Elevation Point Wealth Partners LLC Takes Position in Essential Properties Realty Trust, Inc. $EPRT

Elevation Point Wealth Partners LLC bought a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,379 shares of the company’s stock, valued at approximately $108,000.

Several other hedge funds have also recently bought and sold shares of EPRT. Cetera Investment Advisers acquired a new position in shares of Essential Properties Realty Trust in the first quarter valued at approximately $319,000. Natixis Advisors LLC raised its holdings in shares of Essential Properties Realty Trust by 11.6% during the first quarter. Natixis Advisors LLC now owns 51,632 shares of the company’s stock worth $1,685,000 after acquiring an additional 5,362 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Essential Properties Realty Trust by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 10,778 shares of the company’s stock worth $352,000 after acquiring an additional 419 shares during the period. New Age Alpha Advisors LLC lifted its position in Essential Properties Realty Trust by 1,085.4% in the 1st quarter. New Age Alpha Advisors LLC now owns 153,363 shares of the company’s stock valued at $5,006,000 after acquiring an additional 140,425 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Essential Properties Realty Trust by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 27,966,449 shares of the company’s stock worth $912,825,000 after purchasing an additional 870,486 shares during the period. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on EPRT shares. Mizuho dropped their price target on Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, September 11th. UBS Group increased their price objective on Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Cantor Fitzgerald boosted their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Berenberg Bank assumed coverage on Essential Properties Realty Trust in a research report on Monday, October 13th. They set a “buy” rating and a $36.00 price target for the company. Finally, Scotiabank lifted their price objective on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company a “sector perform” rating in a report on Tuesday, November 25th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $35.54.

Essential Properties Realty Trust Stock Performance

Shares of NYSE EPRT opened at $31.50 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.66 and a current ratio of 5.66. The stock has a 50 day moving average price of $30.44 and a 200 day moving average price of $31.00. The stock has a market capitalization of $6.24 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.30 and a beta of 0.98. Essential Properties Realty Trust, Inc. has a 52 week low of $27.44 and a 52 week high of $34.01.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. The company had revenue of $144.93 million for the quarter, compared to analysts’ expectations of $140.42 million. Essential Properties Realty Trust had a return on equity of 6.38% and a net margin of 45.25%.The business’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 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 declared a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 30th. 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.