Sei Investments Co. lifted its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) by 157.3% during the 1st quarter, HoldingsChannel reports. The fund owned 1,323,745 shares of the company’s stock after buying an additional 809,367 shares during the period. Sei Investments Co.’s holdings in Essential Properties Realty Trust were worth $40,189,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cohen & Steers Inc. raised its stake in Essential Properties Realty Trust by 111.6% during the 4th quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company’s stock valued at $552,031,000 after purchasing an additional 9,816,042 shares during the last quarter. State Street Corp boosted its holdings in Essential Properties Realty Trust by 8.2% in the 2nd quarter. State Street Corp now owns 11,131,871 shares of the company’s stock valued at $358,488,000 after purchasing an additional 843,877 shares during the period. Wellington Management Group LLP grew its position in Essential Properties Realty Trust by 5.7% in the 4th quarter. Wellington Management Group LLP now owns 7,844,570 shares of the company’s stock worth $232,670,000 after purchasing an additional 421,364 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in 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 worth $199,829,000 after purchasing an additional 6,736,959 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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 worth $155,452,000 after purchasing an additional 25,857 shares during the period. Institutional investors own 96.98% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Barclays cut their price target on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company raised their price target 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 Monday, June 1st. Scotiabank raised Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and decreased their price objective for the company from $34.00 to $33.00 in a report on Thursday, June 18th. Stifel Nicolaus upped 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. Finally, Weiss Ratings upgraded Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $36.11.
Essential Properties Realty Trust Trading Down 0.0%
Shares of Essential Properties Realty Trust stock opened at $32.34 on Monday. Essential Properties Realty Trust, Inc. has a 12-month low of $28.95 and a 12-month high of $34.73. The stock has a market capitalization of $6.99 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 2.55 and a beta of 0.88. The company has a 50-day simple moving average of $30.94 and a 200 day simple moving average of $31.44. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.65.
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $161.89 million for the quarter, compared to analyst estimates of $156.65 million. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. 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
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, June 30th. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. Essential Properties Realty Trust’s dividend payout ratio is presently 99.22%.
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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