Bank of New York Mellon Corp Grows Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT

Bank of New York Mellon Corp raised its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,580,009 shares of the company’s stock after purchasing an additional 15,952 shares during the quarter. Bank of New York Mellon Corp’s holdings in Essential Properties Realty Trust were worth $47,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cohen & Steers Inc. raised its position in shares of 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 buying an additional 9,816,042 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Essential Properties Realty Trust by 1,930,360.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,737,308 shares of the company’s stock valued at $199,829,000 after acquiring an additional 6,736,959 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Essential Properties Realty Trust by 4,681.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,997,593 shares of the company’s stock worth $118,569,000 after acquiring an additional 3,913,986 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Essential Properties Realty Trust by 195.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 3,970,789 shares of the company’s stock worth $118,171,000 after acquiring an additional 2,626,478 shares during the last quarter. Finally, Norges Bank bought a new stake in Essential Properties Realty Trust in the fourth quarter worth about $68,467,000. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Up 0.7%

Shares of Essential Properties Realty Trust stock opened at $32.34 on Friday. The firm’s 50 day moving average price is $30.94 and its 200-day moving average price is $31.42. The company has a quick ratio of 5.12, a current ratio of 8.17 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust, Inc. has a 52-week low of $28.95 and a 52-week high of $34.73. The company has a market cap of $6.99 billion, a P/E ratio of 25.07, a PEG ratio of 2.53 and a beta of 0.88.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The firm had revenue of $161.89 million during the quarter, compared to analyst estimates of $156.65 million. During the same quarter in the previous year, the business posted $0.46 EPS. Essential Properties Realty Trust’s revenue was up 18.1% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, sell-side analysts predict that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.0%. Essential Properties Realty Trust’s payout ratio is currently 99.22%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Stifel Nicolaus upped their target price on Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday. Wall Street Zen upgraded Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Wells Fargo & Company lifted their target price on 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 raised shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Finally, Barclays cut their price target on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to MarketBeat.com, Essential Properties Realty Trust presently has a consensus rating of “Buy” and an average target price of $36.11.

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.