Cbre Investment Management Listed Real Assets LLC Takes Position in Essential Properties Realty Trust, Inc. $EPRT

Cbre Investment Management Listed Real Assets LLC acquired a new position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,185,456 shares of the company’s stock, valued at approximately $37,828,000. Cbre Investment Management Listed Real Assets LLC owned about 0.60% of Essential Properties Realty Trust at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in Essential Properties Realty Trust by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,778 shares of the company’s stock worth $352,000 after acquiring an additional 419 shares during the period. Cresset Asset Management LLC grew its position in shares of Essential Properties Realty Trust by 4.2% in the first quarter. Cresset Asset Management LLC now owns 10,609 shares of the company’s stock valued at $349,000 after purchasing an additional 426 shares during the last quarter. Fortis Capital Advisors LLC grew its position in shares of Essential Properties Realty Trust by 3.2% in the second quarter. Fortis Capital Advisors LLC now owns 18,558 shares of the company’s stock valued at $592,000 after purchasing an additional 572 shares during the last quarter. Belpointe Asset Management LLC increased its stake in shares of Essential Properties Realty Trust by 3.2% in the second quarter. Belpointe Asset Management LLC now owns 18,558 shares of the company’s stock worth $592,000 after purchasing an additional 572 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Essential Properties Realty Trust by 5.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,479 shares of the company’s stock worth $398,000 after purchasing an additional 618 shares during the last quarter. 96.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EPRT has been the topic of a number of research analyst reports. Stifel Nicolaus set a $36.00 target price on Essential Properties Realty Trust in a report on Thursday, October 23rd. Cantor Fitzgerald increased their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Evercore ISI upgraded shares of Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $36.00 in a research note on Monday, September 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Essential Properties Realty Trust in a research note on Friday, October 31st. Finally, UBS Group increased their price target on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, August 15th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.46.

Essential Properties Realty Trust Stock Performance

EPRT opened at $29.84 on Friday. The stock’s 50 day simple moving average is $30.18 and its 200-day simple moving average is $31.10. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.68. The stock has a market cap of $5.91 billion, a PE ratio of 24.06, a P/E/G ratio of 2.15 and a beta of 1.10. Essential Properties Realty Trust, Inc. has a 1 year low of $27.44 and a 1 year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $136.54 million for the quarter, compared to the consensus estimate of $140.42 million. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.38%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS. FY 2025 guidance at 1.870-1.890 EPS. Sell-side analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. Essential Properties Realty Trust’s payout ratio is presently 96.77%.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.