MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $3.41 Million Holdings in Essential Properties Realty Trust, Inc. $EPRT

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,478 shares of the company’s stock after buying an additional 4,573 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of Essential Properties Realty Trust worth $3,410,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EPRT. BNP Paribas Financial Markets grew its holdings in Essential Properties Realty Trust by 84.0% in the fourth quarter. BNP Paribas Financial Markets now owns 73,639 shares of the company’s stock worth $2,303,000 after purchasing an additional 33,624 shares during the period. Bank of America Corp DE grew its holdings in Essential Properties Realty Trust by 163.3% in the fourth quarter. Bank of America Corp DE now owns 963,055 shares of the company’s stock worth $30,124,000 after purchasing an additional 597,293 shares during the period. Cresset Asset Management LLC grew its holdings in Essential Properties Realty Trust by 46.5% in the fourth quarter. Cresset Asset Management LLC now owns 10,183 shares of the company’s stock worth $321,000 after purchasing an additional 3,234 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Essential Properties Realty Trust by 943.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 94,506 shares of the company’s stock worth $2,956,000 after purchasing an additional 85,449 shares during the period. Finally, Ethic Inc. acquired a new stake in Essential Properties Realty Trust in the fourth quarter worth $227,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EPRT has been the subject of a number of research reports. Mizuho reduced their price target on shares of Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday. UBS Group raised their price target on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, Barclays dropped their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.07.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock opened at $29.85 on Friday. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.67 and a current ratio of 5.67. Essential Properties Realty Trust, Inc. has a 52 week low of $27.44 and a 52 week high of $34.88. The firm’s 50-day simple moving average is $30.73 and its two-hundred day simple moving average is $31.52.

Essential Properties Realty Trust (NYSE:EPRT) last posted 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 during the quarter, compared to analysts’ expectations of $131.72 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.Essential Properties Realty Trust’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. As a group, equities analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

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

About Essential Properties Realty Trust

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.