B&I Capital AG increased its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) by 37.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,044 shares of the company’s stock after acquiring an additional 55,500 shares during the quarter. Essential Properties Realty Trust comprises approximately 2.2% of B&I Capital AG’s holdings, making the stock its 20th largest holding. B&I Capital AG owned 0.10% of Essential Properties Realty Trust worth $6,511,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of EPRT. TD Private Client Wealth LLC bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new position in Essential Properties Realty Trust in the second quarter worth $44,000. Headlands Technologies LLC acquired a new stake in Essential Properties Realty Trust during the first quarter worth $80,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Essential Properties Realty Trust in the 1st quarter valued at $92,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Essential Properties Realty Trust during the 2nd quarter worth about $108,000. 96.98% of the stock is owned by institutional investors.
Essential Properties Realty Trust Price Performance
Essential Properties Realty Trust stock opened at $31.52 on Thursday. The company has a market capitalization of $6.25 billion, a PE ratio of 25.42, a P/E/G ratio of 2.28 and a beta of 1.10. The stock has a 50-day moving average price of $30.35 and a two-hundred day moving average price of $31.00. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.68. Essential Properties Realty Trust, Inc. has a 12 month low of $27.44 and a 12 month high of $34.88.
Essential Properties Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. Essential Properties Realty Trust’s dividend payout ratio is 96.77%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on EPRT. Stifel Nicolaus set a $36.00 price target on shares of Essential Properties Realty Trust in a report on Thursday, October 23rd. Berenberg Bank began coverage on Essential Properties Realty Trust in a research report on Monday, October 13th. They set a “buy” rating and a $36.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Friday, October 31st. UBS Group raised 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 decreased 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. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.54.
Check Out Our Latest Analysis on Essential Properties Realty Trust
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.
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