Strs Ohio Raises Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT

Strs Ohio grew its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 14.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 37,500 shares of the company’s stock after buying an additional 4,700 shares during the period. Strs Ohio’s holdings in Essential Properties Realty Trust were worth $1,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPRT. Invesco Ltd. increased its position in Essential Properties Realty Trust by 51.8% in the first quarter. Invesco Ltd. now owns 7,062,006 shares of the company’s stock worth $230,504,000 after buying an additional 2,410,278 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Essential Properties Realty Trust during the first quarter worth about $59,546,000. Alyeska Investment Group L.P. grew its position in shares of Essential Properties Realty Trust by 66.1% during the first quarter. Alyeska Investment Group L.P. now owns 2,959,948 shares of the company’s stock worth $96,613,000 after purchasing an additional 1,178,238 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Essential Properties Realty Trust during the first quarter worth about $37,224,000. Finally, Vanguard Group Inc. grew its position in shares of Essential Properties Realty Trust by 3.2% during the first quarter. Vanguard Group Inc. now owns 27,966,449 shares of the company’s stock worth $912,825,000 after purchasing an additional 870,486 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Wall Street Analysts Forecast Growth

EPRT has been the subject of a number of research reports. UBS Group increased their price target on Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Mizuho dropped their price target on Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Essential Properties Realty Trust in a research note on Friday, October 31st. Evercore ISI raised Essential Properties Realty Trust from an “in-line” rating to an “outperform” rating and increased their price target for the company from $34.00 to $36.00 in a research note on Monday, September 15th. Finally, Barclays dropped their price target on Essential Properties Realty Trust from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $35.46.

Essential Properties Realty Trust Price Performance

Shares of EPRT stock opened at $29.64 on Thursday. Essential Properties Realty Trust, Inc. has a 52-week low of $27.44 and a 52-week high of $34.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.66 and a current ratio of 5.66. The firm has a market capitalization of $5.87 billion, a P/E ratio of 23.90, a P/E/G ratio of 2.14 and a beta of 1.10. The stock has a 50 day moving average price of $30.20 and a 200 day moving average price of $31.11.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Essential Properties Realty Trust had a return on equity of 6.38% and a net margin of 45.25%.The firm had revenue of $136.54 million during the quarter, compared to analyst estimates of $140.42 million. During the same period last year, the company earned $0.43 EPS. Essential Properties Realty Trust’s quarterly revenue was up 23.7% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders 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 4.0%. The ex-dividend date was Tuesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 96.77%.

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.