Yousif Capital Management LLC Purchases 4,749 Shares of Essential Properties Realty Trust, Inc. $EPRT

Yousif Capital Management LLC increased its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,435 shares of the company’s stock after acquiring an additional 4,749 shares during the period. Yousif Capital Management LLC’s holdings in Essential Properties Realty Trust were worth $2,375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Aberdeen Group plc lifted its position in Essential Properties Realty Trust by 18.8% during the second quarter. Aberdeen Group plc now owns 70,998 shares of the company’s stock valued at $2,266,000 after purchasing an additional 11,254 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in Essential Properties Realty Trust by 5.9% during the second quarter. Maryland State Retirement & Pension System now owns 58,046 shares of the company’s stock valued at $1,852,000 after purchasing an additional 3,249 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Essential Properties Realty Trust by 4.4% during the second quarter. Louisiana State Employees Retirement System now owns 92,300 shares of the company’s stock valued at $2,945,000 after purchasing an additional 3,900 shares in the last quarter. KLP Kapitalforvaltning AS lifted its position in Essential Properties Realty Trust by 15.5% during the second quarter. KLP Kapitalforvaltning AS now owns 40,300 shares of the company’s stock valued at $1,296,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its position in Essential Properties Realty Trust by 3.2% during the second quarter. Belpointe Asset Management LLC now owns 18,558 shares of the company’s stock valued at $592,000 after purchasing an additional 572 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock opened at $30.93 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. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 2.30 and a beta of 1.12. Essential Properties Realty Trust, Inc. has a 52 week low of $27.44 and a 52 week high of $34.88. The stock’s 50-day simple moving average is $30.23 and its 200-day simple moving average is $31.13.

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 during the quarter, compared to analysts’ expectations of $131.72 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.Essential Properties Realty Trust’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior 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. As a group, analysts expect 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 company also recently announced 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 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, September 30th. Essential Properties Realty Trust’s payout ratio is currently 101.69%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EPRT shares. Stifel Nicolaus lowered their target price on Essential Properties Realty Trust from $36.00 to $35.50 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Weiss Ratings restated a “buy (b)” rating on shares of Essential Properties Realty Trust in a research report on Wednesday, October 8th. UBS Group boosted their price objective on Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Cantor Fitzgerald initiated coverage on Essential Properties Realty Trust in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 price objective on the stock. Finally, Berenberg Bank initiated coverage on Essential Properties Realty Trust in a research report on Monday. They issued a “buy” rating and a $36.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.