Essential Properties Realty Trust, Inc. $EPRT Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 4.9% during the first quarter, Holdings Channel reports. The fund owned 684,400 shares of the company’s stock after selling 35,200 shares during the quarter. Strs Ohio’s holdings in Essential Properties Realty Trust were worth $20,778,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its stake in Essential Properties Realty Trust by 159.4% during 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 boosted its stake in shares of Essential Properties Realty Trust by 21.8% during the 1st quarter. AQR Capital Management LLC now owns 22,244 shares of the company’s stock valued at $726,000 after buying an additional 3,981 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Essential Properties Realty Trust by 16.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company’s stock valued at $45,279,000 after buying an additional 195,057 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Essential Properties Realty Trust during the first quarter worth approximately $2,350,000. Finally, First Trust Advisors LP grew its position in shares of Essential Properties Realty Trust by 28.4% during the second quarter. First Trust Advisors LP now owns 145,784 shares of the company’s stock worth $4,652,000 after buying an additional 32,254 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $31.14 on Friday. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 2.46 and a beta of 0.88. Essential Properties Realty Trust, Inc. has a twelve month low of $28.95 and a twelve month high of $34.73. The business has a 50 day simple moving average of $30.70 and a 200-day simple moving average of $31.22.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.05). The firm had revenue of $158.80 million for the quarter, compared to the consensus estimate of $151.87 million. Essential Properties Realty Trust had a return on equity of 6.30% and a net margin of 43.46%.The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. As a group, equities research analysts expect that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 30th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. Essential Properties Realty Trust’s payout ratio is 100.79%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Wall Street Zen raised shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Scotiabank raised shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and dropped their target price for the stock from $34.00 to $33.00 in a research report on Thursday, June 18th. Weiss Ratings lowered shares of Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 17th. Finally, Mizuho reduced their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $36.41.

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.