Pensionfund Sabic Sells 4,000 Shares of Essential Properties Realty Trust, Inc. $EPRT

Pensionfund Sabic lessened its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 11.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,500 shares of the company’s stock after selling 4,000 shares during the quarter. Pensionfund Sabic’s holdings in Essential Properties Realty Trust were worth $996,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EPRT. Franchise Capital Ltd acquired a new stake in shares of Essential Properties Realty Trust in the 1st quarter valued at approximately $42,000. Headlands Technologies LLC acquired a new stake in shares of Essential Properties Realty Trust in the 1st quarter valued at approximately $80,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Essential Properties Realty Trust in the 1st quarter valued at approximately $92,000. GF Fund Management CO. LTD. acquired a new stake in shares of Essential Properties Realty Trust in the 4th quarter valued at approximately $100,000. Finally, Archer Investment Corp acquired a new stake in shares of Essential Properties Realty Trust in the 1st quarter valued at approximately $119,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $29.85 on Friday. 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 12-month low of $27.44 and a 12-month high of $34.88. The company has a market capitalization of $5.91 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The firm’s 50 day moving average is $30.73 and its 200-day moving average is $31.51.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $131.72 million. During the same period in the prior year, the business posted $0.47 earnings per share. Essential Properties Realty Trust’s quarterly revenue 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. Equities research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Essential Properties Realty Trust’s payout ratio is 101.69%.

Wall Street Analyst Weigh In

Several brokerages have commented on EPRT. Barclays dropped their target price on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Mizuho dropped their target price on shares of Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, UBS Group raised their target price on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.07.

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.