Truvestments Capital LLC Buys 35,684 Shares of Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Truvestments Capital LLC increased its stake in Essential Properties Realty Trust by 31.9% during the first quarter, acquiring an additional 35,684 shares to bring its total holdings to 147,621 shares.
• Several institutional investors, including First Trust Advisors LP and Hsbc Holdings PLC, also raised their stakes in Essential Properties Realty Trust, which is now owned 96.98% by hedge funds and other institutional investors.
• Essential Properties Realty Trust recently declared a quarterly dividend of $0.30 per share, marking an annualized yield of 3.9%, although the dividend payout ratio stands at 101.69%.

Truvestments Capital LLC increased its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 31.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,621 shares of the company's stock after acquiring an additional 35,684 shares during the period. Essential Properties Realty Trust comprises 1.0% of Truvestments Capital LLC's investment portfolio, making the stock its 17th biggest holding. Truvestments Capital LLC owned 0.07% of Essential Properties Realty Trust worth $4,818,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Essential Properties Realty Trust by 51.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 30,653 shares of the company's stock worth $994,000 after acquiring an additional 10,420 shares during the last quarter. Amalgamated Bank grew its position in Essential Properties Realty Trust by 3.3% in the 1st 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. grew its position 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 purchasing an additional 14,032 shares in the last quarter. Meritage Portfolio Management grew its position 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 worth $7,798,000 after purchasing an additional 73,994 shares in the last quarter. Finally, QRG Capital Management Inc. grew its position in Essential Properties Realty Trust by 10.7% in the 1st quarter. QRG Capital Management Inc. now owns 87,962 shares of the company's stock worth $2,871,000 after purchasing an additional 8,510 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

Insider Activity

In other news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total transaction of $435,961.92. Following the completion of the sale, the vice president directly owned 76,590 shares of the company's stock, valued at approximately $2,524,406.40. The trade was a 14.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Price Performance

NYSE:EPRT traded up $0.22 during trading hours on Friday, hitting $31.31. The stock had a trading volume of 1,012,856 shares, compared to its average volume of 1,303,854. The company has a 50 day simple moving average of $31.08 and a two-hundred day simple moving average of $31.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 5.67 and a quick ratio of 5.67. Essential Properties Realty Trust, Inc. has a one year low of $27.44 and a one year high of $34.88. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 2.41 and a beta of 1.07.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. The firm had revenue of $129.11 million during the quarter, compared to the consensus estimate of $131.72 million. During the same period in the previous year, the business earned $0.47 earnings per share. The firm's revenue for the quarter 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. Research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays reduced their price objective on shares of 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. Scotiabank upped their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Truist Financial upped their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, UBS Group upped their price objective on shares of 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. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.34.

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.