Intech Investment Management LLC Has $3.16 Million Position in Essential Properties Realty Trust, Inc. $EPRT

Intech Investment Management LLC lifted its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 28.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,992 shares of the company’s stock after acquiring an additional 22,033 shares during the quarter. Intech Investment Management LLC’s holdings in Essential Properties Realty Trust were worth $3,159,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in shares of Essential Properties Realty Trust by 51.8% in the 1st quarter. Invesco Ltd. now owns 7,062,006 shares of the company’s stock valued at $230,504,000 after purchasing an additional 2,410,278 shares during the period. Nuveen LLC bought a new stake in Essential Properties Realty Trust in the first quarter valued at about $59,546,000. Cbre Investment Management Listed Real Assets LLC acquired a new position in Essential Properties Realty Trust in the second quarter valued at about $37,828,000. Alyeska Investment Group L.P. lifted its stake in Essential Properties Realty Trust by 66.1% in 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 buying an additional 1,178,238 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Essential Properties Realty Trust during the first quarter worth about $37,224,000. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Up 0.4%

EPRT stock opened at $30.88 on Wednesday. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 2.23 and a beta of 1.10. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $34.88. The business has a 50 day moving average price of $30.18 and a two-hundred day moving average price of $31.03. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.68.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $144.93 million for the quarter, compared to analyst estimates of $140.42 million. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.38%. Essential Properties Realty Trust’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. 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 anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 96.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Mizuho reduced their price target on shares of Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, September 11th. Evercore ISI raised 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 research note on Monday, September 15th. Stifel Nicolaus set a $36.00 target price on Essential Properties Realty Trust in a research note on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Friday, October 31st. Finally, Berenberg Bank initiated coverage on Essential Properties Realty Trust in a report on Monday, October 13th. They set a “buy” rating and a $36.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.46.

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.