Essential Properties Realty Trust, Inc. $EPRT Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,959 shares of the company’s stock after acquiring an additional 7,513 shares during the quarter. Intech Investment Management LLC’s holdings in Essential Properties Realty Trust were worth $2,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Essential Properties Realty Trust by 3.2% during the first quarter. Vanguard Group Inc. now owns 27,966,449 shares of the company’s stock worth $912,825,000 after acquiring an additional 870,486 shares during the period. Wellington Management Group LLP raised its stake in Essential Properties Realty Trust by 0.6% during the first quarter. Wellington Management Group LLP now owns 8,511,088 shares of the company’s stock worth $277,802,000 after acquiring an additional 48,904 shares during the period. Invesco Ltd. raised its stake in Essential Properties Realty Trust by 51.8% during the first quarter. Invesco Ltd. now owns 7,062,006 shares of the company’s stock worth $230,504,000 after acquiring an additional 2,410,278 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Essential Properties Realty Trust by 0.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,962,740 shares of the company’s stock worth $161,984,000 after acquiring an additional 41,230 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Essential Properties Realty Trust by 2.9% during the first quarter. Principal Financial Group Inc. now owns 3,035,196 shares of the company’s stock worth $99,069,000 after acquiring an additional 86,244 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Analysts Set New Price Targets

EPRT has been the topic of several research reports. Evercore ISI upgraded shares of Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $36.00 in a research note on Monday. Mizuho dropped their price target on shares of Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th. UBS Group raised their price target on shares of 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 dropped their price target 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. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.25.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $29.87 on Tuesday. The firm has a market capitalization of $5.92 billion, a PE ratio of 25.31, a P/E/G ratio of 2.32 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 company has a debt-to-equity ratio of 0.60, a current ratio of 5.67 and a quick ratio of 5.67. The company’s 50 day simple moving average is $30.70 and its 200 day simple moving average is $31.48.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $129.11 million for the quarter, compared to the consensus estimate of $131.72 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share. 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 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

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

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.