49,541 shares of the company's stock valued at $1,581,000 after buying an additional 2,872 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Essential Properties Realty Trust by 5.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,616 shares of the company's stock valued at $1,711,000 after buying an additional 3,008 shares in the last quarter. Lifestyle Asset Management Inc. purchased a new position in shares of Essential Properties Realty Trust during the 2nd quarter valued at $274,000. Finally, BROOKFIELD Corp ON lifted its stake in shares of Essential Properties Realty Trust by 35.7% during the 1st quarter. BROOKFIELD Corp ON now owns 802,946 shares of the company's stock valued at $26,208,000 after buying an additional 211,310 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on EPRT shares. Stifel Nicolaus decreased 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 research note on Wednesday, September 17th. Mizuho decreased 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 note on Thursday, September 11th. Barclays decreased 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 research note on Monday, July 21st. Evercore ISI upgraded shares of Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $34.00 to $36.00 in a research note on Monday, September 15th. Finally, UBS Group boosted their price target on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.18.

Essential Properties Realty Trust Stock Performance

Essential Properties Realty Trust stock opened at $29.75 on Friday. The company's 50-day moving average price is $30.47 and its 200-day moving average price is $31.36. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $34.88. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60. The company has a market cap of $5.89 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share 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 during the quarter, compared to the consensus estimate of $131.72 million. During the same quarter last year, the firm earned $0.47 earnings per share. The business'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. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a $0.30 dividend. 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 payout ratio is 101.69%.

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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