Essential Properties Realty Trust, Inc. $EPRT Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 241,591 shares of the company’s stock after purchasing an additional 6,748 shares during the quarter. New York State Teachers Retirement System owned about 0.12% of Essential Properties Realty Trust worth $7,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC acquired a new stake in Essential Properties Realty Trust during the second quarter worth $25,000. 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 stake in Essential Properties Realty Trust during the first quarter worth $92,000. Archer Investment Corp acquired a new stake in Essential Properties Realty Trust during the first quarter worth $119,000. Finally, GAMMA Investing LLC increased its stake in Essential Properties Realty Trust by 21.5% during the second quarter. GAMMA Investing LLC now owns 5,003 shares of the company’s stock worth $160,000 after acquiring an additional 885 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on EPRT. UBS Group raised their price target 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. Mizuho decreased their price target on Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. Stifel Nicolaus decreased their price target on Essential Properties Realty Trust from $36.00 to $35.50 and set a “buy” rating for the company in a report on Wednesday, September 17th. Berenberg Bank began coverage on Essential Properties Realty Trust in a report on Monday, October 13th. They set a “buy” rating and a $36.00 price target for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Essential Properties Realty Trust in a report on Wednesday, October 8th. Twelve 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 presently has an average rating of “Moderate Buy” and an average price target of $35.23.

Essential Properties Realty Trust Stock Up 1.5%

EPRT opened at $30.93 on Monday. The business’s 50-day simple moving average is $30.23 and its 200-day simple moving average is $31.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.67 and a current ratio of 5.67. Essential Properties Realty Trust, Inc. has a one year low of $27.44 and a one year high of $34.88. The stock has a market capitalization of $6.13 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12.

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 for the quarter, compared to analyst estimates of $131.72 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. Analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.9%. The ex-dividend date was Tuesday, September 30th. Essential Properties Realty Trust’s payout ratio is 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.