Truvestments Capital LLC Has $4.82 Million Holdings in 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 stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 31.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,621 shares of the company's stock after buying an additional 35,684 shares during the quarter. Essential Properties Realty Trust accounts for about 1.0% of Truvestments Capital LLC's investment portfolio, making the stock its 17th largest position. Truvestments Capital LLC owned 0.07% of Essential Properties Realty Trust worth $4,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of EPRT. Franchise Capital Ltd bought a new position in Essential Properties Realty Trust in the 1st quarter valued at $42,000. Quarry LP raised its position in Essential Properties Realty Trust by 439.4% in the 4th quarter. Quarry LP now owns 1,451 shares of the company's stock valued at $45,000 after purchasing an additional 1,182 shares during the last quarter. Headlands Technologies LLC bought a new position in Essential Properties Realty Trust in the 1st quarter valued at $80,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Essential Properties Realty Trust in the 1st quarter valued at $92,000. Finally, GF Fund Management CO. LTD. bought a new position in Essential Properties Realty Trust in the 4th quarter valued at $100,000. Institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Trading Up 0.7%

Shares of EPRT stock traded up $0.22 on Monday, reaching $31.31. 1,012,856 shares of the stock were exchanged, compared to its average volume of 1,273,791. The stock has a market cap of $6.20 billion, a PE ratio of 26.53, a P/E/G ratio of 2.43 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a one year low of $27.44 and a one year high of $34.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 5.67 and a quick ratio of 5.67. The stock has a 50 day moving average price of $31.08 and a 200 day moving average price of $31.61.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released 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 firm had revenue of $129.11 million for the quarter, compared to the consensus estimate of $131.72 million. During the same quarter in the previous year, the firm earned $0.47 EPS. The company's revenue 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. Equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Insider Activity at Essential Properties Realty Trust

In related news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust stock in a transaction on Tuesday, June 10th. The stock was 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 $2,524,406.40. The trade was a 14.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EPRT. UBS Group lifted their price objective on Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Truist Financial lifted their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Scotiabank boosted their target price on 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. Finally, Barclays dropped their target price 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. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus 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.