Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stake in Essential Properties Realty Trust, Inc. $EPRT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 24.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 141,328 shares of the company’s stock after buying an additional 27,754 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.07% of Essential Properties Realty Trust worth $4,291,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EPRT. Vanderbilt University lifted its stake in Essential Properties Realty Trust by 0.9% in the first quarter. Vanderbilt University now owns 36,078 shares of the company’s stock worth $1,095,000 after acquiring an additional 315 shares during the last quarter. Lido Advisors LLC grew its holdings in Essential Properties Realty Trust by 3.7% during the 4th quarter. Lido Advisors LLC now owns 9,714 shares of the company’s stock worth $292,000 after acquiring an additional 346 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Essential Properties Realty Trust by 82.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the last quarter. Signaturefd LLC increased its position in shares of Essential Properties Realty Trust by 11.9% in the 4th quarter. Signaturefd LLC now owns 4,110 shares of the company’s stock valued at $122,000 after purchasing an additional 436 shares during the last quarter. Finally, Danske Bank A S raised its holdings in shares of Essential Properties Realty Trust by 26.3% in the 4th quarter. Danske Bank A S now owns 2,400 shares of the company’s stock valued at $71,000 after purchasing an additional 500 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EPRT shares. Barclays lifted their price objective on shares of Essential Properties Realty Trust from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Scotiabank upgraded Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and cut their price target for the company from $34.00 to $33.00 in a research note on Thursday, June 18th. Weiss Ratings raised Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Wall Street Zen raised Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Mizuho dropped their price objective on 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. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Buy” and an average price target of $36.41.

Essential Properties Realty Trust Trading Up 0.4%

Shares of Essential Properties Realty Trust stock opened at $31.32 on Thursday. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $30.68 and a 200-day simple moving average of $31.29. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.46 and a beta of 0.88. Essential Properties Realty Trust, Inc. has a 12-month low of $28.95 and a 12-month high of $34.73.

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

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 100.79%.

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.