Essential Properties Realty Trust, Inc. $EPRT Stock: State of Alaska Department of Revenue Decreases Stake

State of Alaska Department of Revenue cut its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 12.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 175,165 shares of the company’s stock after selling 25,935 shares during the quarter. State of Alaska Department of Revenue’s holdings in Essential Properties Realty Trust were worth $4,518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Essential Properties Realty Trust during the 2nd quarter worth approximately $5,538,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Essential Properties Realty Trust during the 2nd quarter worth approximately $7,629,000. Adelante Capital Management LLC bought a new position in shares of Essential Properties Realty Trust during the 2nd quarter worth approximately $16,406,000. Readystate Asset Management LP acquired a new stake in shares of Essential Properties Realty Trust in the second quarter valued at approximately $4,603,000. Finally, Legal & General Group Plc acquired a new stake in shares of Essential Properties Realty Trust in the second quarter valued at approximately $39,459,000. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Up 0.7%

NYSE EPRT traded up $0.17 during trading hours on Friday, hitting $26.13. 3,815,441 shares of the company traded hands, compared to its average volume of 2,713,584. The business’s 50-day moving average is $28.29 and its 200-day moving average is $30.19. Essential Properties Realty Trust, Inc. has a twelve month low of $24.62 and a twelve month high of $34.73. The company has a debt-to-equity ratio of 0.65, a quick ratio of 8.17 and a current ratio of 8.17. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 2.12 and a beta of 0.82.

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

Essential Properties Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 99.22%.

Insider Buying and Selling at Essential Properties Realty Trust

In related news, COO Robert M. Jenkins sold 22,000 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $32.22, for a total value of $708,840.00. Following the completion of the transaction, the chief operating officer directly owned 34,168 shares of the company’s stock, valued at approximately $1,100,892.96. This trade represents a 39.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on EPRT shares. Stifel Nicolaus boosted their price objective on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Scotiabank decreased their target price on shares of Essential Properties Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Barclays decreased their target price on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings lowered shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Finally, Truist Financial started coverage on shares of Essential Properties Realty Trust in a research note on Thursday, October 1st. They issued a “buy” rating and a $31.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $35.12.

Essential Properties Realty Trust Profile

Essential Properties Realty Trust, Inc is a real estate investment trust that owns and manages a diversified portfolio of single-tenant commercial properties. The company generally leases its properties to businesses under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Essential Properties focuses primarily on service-oriented and experience-based businesses, including automotive services, health and fitness, medical and dental services, restaurants, early childhood education and other businesses that are often less suited to traditional retail real estate.