Moran Wealth Management LLC Sells 617 Shares of Essential Properties Realty Trust, Inc. $EPRT

Moran Wealth Management LLC reduced its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 54,430 shares of the company’s stock after selling 617 shares during the period. Moran Wealth Management LLC’s holdings in Essential Properties Realty Trust were worth $1,737,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Invesco Ltd. lifted its stake in Essential Properties Realty Trust by 51.8% during the 1st quarter. Invesco Ltd. now owns 7,062,006 shares of the company’s stock valued at $230,504,000 after acquiring an additional 2,410,278 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Essential Properties Realty Trust in the first quarter valued at about $59,546,000. Alyeska Investment Group L.P. lifted its position in shares of Essential Properties Realty Trust by 66.1% during the first quarter. Alyeska Investment Group L.P. now owns 2,959,948 shares of the company’s stock valued at $96,613,000 after purchasing an additional 1,178,238 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Essential Properties Realty Trust during the first quarter worth about $37,224,000. Finally, Vanguard Group Inc. boosted its holdings in Essential Properties Realty Trust by 3.2% during the first quarter. Vanguard Group Inc. now owns 27,966,449 shares of the company’s stock worth $912,825,000 after purchasing an additional 870,486 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EPRT shares. UBS Group lifted 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 research report on Friday, August 15th. Mizuho reduced 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 note on Thursday, September 11th. Cantor Fitzgerald initiated coverage on Essential Properties Realty Trust in a research note on Wednesday, October 1st. They set an “overweight” rating and a $35.00 target price on the stock. Evercore ISI upgraded shares of Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and increased their price target for the company from $34.00 to $36.00 in a research report on Monday, September 15th. 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 issued a Hold rating to the stock. According to data from MarketBeat, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $35.23.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $30.27 on Thursday. The stock has a fifty day moving average of $30.21 and a 200-day moving average of $31.15. Essential Properties Realty Trust, Inc. has a fifty-two week low of $27.44 and a fifty-two week high of $34.88. The stock has a market cap of $6.00 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.25 and a beta of 1.12. 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 (NYSE:EPRT) last released its quarterly earnings data 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 the consensus estimate of $131.72 million. Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. Essential Properties Realty Trust’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 earnings per share. 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 year.

Essential Properties Realty Trust Announces Dividend

The firm also recently disclosed 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 4.0%. The ex-dividend date was Tuesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 101.69%.

About Essential Properties Realty Trust

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.