Mizuho Markets Americas LLC bought a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,900 shares of the company’s stock, valued at approximately $847,000.
Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in Essential Properties Realty Trust by 82.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock worth $27,000 after buying an additional 405 shares in the last quarter. First Horizon Corp lifted its stake in Essential Properties Realty Trust by 146.9% during the 4th quarter. First Horizon Corp now owns 1,131 shares of the company’s stock valued at $34,000 after acquiring an additional 673 shares in the last quarter. Assetmark Inc. lifted its stake in Essential Properties Realty Trust by 47.8% during the 1st quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock valued at $41,000 after acquiring an additional 433 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in Essential Properties Realty Trust by 664.4% during the 4th quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock worth $47,000 after acquiring an additional 1,382 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Essential Properties Realty Trust by 273.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock worth $48,000 after acquiring an additional 1,182 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.
Essential Properties Realty Trust Trading Down 1.6%
Shares of EPRT stock opened at $32.13 on Friday. The company has a 50 day moving average of $30.90 and a 200-day moving average of $31.42. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust, Inc. has a 12-month low of $28.95 and a 12-month high of $34.73. The firm has a market cap of $6.95 billion, a P/E ratio of 24.91, a PEG ratio of 2.58 and a beta of 0.88.
Essential Properties Realty Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were issued a $0.32 dividend. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 4.0%. Essential Properties Realty Trust’s payout ratio is 100.79%.
Analyst Upgrades and Downgrades
EPRT has been the subject of several recent analyst reports. Scotiabank upgraded shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and reduced their target price for the stock from $34.00 to $33.00 in a research note on Thursday, June 18th. Mizuho cut 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 report on Wednesday, May 13th. 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. Wall Street Zen upgraded shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings upgraded 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 analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $36.11.
View Our Latest Analysis on EPRT
Key Essential Properties Realty Trust News
Here are the key news stories impacting Essential Properties Realty Trust this week:
- Positive Sentiment: Q2 earnings came in ahead of estimates, with EPS of $0.34 versus $0.33 expected, and revenue of $161.89 million topping the consensus estimate. The company also raised FY 2026 EPS guidance to $2.01-$2.05, above the analyst forecast of $1.97. Article Title
- Positive Sentiment: Stifel Nicolaus raised its price target on EPRT from $36.00 to $36.25 and reiterated a “buy” rating, signaling continued upside potential. Article Title
- Positive Sentiment: Barclays also maintained an “overweight” rating, though it trimmed its price target to $37.00 from $40.00, still implying room for gains. Article Title
- Positive Sentiment: Zacks reported that quarterly funds from operations matched expectations at $0.50 per share, indicating stable operating performance for the REIT. Article Title
- Neutral Sentiment: Analyst consensus remains broadly favorable, with coverage indicating a “buy” rating average across Wall Street. Article Title
- Negative Sentiment: Some earnings commentary noted that core FFO beat estimates, but revenue missed in one report, which may have tempered investor enthusiasm despite the overall solid quarter. Article Title
About Essential Properties Realty Trust
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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