Strs Ohio Takes $1.07 Million Position in 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 stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,800 shares of the company's stock, valued at approximately $1,071,000.

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

Essential Properties Realty Trust Price Performance

EPRT traded down $0.10 during trading on Friday, reaching $30.09. 4,153,239 shares of the company were exchanged, compared to its average volume of 1,514,117. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60. Essential Properties Realty Trust, Inc. has a 12-month low of $27.44 and a 12-month high of $34.88. The company has a market cap 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 company's 50-day moving average is $30.60 and its two-hundred day moving average is $31.42.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $129.11 million for the quarter, compared to analysts' expectations of $131.72 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.The firm's revenue was up 25.4% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. Research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share 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. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. 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 dividend payout ratio (DPR) is currently 101.69%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Evercore ISI raised Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and upped their target price for the company from $34.00 to $36.00 in a research report on Monday, September 15th. 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 report on Friday, August 15th. Stifel Nicolaus decreased their price objective on shares of Essential Properties Realty Trust from $36.00 to $35.50 and set a "buy" rating on the stock in a research report on Wednesday. Mizuho lowered their price objective on shares of 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, Barclays dropped their target price on shares of 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. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.18.

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.