Essential Properties Realty Trust, Inc. $EPRT Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,012,175 shares of the company’s stock after selling 112,396 shares during the period. Thrivent Financial for Lutherans’ holdings in Essential Properties Realty Trust were worth $30,021,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EPRT. Royal Bank of Canada increased its holdings in Essential Properties Realty Trust by 159.4% in the 1st quarter. Royal Bank of Canada now owns 74,147 shares of the company’s stock valued at $2,420,000 after purchasing an additional 45,561 shares in the last quarter. AQR Capital Management LLC increased its holdings in Essential Properties Realty Trust by 21.8% in the 1st quarter. AQR Capital Management LLC now owns 22,244 shares of the company’s stock valued at $726,000 after purchasing an additional 3,981 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Essential Properties Realty Trust by 16.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company’s stock valued at $45,279,000 after purchasing an additional 195,057 shares in the last quarter. Jane Street Group LLC acquired a new stake in Essential Properties Realty Trust in the 1st quarter valued at $2,350,000. Finally, First Trust Advisors LP increased its holdings in Essential Properties Realty Trust by 28.4% in the 2nd quarter. First Trust Advisors LP now owns 145,784 shares of the company’s stock valued at $4,652,000 after purchasing an additional 32,254 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $30.21 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.12 and a quick ratio of 5.12. Essential Properties Realty Trust, Inc. has a 1-year low of $28.95 and a 1-year high of $34.73. The firm has a 50-day moving average of $31.90 and a two-hundred day moving average of $31.29. The stock has a market cap of $6.53 billion, a P/E ratio of 23.78, a PEG ratio of 2.40 and a beta of 0.91.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.05). Essential Properties Realty Trust had a return on equity of 6.30% and a net margin of 43.46%.The company had revenue of $158.80 million for the quarter, compared to the consensus estimate of $151.87 million. During the same period in the previous year, the business posted $0.45 EPS. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. On average, research analysts expect that Essential Properties Realty Trust, Inc. will post 1.96 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.24 annualized dividend and a dividend yield of 4.1%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 97.64%.

Insider Activity

In other news, CFO Robert Webb Salisbury sold 5,851 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $186,529.88. Following the transaction, the chief financial officer owned 8,310 shares of the company’s stock, valued at approximately $264,922.80. This trade represents a 41.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP A Joseph Peil sold 19,657 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $32.10, for a total transaction of $630,989.70. Following the transaction, the vice president directly owned 76,525 shares in the company, valued at $2,456,452.50. The trade was a 20.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EPRT shares. Scotiabank lowered their price target on Essential Properties Realty Trust from $35.00 to $34.00 and set a “sector perform” rating for the company in a report on Tuesday, May 12th. Barclays increased their price target on Essential Properties Realty Trust from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. UBS Group increased their price target on Essential Properties Realty Trust from $38.00 to $40.00 and gave the company a “buy” rating in a report on Monday, March 9th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Essential Properties Realty Trust in a report on Friday, February 13th. Finally, Mizuho decreased their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $36.55.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.