In the dynamic and ever-evolving world of investing, keeping up with changes in stock positions can be a mysterious art form. In this regard, &Zurcher Kantonalbank Zurich Cantonalbank recently announced an intriguing development regarding its investments in Essential Properties Realty Trust, Inc. (NYSE:EPRT). The financial institution revealed that it has lifted its position in EPRT by 8.0% during the 4th quarter according to its most recent disclosure filing with the US Securities and Exchange Commission.
It appears that Zurcher Kantonalbank Zurich Cantonalbank currently owns about 0.05% of EPRT, which is worth $1,761,000 as of its latest SEC filing. Essential Properties Realty Trust is a leading player in the acquisition, ownership and management of durable single-tenant properties that are net leased on a long-term basis. Its substantial portfolio boasts such recognizable names as Captain D’s, Art Van Furniture, Mister and Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday or White Oak Station.
The latest opening price for Essential Properties Realty Trust’s stock was set at $24.18 on Monday. It’s noteworthy that the company has displayed some stability over the past weeks – its stocks hold a 50-day moving average price of $24.75 and a 200-day moving average price of $23.43 at present. With regard to financial aspects and ratios representing business health status – the firm has a debt-to-equity ratio of 0.57; it holds firm equilibrium levels represented through both current ratio (5.13) and quick ratio (5.13).
Essential Properties Realty Trust boasts impressive figures when it comes to market capitalization ($3.60 billion), as well as PE ratio (24.42), P/E/G ratio (3.17) and beta (1.26). It’s also worth noting that its high and low margins over the past 12 months rest at $26.43 and $18.88 respectively.
In conclusion, Zurcher Kantonalbank Zurich Cantonalbank appears to have made a wise move in increasing financial interests in EPRT, signaling that the merits of this real estate company are catching the eyes of top investors. Essential Properties Realty Trust boasts a remarkable reputation while benefiting from a diverse array of prestigious assets – so it’s no wonder big names in finance continue to take notice and move accordingly.
Essential Properties Realty Trust Attracts Hedge Funds and Institutional Investors Despite Challenging Economic Situation
Essential Properties Realty Trust, a real estate investment trust (REIT) that owns and manages single-tenant properties throughout the United States, has been attracting attention from hedge funds and institutional investors. Recent Securities and Exchange Commission (SEC) filings reveal that Arizona State Retirement System lifted its stake in Essential Properties Realty Trust by 4.7% during the third quarter and now owns 35,640 shares of the company’s stock worth $693,000 after acquiring an additional 1,601 shares during this period. Similarly, Nisa Investment Advisors LLC increased its shareholding in Essential Properties Realty Trust by 24.2% along with Penn Capital Management Company LLC (up by 13.5%), KBC Group NV (up by 7.9%), and EverSource Wealth Advisors LLC (up by 17.8%). Hedge funds and institutional investors currently account for 97.19% of the company’s stock.
Brokerages are bullish on Essential Properties Realty Trust despite the challenging economic situation due to COVID-19 pandemic-related restrictions still impacting many markets worldwide. Some brokerages reduced Essential Properties’ price target during Q1 but maintained their “buy” rating for the company regardless. Ladenburg Thalmann dropped its price target from $28 to $27 while Stifel Nicolaus raised its price objective from $26.25 to $26.50 on Thursday, February 16th.
Essential Properties also recently declared a quarterly dividend payable last Friday, April 14th, to shareholders of record as of Friday, March 31st – representing a $0.275 dividend per share or an annualized dividend of $1.10 at an attractive dividend yield of about 4.55%. Although this move generated controversy among some industry professionals due to a payout ratio soaring over actual earnings in recent reports – which can be seen as unsustainable.
Investors interested in diversifying their portfolio through investing in REITs may find Essential Properties Realty Trust an attractive option, despite the prevailing market uncertainty. With their strong fundamentals, a dividend yield among the best in the field of comparable companies and bullish accolades from leading brokerages, Essential Properties may be worth considering as part of any long-term investment plan.