First National Bank of Omaha Acquires Shares of 105,461 Essential Properties Realty Trust, Inc. $EPRT

First National Bank of Omaha bought a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 105,461 shares of the company’s stock, valued at approximately $3,148,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Essential Properties Realty Trust during the 2nd quarter worth about $1,183,153,000. Deutsche Bank AG bought a new stake in Essential Properties Realty Trust during the second quarter worth about $11,561,000. Pursue Wealth Partners LLC bought a new stake in Essential Properties Realty Trust during the second quarter worth about $315,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Essential Properties Realty Trust during the second quarter worth approximately $5,538,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Essential Properties Realty Trust during the second quarter worth approximately $41,000. Institutional investors own 96.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EPRT. Weiss Ratings upgraded shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Wall Street Zen upgraded Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Stifel Nicolaus raised their price objective on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Wells Fargo & Company raised their price target 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. Finally, Mizuho reduced their target price 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 analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $36.20.

Essential Properties Realty Trust Stock Performance

Shares of NYSE EPRT opened at $30.82 on Wednesday. The company has a market capitalization of $6.66 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.51 and a beta of 0.86. The stock has a 50 day moving average of $31.04 and a 200-day moving average of $31.53. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65. 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 issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The firm had revenue of $161.89 million for the quarter, compared to analyst estimates of $156.65 million. During the same period in the prior year, the firm posted $0.46 EPS. The company’s revenue for the quarter 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. As a group, equities research analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 4.2%. Essential Properties Realty Trust’s payout ratio is presently 99.22%.

Insider Activity

In related news, COO Robert M. Jenkins sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $32.22, for a total transaction of $708,840.00. Following the completion of the transaction, the chief operating officer directly owned 34,168 shares in the company, valued at $1,100,892.96. This represents a 39.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.77% of the company’s stock.

About Essential Properties Realty Trust

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.