Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Free Report) COO Robert Jenkins sold 22,000 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $32.22, for a total transaction of $708,840.00. Following the transaction, the chief operating officer owned 34,168 shares in the company, valued at approximately $1,100,892.96. The trade was a 39.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Essential Properties Realty Trust Stock Down 0.5%
NYSE EPRT opened at $31.95 on Thursday. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust, Inc. has a 1-year low of $28.95 and a 1-year high of $34.73. The company has a 50 day moving average of $30.99 and a 200-day moving average of $31.48. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 2.59 and a beta of 0.88.
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The business had revenue of $161.89 million during the quarter, compared to analysts’ expectations of $156.65 million. During the same period in the previous year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, equities research analysts expect that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current fiscal year.
Essential Properties Realty Trust Increases Dividend
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on EPRT shares. Cantor Fitzgerald raised their price target on Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings downgraded shares of Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. Scotiabank raised shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and decreased their target price for the company from $34.00 to $33.00 in a report on Thursday, June 18th. Finally, Mizuho dropped their target price 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 equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $36.20.
Check Out Our Latest Research Report on EPRT
Hedge Funds Weigh In On Essential Properties Realty Trust
Several hedge funds and other institutional investors have recently modified their holdings of EPRT. Massachusetts Financial Services Co. MA grew its position in Essential Properties Realty Trust by 59.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,803,496 shares of the company’s stock valued at $112,812,000 after acquiring an additional 1,425,082 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Essential Properties Realty Trust by 14.9% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 975,355 shares of the company’s stock worth $29,051,000 after acquiring an additional 126,372 shares during the last quarter. Strs Ohio lifted its holdings in shares of Essential Properties Realty Trust by 28.0% in the fourth quarter. Strs Ohio now owns 719,600 shares of the company’s stock worth $21,343,000 after acquiring an additional 157,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Essential Properties Realty Trust by 1,930,360.7% in 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 purchasing an additional 6,736,959 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Essential Properties Realty Trust by 9.0% in the 4th quarter. Legal & General Group Plc now owns 1,397,170 shares of the company’s stock valued at $41,440,000 after purchasing an additional 115,768 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.
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.
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