Essential Properties Realty Trust (NYSE:EPRT) Issues Earnings Results

Essential Properties Realty Trust (NYSE:EPRT) released its quarterly earnings results on Wednesday. The company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48, Zacks reports. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.The company had revenue of $136.54 million during the quarter, compared to analysts’ expectations of $140.42 million. During the same period last year, the business posted $0.43 earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year. Essential Properties Realty Trust updated its FY 2026 guidance to 1.980-2.040 EPS and its FY 2025 guidance to 1.870-1.890 EPS.

Essential Properties Realty Trust Stock Down 0.7%

Essential Properties Realty Trust stock opened at $31.41 on Thursday. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. Essential Properties Realty Trust has a 52 week low of $27.44 and a 52 week high of $34.88. The business’s 50-day moving average price is $30.31 and its 200 day moving average price is $31.12. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60.

Essential Properties Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 101.69%.

Analysts Set New Price Targets

EPRT has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Essential Properties Realty Trust in a research note on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on Essential Properties Realty Trust in a report on Wednesday, October 1st. They issued an “overweight” rating and a $35.00 price objective on the stock. Evercore ISI raised Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $34.00 to $36.00 in a report on Monday, September 15th. Mizuho cut their price objective on Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, September 11th. Finally, Stifel Nicolaus cut their price objective on Essential Properties Realty Trust from $36.00 to $35.50 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $35.23.

Institutional Trading of Essential Properties Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of EPRT. Royal Bank of Canada grew its holdings in Essential Properties Realty Trust by 159.4% during the first quarter. Royal Bank of Canada now owns 74,147 shares of the company’s stock worth $2,420,000 after acquiring an additional 45,561 shares during the period. AQR Capital Management LLC grew its holdings in Essential Properties Realty Trust by 21.8% during the first quarter. AQR Capital Management LLC now owns 22,244 shares of the company’s stock worth $726,000 after acquiring an additional 3,981 shares during the period. Goldman Sachs Group Inc. grew its holdings in Essential Properties Realty Trust by 16.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company’s stock worth $45,279,000 after acquiring an additional 195,057 shares during the period. Jane Street Group LLC acquired a new stake in Essential Properties Realty Trust during the first quarter worth about $2,350,000. Finally, First Trust Advisors LP grew its holdings in Essential Properties Realty Trust by 28.4% during the second quarter. First Trust Advisors LP now owns 145,784 shares of the company’s stock worth $4,652,000 after acquiring an additional 32,254 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

About Essential Properties Realty Trust

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.