Maryland State Retirement & Pension System Buys 3,249 Shares of Essential Properties Realty Trust, Inc. $EPRT

Maryland State Retirement & Pension System boosted its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,046 shares of the company’s stock after buying an additional 3,249 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Essential Properties Realty Trust were worth $1,852,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in Essential Properties Realty Trust by 51.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 30,653 shares of the company’s stock worth $994,000 after purchasing an additional 10,420 shares during the period. Amalgamated Bank boosted its position in Essential Properties Realty Trust by 3.3% during the first quarter. Amalgamated Bank now owns 53,128 shares of the company’s stock worth $1,734,000 after purchasing an additional 1,693 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Essential Properties Realty Trust by 12.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 129,532 shares of the company’s stock worth $4,228,000 after purchasing an additional 14,032 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Essential Properties Realty Trust by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,164,473 shares of the company’s stock worth $38,008,000 after purchasing an additional 33,903 shares during the period. Finally, Meritage Portfolio Management boosted its position in Essential Properties Realty Trust by 44.9% during the first quarter. Meritage Portfolio Management now owns 238,909 shares of the company’s stock worth $7,798,000 after purchasing an additional 73,994 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Down 1.1%

Shares of Essential Properties Realty Trust stock opened at $29.19 on Friday. 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 cap of $5.78 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 2.21 and a beta of 1.12. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $30.25 and its 200-day moving average price is $31.20.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 earnings per share (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%.The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 101.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of Essential Properties Realty Trust from $36.00 to $35.50 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Essential Properties Realty Trust in a research report on Wednesday. Evercore ISI upgraded shares of Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $34.00 to $36.00 in a research report on Monday, September 15th. Barclays lowered their price target 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. Finally, Mizuho lowered 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 report on Thursday, September 11th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $35.17.

Essential Properties Realty Trust Company 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.