Essential Properties Realty Trust, Inc. $EPRT Stake Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

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

Essential Properties Realty Trust Trading Up 0.4%

NYSE EPRT opened at $30.46 on Thursday. The firm’s 50 day moving average price is $31.02 and its two-hundred day moving average price is $31.23. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.12 and a current ratio of 5.12. Essential Properties Realty Trust, Inc. has a twelve month low of $28.95 and a twelve month high of $34.73. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 2.39 and a beta of 0.88.

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

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 4.2%. 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 currently 97.64%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Essential Properties Realty Trust from $36.00 to $36.50 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Raymond James Financial raised Essential Properties Realty Trust from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $35.00 to $37.00 in a research note on Tuesday, March 17th. Barclays lifted their target price on Essential Properties Realty Trust from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Scotiabank raised Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and cut their target price for the stock from $34.00 to $33.00 in a research report on Thursday, June 18th. Finally, Wall Street Zen raised Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given 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 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.