XTX Topco Ltd Purchases Shares of 29,248 Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Key Points

• XTX Topco Ltd has acquired 29,248 shares of Essential Properties Realty Trust (NYSE:EPRT), totaling approximately $955,000 in value during the first quarter.
• Essential Properties Realty Trust reported a quarterly EPS of $0.46, missing the consensus estimate by $0.01, while quarterly revenue increased by 25.4% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.30, maintaining a yield of 3.9%, with a payout ratio of 101.69%.

XTX Topco Ltd purchased a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 29,248 shares of the company's stock, valued at approximately $955,000.

Several other large investors also recently modified their holdings of the stock. Franchise Capital Ltd bought a new position in Essential Properties Realty Trust during the first quarter worth $42,000. Quarry LP raised its holdings in shares of Essential Properties Realty Trust by 439.4% during the fourth 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 period. GF Fund Management CO. LTD. bought a new position in shares of Essential Properties Realty Trust during the 4th quarter worth about $100,000. Morse Asset Management Inc grew its stake in shares of Essential Properties Realty Trust by 44.6% in the 4th quarter. Morse Asset Management Inc now owns 3,325 shares of the company's stock valued at $104,000 after buying an additional 1,025 shares during the period. Finally, Archer Investment Corp acquired a new stake in shares of Essential Properties Realty Trust in the 1st quarter valued at about $119,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Insiders Place Their Bets

In other news, VP A Joseph Peil sold 13,227 shares of the firm's 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. This trade represents a 14.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock opened at $30.52 on Friday. 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 firm has a 50-day moving average of $31.79 and a 200-day moving average of $31.73. 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 market cap of $6.05 billion, a P/E ratio of 25.86, a P/E/G ratio of 2.29 and a beta of 1.07.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its 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 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 period in the prior year, the business earned $0.47 EPS. Essential Properties Realty Trust's quarterly revenue was up 25.4% compared to the same quarter last year. Equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a $0.30 dividend. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.30. This represents a $1.20 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, June 30th. Essential Properties Realty Trust's payout ratio is presently 101.69%.

Analyst Ratings Changes

Several research analysts have issued reports on EPRT shares. Barclays cut their price target on 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. UBS Group cut their target price on Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Truist Financial boosted their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Scotiabank raised their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Essential Properties Realty Trust has a consensus rating of "Moderate Buy" and an average target price of $34.90.

Essential Properties Realty Trust 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.

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