Vanguard Personalized Indexing Management LLC Sells 2,829 Shares of Essential Properties Realty Trust, Inc. $EPRT

Vanguard Personalized Indexing Management LLC decreased its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,584 shares of the company’s stock after selling 2,829 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Essential Properties Realty Trust were worth $880,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EPRT. Aberdeen Group plc grew its position in shares of Essential Properties Realty Trust by 18.8% during the 2nd quarter. Aberdeen Group plc now owns 70,998 shares of the company’s stock worth $2,266,000 after buying an additional 11,254 shares during the period. Maryland State Retirement & Pension System grew its position in shares of Essential Properties Realty Trust by 5.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 58,046 shares of the company’s stock worth $1,852,000 after buying an additional 3,249 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Essential Properties Realty Trust by 4.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 92,300 shares of the company’s stock worth $2,945,000 after buying an additional 3,900 shares during the period. KLP Kapitalforvaltning AS grew its position in shares of Essential Properties Realty Trust by 15.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 40,300 shares of the company’s stock worth $1,296,000 after buying an additional 5,400 shares during the period. Finally, Belpointe Asset Management LLC grew its position in shares of Essential Properties Realty Trust by 3.2% during the 2nd quarter. Belpointe Asset Management LLC now owns 18,558 shares of the company’s stock worth $592,000 after buying an additional 572 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

NYSE EPRT opened at $30.93 on Monday. The company has a fifty day simple moving average of $30.23 and a 200 day simple moving average of $31.11. 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 current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.60. The company has a market cap of $6.13 billion, a P/E ratio of 26.22, a PEG ratio of 2.33 and a beta of 1.12.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data 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 for 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 revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Essential Properties Realty Trust’s payout ratio is currently 101.69%.

Analysts Set New Price Targets

Several analysts have recently commented on EPRT shares. UBS Group raised their price objective 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. Evercore ISI raised shares of 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 report on Monday, September 15th. Berenberg Bank assumed coverage on shares of Essential Properties Realty Trust in a research report on Monday, October 13th. They set a “buy” rating and a $36.00 price objective for the company. Barclays reduced their price target on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Essential Properties Realty Trust in a research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.23.

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.