Strs Ohio Acquires Shares of 32,800 Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Strs Ohio acquired 32,800 shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) for approximately $1,071,000 in Q1, contributing to the stock's significant institutional ownership of 96.98%.
• Essential Properties Realty Trust reported a Q2 EPS of $0.46, missing expectations of $0.47, with revenue of $129.11 million, which was below analysts' forecasts.
• The company announced a quarterly dividend of $0.30 per share, representing a 4.0% annual yield, and set FY 2025 EPS guidance between 1.860-1.890.

Strs Ohio purchased a new position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 32,800 shares of the company's stock, valued at approximately $1,071,000.

Several other institutional investors and hedge funds have also bought and sold shares of EPRT. Allspring Global Investments Holdings LLC raised its stake in shares of Essential Properties Realty Trust by 51.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 30,653 shares of the company's stock valued at $994,000 after buying an additional 10,420 shares during the period. Amalgamated Bank increased its stake in shares of Essential Properties Realty Trust by 3.3% in the first quarter. Amalgamated Bank now owns 53,128 shares of the company's stock worth $1,734,000 after purchasing an additional 1,693 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Essential Properties Realty Trust by 12.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 129,532 shares of the company's stock worth $4,228,000 after buying an additional 14,032 shares during the period. Meritage Portfolio Management grew its stake in Essential Properties Realty Trust by 44.9% in the 1st quarter. Meritage Portfolio Management now owns 238,909 shares of the company's stock valued at $7,798,000 after buying an additional 73,994 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Essential Properties Realty Trust by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,164,473 shares of the company's stock valued at $38,008,000 after acquiring an additional 33,903 shares during the period. 96.98% of the stock is owned by institutional investors.

Essential Properties Realty Trust Price Performance

EPRT traded down $0.06 during midday trading on Monday, hitting $30.09. The stock had a trading volume of 2,608,129 shares, compared to its average volume of 1,653,237. The company has a market cap of $5.96 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 2.28 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a 1 year low of $27.44 and a 1 year high of $34.88. The business has a fifty day moving average of $30.56 and a 200 day moving average of $31.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.67 and a current ratio of 5.67.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $0.46 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 during the quarter, compared to analysts' expectations of $131.72 million. During the same quarter in the previous year, the business earned $0.47 EPS. Essential Properties Realty Trust's revenue for the quarter 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. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, September 30th. Essential Properties Realty Trust's dividend payout ratio is currently 101.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EPRT shares. Barclays reduced their price target on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Mizuho decreased their price target on 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. 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, September 17th. Evercore ISI raised shares of Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $34.00 to $36.00 in a research note on Monday, September 15th. Finally, UBS Group increased their target price 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $35.18.

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.