M&G PLC Makes New $200,000 Investment in Essential Properties Realty Trust, Inc. $EPRT

M&G PLC bought a new position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 6,262 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EPRT. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Essential Properties Realty Trust by 12.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 129,532 shares of the company’s stock valued at $4,228,000 after acquiring an additional 14,032 shares in the last quarter. Lifestyle Asset Management Inc. purchased a new position in shares of Essential Properties Realty Trust in the 2nd quarter valued at approximately $274,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Essential Properties Realty Trust by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,164,473 shares of the company’s stock valued at $38,008,000 after purchasing an additional 33,903 shares during the period. Millennium Management LLC boosted its position in shares of Essential Properties Realty Trust by 13.0% during the first quarter. Millennium Management LLC now owns 1,394,060 shares of the company’s stock valued at $45,502,000 after purchasing an additional 160,772 shares in the last quarter. Finally, Clark Capital Management Group Inc. grew its stake in Essential Properties Realty Trust by 12.6% in the first quarter. Clark Capital Management Group Inc. now owns 169,807 shares of the company’s stock worth $5,542,000 after purchasing an additional 19,065 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Stifel Nicolaus set a $36.00 price objective on Essential Properties Realty Trust in a report on Thursday, October 23rd. Mizuho decreased their price target on shares of 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. UBS Group lifted their price target on shares of 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. Weiss Ratings restated a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Friday, October 31st. Finally, Berenberg Bank started coverage on shares of Essential Properties Realty Trust in a research note on Monday, October 13th. They set a “buy” rating and a $36.00 target price for the company. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.46.

Essential Properties Realty Trust Stock Up 0.7%

NYSE:EPRT opened at $30.78 on Friday. The firm has a market cap of $6.10 billion, a P/E ratio of 24.83, a P/E/G ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.66 and a current ratio of 5.66. Essential Properties Realty Trust, Inc. has a fifty-two week low of $27.44 and a fifty-two week high of $34.88. The firm has a 50-day simple moving average of $30.15 and a two-hundred day simple moving average of $31.06.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, October 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.38%. The firm had revenue of $144.93 million for the quarter, compared to the consensus estimate of $140.42 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s revenue was up 23.7% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS. FY 2025 guidance at 1.870-1.890 EPS. Analysts predict 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 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. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.20 annualized dividend and a yield of 3.9%. Essential Properties Realty Trust’s dividend payout ratio is 96.77%.

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.