Hsbc Holdings PLC Cuts Stake in Essential Properties Realty Trust, Inc. $EPRT

Hsbc Holdings PLC reduced its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 5.4% in the fourth quarter, Holdings Channel reports. The firm owned 829,555 shares of the company’s stock after selling 47,292 shares during the quarter. Hsbc Holdings PLC’s holdings in Essential Properties Realty Trust were worth $24,605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Essential Properties Realty Trust by 82.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock worth $27,000 after acquiring an additional 405 shares during the last quarter. First Horizon Corp boosted 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 purchasing an additional 673 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Essential Properties Realty Trust by 664.4% in the 4th quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock worth $47,000 after purchasing an additional 1,382 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Essential Properties Realty Trust by 273.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock worth $48,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Essential Properties Realty Trust by 1,009.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,730 shares of the company’s stock worth $51,000 after purchasing an additional 1,574 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EPRT. UBS Group upped their price target on Essential Properties Realty Trust from $38.00 to $40.00 and gave the company a “buy” rating in a report on Monday, March 9th. Scotiabank upgraded Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and reduced their price objective for the stock from $34.00 to $33.00 in a report on Thursday, June 18th. Mizuho decreased their target price on 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. Barclays upped their target price on shares of Essential Properties Realty Trust from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company raised their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Buy” and a consensus price target of $36.41.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $30.91 on Tuesday. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.46 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 company has a debt-to-equity ratio of 0.59, a current ratio of 5.12 and a quick ratio of 5.12. The business’s fifty day moving average price is $30.69 and its 200-day moving average price is $31.23.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.05). The firm had revenue of $158.80 million during the quarter, compared to the consensus estimate of $151.87 million. Essential Properties Realty Trust had a return on equity of 6.30% and a net margin of 43.46%.The business’s revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. On average, equities analysts predict that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. Essential Properties Realty Trust’s dividend payout ratio is presently 100.79%.

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.