Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stock Position in Essential Properties Realty Trust, Inc. $EPRT

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 5.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,616 shares of the company’s stock after purchasing an additional 3,008 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Essential Properties Realty Trust were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. Invesco Ltd. boosted its position in Essential Properties Realty Trust by 51.8% in the first quarter. Invesco Ltd. now owns 7,062,006 shares of the company’s stock valued at $230,504,000 after buying an additional 2,410,278 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Essential Properties Realty Trust in the 1st quarter worth $59,546,000. Alyeska Investment Group L.P. grew its holdings in shares of 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 worth $96,613,000 after purchasing an additional 1,178,238 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Essential Properties Realty Trust during the 1st quarter valued at about $37,224,000. Finally, Vanguard Group Inc. raised its position in 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 valued at $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.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Essential Properties Realty Trust from $36.00 to $35.50 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Evercore ISI raised Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and increased their price target for the company from $34.00 to $36.00 in a report on Monday, September 15th. 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. 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. Finally, Mizuho reduced their price objective on Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.18.

Essential Properties Realty Trust Stock Down 0.3%

Essential Properties Realty Trust stock opened at $30.09 on Monday. The firm has a 50 day moving average price of $30.60 and a 200-day moving average price of $31.42. The company has a market capitalization of $5.96 billion, a P/E ratio of 25.50, a P/E/G ratio of 2.28 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $34.88. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly 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). Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. The firm had revenue of $129.11 million for the quarter, compared to analysts’ expectations of $131.72 million. During the same quarter last year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. As a group, equities analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Essential Properties Realty Trust’s dividend 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.