XTX Topco Ltd Acquires 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 stake 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 SEC. The firm purchased 29,248 shares of the company's stock, valued at approximately $955,000.

A number of other hedge funds have also made changes to their positions in the business. Invesco Ltd. increased its holdings in shares of Essential Properties Realty Trust by 33.9% in the 4th quarter. Invesco Ltd. now owns 4,651,728 shares of the company's stock valued at $145,506,000 after acquiring an additional 1,178,284 shares during the last quarter. FMR LLC grew its stake in Essential Properties Realty Trust by 6.9% during the 4th quarter. FMR LLC now owns 4,422,710 shares of the company's stock worth $138,342,000 after buying an additional 284,036 shares during the last quarter. Principal Financial Group Inc. grew its stake in Essential Properties Realty Trust by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 3,035,196 shares of the company's stock worth $99,069,000 after buying an additional 86,244 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Essential Properties Realty Trust by 1.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,550,099 shares of the company's stock worth $79,767,000 after buying an additional 46,694 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Essential Properties Realty Trust by 19.8% during the 4th quarter. Northern Trust Corp now owns 2,526,025 shares of the company's stock worth $79,014,000 after buying an additional 417,443 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT traded up $0.33 during trading on Thursday, reaching $30.35. The company had a trading volume of 498,645 shares, compared to its average volume of 1,710,227. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $34.88. The stock has a market capitalization of $6.01 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 2.31 and a beta of 1.07. The stock has a 50-day moving average price of $31.69 and a two-hundred day moving average price of $31.71. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.60.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released 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). The business had revenue of $129.11 million during the quarter, compared to analyst estimates of $131.72 million. Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. As a group, sell-side analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, June 30th. Essential Properties Realty Trust's dividend payout ratio (DPR) is presently 101.69%.

Insider Transactions at Essential Properties Realty Trust

In other news, VP A Joseph Peil sold 13,227 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total value of $435,961.92. Following the completion of the sale, the vice president owned 76,590 shares of the company's stock, valued at $2,524,406.40. This represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.77% of the company's stock.

Analyst Ratings Changes

EPRT has been the topic of several analyst reports. Barclays lowered their target price on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. UBS Group lowered their target price on Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Wednesday, July 16th. Truist Financial lifted their target price on 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 target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.90.

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.