Louisiana State Employees Retirement System Buys 3,900 Shares of Essential Properties Realty Trust, Inc. $EPRT

Louisiana State Employees Retirement System raised its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,300 shares of the company’s stock after acquiring an additional 3,900 shares during the period. Louisiana State Employees Retirement System’s holdings in Essential Properties Realty Trust were worth $2,945,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC bought a new stake in Essential Properties Realty Trust in the 2nd quarter valued at $25,000. Headlands Technologies LLC bought a new stake in Essential Properties Realty Trust in the 1st quarter valued at $80,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Essential Properties Realty Trust in the 1st quarter valued at $92,000. Archer Investment Corp bought a new stake in Essential Properties Realty Trust in the 1st quarter valued at $119,000. Finally, GAMMA Investing LLC increased its holdings in Essential Properties Realty Trust by 21.5% in the 2nd quarter. GAMMA Investing LLC now owns 5,003 shares of the company’s stock valued at $160,000 after acquiring an additional 885 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Price Performance

EPRT stock opened at $29.52 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 current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $30.28 and a 200 day moving average price of $31.23. The stock has a market cap of $5.85 billion, a PE ratio of 25.02, a P/E/G ratio of 2.21 and a beta of 1.12.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.The firm had revenue of $129.11 million for the quarter, compared to analysts’ expectations of $131.72 million. During the same period in the prior year, the firm posted $0.47 earnings per share. Essential Properties Realty Trust’s revenue for the quarter was up 25.4% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. Essential Properties Realty Trust’s payout ratio is currently 101.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EPRT. Evercore ISI upgraded shares of Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $34.00 to $36.00 in a report on Monday, September 15th. UBS Group boosted 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 report on Friday, August 15th. Barclays reduced their target price 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. Cantor Fitzgerald began coverage on shares of Essential Properties Realty Trust in a report on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Essential Properties Realty Trust in a report on Wednesday. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.17.

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.