KLP Kapitalforvaltning AS Boosts Holdings in Essential Properties Realty Trust, Inc. $EPRT

KLP Kapitalforvaltning AS lifted its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,300 shares of the company’s stock after purchasing an additional 5,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Essential Properties Realty Trust were worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of EPRT. SG Americas Securities LLC raised its position in shares of Essential Properties Realty Trust by 237.5% in the 1st quarter. SG Americas Securities LLC now owns 20,825 shares of the company’s stock worth $680,000 after purchasing an additional 14,655 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Essential Properties Realty Trust by 10.7% in the 1st quarter. QRG Capital Management Inc. now owns 87,962 shares of the company’s stock worth $2,871,000 after purchasing an additional 8,510 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Essential Properties Realty Trust by 3.0% in the 1st quarter. State of Alaska Department of Revenue now owns 189,095 shares of the company’s stock worth $6,171,000 after purchasing an additional 5,447 shares during the last quarter. Longboard Asset Management LP purchased a new position in shares of Essential Properties Realty Trust in the 1st quarter worth about $204,000. Finally, Asset Management One Co. Ltd. raised its position in shares of Essential Properties Realty Trust by 7.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 377,059 shares of the company’s stock worth $12,307,000 after purchasing an additional 27,054 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. UBS Group boosted their target price on Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Stifel Nicolaus decreased their target price on Essential Properties Realty Trust from $36.00 to $35.50 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Barclays decreased their target price on Essential Properties Realty Trust from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Essential Properties Realty Trust in a research report on Wednesday, October 8th. Finally, Evercore ISI raised Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $34.00 to $36.00 in a research report on Monday, September 15th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.23.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $29.60 on Tuesday. The company has a 50-day moving average price of $30.23 and a 200-day moving average price of $31.17. The firm has a market capitalization of $5.86 billion, a P/E ratio of 25.08, a PEG ratio of 2.21 and a beta of 1.12. 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, Inc. has a 52 week low of $27.44 and a 52 week high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $129.11 million for the quarter, compared to the consensus estimate 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 quarter last 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. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid 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 4.1%. Essential Properties Realty Trust’s payout ratio is 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.