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

Bailard Inc. lowered its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 17.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,053 shares of the company’s stock after selling 5,300 shares during the period. Bailard Inc.’s holdings in Essential Properties Realty Trust were worth $799,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Invesco Ltd. increased its position in shares of Essential Properties Realty Trust by 51.8% in the 1st quarter. Invesco Ltd. now owns 7,062,006 shares of the company’s stock valued at $230,504,000 after acquiring an additional 2,410,278 shares during the period. Nuveen LLC purchased a new stake in Essential Properties Realty Trust during the 1st quarter valued at about $59,546,000. Cbre Investment Management Listed Real Assets LLC acquired a new position in shares of Essential Properties Realty Trust in the second quarter valued at about $37,828,000. Alyeska Investment Group L.P. increased its holdings in shares of Essential Properties Realty Trust by 66.1% in the first quarter. Alyeska Investment Group L.P. now owns 2,959,948 shares of the company’s stock valued at $96,613,000 after purchasing an additional 1,178,238 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Essential Properties Realty Trust in the first quarter worth about $37,224,000. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EPRT shares. Evercore ISI upgraded Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and upped their target price for the company from $34.00 to $36.00 in a research report on Monday, September 15th. Barclays dropped their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Cantor Fitzgerald increased 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 note on Friday, October 24th. Berenberg Bank initiated coverage on shares of Essential Properties Realty Trust in a research report on Monday, October 13th. They set a “buy” rating and a $36.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $35.46.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $30.78 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.66 and a quick ratio of 5.66. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.22 and a beta of 1.10. The firm’s 50 day simple moving average is $30.15 and its 200-day simple moving average is $31.06. Essential Properties Realty Trust, Inc. has a 12 month low of $27.44 and a 12 month high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The company had revenue of $144.93 million during the quarter, compared to analysts’ expectations of $140.42 million. Essential Properties Realty Trust had a return on equity of 6.38% and a net margin of 45.25%.Essential Properties Realty Trust’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS. FY 2025 guidance at 1.870-1.890 EPS. Analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.9%. The ex-dividend date was Tuesday, September 30th. Essential Properties Realty Trust’s payout ratio is presently 96.77%.

Essential Properties Realty Trust Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.