Belpointe Asset Management LLC Buys New Holdings in Essential Properties Realty Trust, Inc. $EPRT

Belpointe Asset Management LLC acquired a new position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,986 shares of the company’s stock, valued at approximately $587,000.

Several other institutional investors and hedge funds have also bought and sold shares of EPRT. Invesco Ltd. lifted its stake in shares of Essential Properties Realty Trust by 51.8% in the 1st quarter. Invesco Ltd. now owns 7,062,006 shares of the company’s stock valued at $230,504,000 after purchasing an additional 2,410,278 shares during the period. Nuveen LLC purchased a new position in shares of Essential Properties Realty Trust in the 1st quarter valued at approximately $59,546,000. Alyeska Investment Group L.P. increased its position in Essential Properties Realty Trust by 66.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,959,948 shares of the company’s stock valued at $96,613,000 after buying an additional 1,178,238 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Essential Properties Realty Trust during the 1st quarter valued at approximately $37,224,000. Finally, Vanguard Group Inc. increased its holdings in shares of Essential Properties Realty Trust by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 27,966,449 shares of the company’s stock worth $912,825,000 after purchasing an additional 870,486 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

NYSE:EPRT opened at $29.85 on Friday. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $5.91 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.33 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a 12 month low of $27.44 and a 12 month high of $34.88. The business’s 50-day moving average is $30.73 and its 200 day moving average is $31.51.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, July 23rd. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The firm 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 quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. On average, 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 announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 30th. Essential Properties Realty Trust’s payout ratio is currently 101.69%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EPRT shares. UBS Group lifted their target price on Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Mizuho dropped their price target 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. 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 report on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.07.

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.