Essential Properties Realty Trust, Inc. $EPRT Position Boosted by Aurora Investment Counsel

Aurora Investment Counsel raised its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 0.7% during the second quarter, HoldingsChannel.com reports. The firm owned 98,062 shares of the company’s stock after buying an additional 636 shares during the quarter. Essential Properties Realty Trust comprises 1.6% of Aurora Investment Counsel’s investment portfolio, making the stock its 3rd biggest position. Aurora Investment Counsel’s holdings in Essential Properties Realty Trust were worth $3,129,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EPRT. Longboard Asset Management LP purchased a new position in shares of Essential Properties Realty Trust in the 1st quarter worth about $204,000. Asset Management One Co. Ltd. raised its holdings 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 period. Allspring Global Investments Holdings LLC raised its holdings in shares of Essential Properties Realty Trust by 51.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 30,653 shares of the company’s stock worth $994,000 after purchasing an additional 10,420 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Essential Properties Realty Trust by 5.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 251,593 shares of the company’s stock worth $8,212,000 after purchasing an additional 13,041 shares during the period. Finally, KBC Group NV raised its holdings in shares of Essential Properties Realty Trust by 4.3% in the 1st quarter. KBC Group NV now owns 8,085 shares of the company’s stock worth $264,000 after purchasing an additional 335 shares during the period. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Price Performance

EPRT stock opened at $31.36 on Tuesday. Essential Properties Realty Trust, Inc. has a 1 year low of $27.44 and a 1 year high of $34.88. The stock has a 50-day simple moving average of $30.26 and a 200-day simple moving average of $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. The firm has a market cap of $6.21 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12.

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

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 101.69%.

Analysts Set New Price Targets

A number of research firms have recently commented on EPRT. Evercore ISI upgraded Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $36.00 in a report on Monday, September 15th. Stifel Nicolaus lowered 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 note on Wednesday, September 17th. Cantor Fitzgerald initiated coverage on Essential Properties Realty Trust in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 target price for the company. Mizuho lowered their target price on Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Finally, Barclays lowered 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 note on Monday, July 21st. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Essential Properties Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $35.23.

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.