American Century Companies Inc. Acquires 306,062 Shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Posted by Defense World Staff on Aug 29th, 2023

American Century Companies Inc. increased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) by 25.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,508,853 shares of the company’s stock after acquiring an additional 306,062 shares during the quarter. American Century Companies Inc. owned approximately 1.01% of Essential Properties Realty Trust worth $37,495,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EPRT. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Essential Properties Realty Trust during the fourth quarter worth $34,000. M&R Capital Management Inc. lifted its holdings in Essential Properties Realty Trust by 2,238.0% during the first quarter. M&R Capital Management Inc. now owns 2,338 shares of the company’s stock worth $58,000 after acquiring an additional 2,238 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Essential Properties Realty Trust by 193.0% during the first quarter. Tower Research Capital LLC TRC now owns 3,539 shares of the company’s stock worth $88,000 after acquiring an additional 2,331 shares during the period. Captrust Financial Advisors bought a new stake in Essential Properties Realty Trust during the second quarter worth $137,000. Finally, Centersquare Investment Management LLC bought a new stake in Essential Properties Realty Trust during the fourth quarter worth $200,000. 96.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, BNP Paribas initiated coverage on Essential Properties Realty Trust in a research report on Wednesday, June 14th. They issued an “outperform” rating and a $29.00 target price for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $26.66.

Read Our Latest Analysis on Essential Properties Realty Trust

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $23.97 on Tuesday. The company has a market capitalization of $3.74 billion, a P/E ratio of 20.84, a P/E/G ratio of 3.46 and a beta of 1.24. Essential Properties Realty Trust, Inc. has a 1 year low of $18.88 and a 1 year high of $26.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.77 and a quick ratio of 3.77. The business has a fifty day simple moving average of $24.09 and a two-hundred day simple moving average of $24.45.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $0.28 dividend. The ex-dividend date was Thursday, June 29th. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.28. This represents a $1.12 annualized dividend and a dividend yield of 4.67%. Essential Properties Realty Trust’s payout ratio is 97.39%.

Essential Properties Realty Trust Profile

(Free Report)

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.