London Co. of Virginia reduced its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 983,262 shares of the company’s stock after selling 31,228 shares during the period. London Co. of Virginia’s holdings in Essential Properties Realty Trust were worth $29,852,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in EPRT. Cohen & Steers Inc. lifted its stake in Essential Properties Realty Trust by 111.6% in the fourth quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company’s stock worth $552,031,000 after purchasing an additional 9,816,042 shares during the last quarter. State Street Corp boosted its position in Essential Properties Realty Trust by 8.2% during the second quarter. State Street Corp now owns 11,131,871 shares of the company’s stock valued at $358,488,000 after buying an additional 843,877 shares during the period. Wellington Management Group LLP grew its stake in shares of Essential Properties Realty Trust by 5.7% during the fourth quarter. Wellington Management Group LLP now owns 7,844,570 shares of the company’s stock valued at $232,670,000 after buying an additional 421,364 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Essential Properties Realty Trust by 1,930,360.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,737,308 shares of the company’s stock valued at $199,829,000 after acquiring an additional 6,736,959 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Essential Properties Realty Trust by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,240,401 shares of the company’s stock valued at $155,452,000 after acquiring an additional 25,857 shares during the period. 96.98% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on EPRT shares. Wall Street Zen upgraded Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Barclays lowered their price objective on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday. Stifel Nicolaus increased their price objective on Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday. Mizuho cut their target price on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $36.11.
Essential Properties Realty Trust Stock Up 0.7%
NYSE EPRT opened at $32.34 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 5.12. The stock has a market capitalization of $6.99 billion, a PE ratio of 25.07, a PEG ratio of 2.55 and a beta of 0.88. Essential Properties Realty Trust, Inc. has a 1 year low of $28.95 and a 1 year high of $34.73. The business’s 50-day moving average is $30.94 and its 200 day moving average is $31.42.
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.Essential Properties Realty Trust’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, June 30th. Essential Properties Realty Trust’s payout ratio is presently 99.22%.
Essential Properties Realty Trust 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.
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