Essential Properties Realty Trust, Inc. $EPRT Stake Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 18.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,395 shares of the company’s stock after purchasing an additional 845 shares during the quarter. Advisors Asset Management Inc.’s holdings in Essential Properties Realty Trust were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Franchise Capital Ltd purchased a new position in Essential Properties Realty Trust in the 1st quarter worth about $42,000. Headlands Technologies LLC purchased a new position in Essential Properties Realty Trust in the 1st quarter worth about $80,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Essential Properties Realty Trust in the 1st quarter worth about $92,000. GF Fund Management CO. LTD. purchased a new position in Essential Properties Realty Trust in the 4th quarter worth about $100,000. Finally, Archer Investment Corp purchased a new position in Essential Properties Realty Trust in the 1st quarter worth about $119,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EPRT shares. Mizuho lowered their target price on Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday. UBS Group lifted their target price on Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Finally, 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. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.07.

Essential Properties Realty Trust Trading Down 0.4%

NYSE:EPRT opened at $29.85 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. Essential Properties Realty Trust, Inc. has a fifty-two week low of $27.44 and a fifty-two week high of $34.88. The stock’s 50-day moving average is $30.73 and its two-hundred day moving average is $31.52. The stock has a market cap of $5.91 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The business had revenue of $129.11 million for the quarter, compared to analysts’ expectations of $131.72 million. Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. As a group, equities 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. Essential Properties Realty Trust’s payout ratio is presently 101.69%.

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.