Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stake in Essential Properties Realty Trust, Inc. $EPRT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 12.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 114,426 shares of the company’s stock after acquiring an additional 12,772 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Essential Properties Realty Trust were worth $3,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Essential Properties Realty Trust by 3.2% in the first quarter. Vanguard Group Inc. now owns 27,966,449 shares of the company’s stock worth $912,825,000 after acquiring an additional 870,486 shares in the last quarter. Wellington Management Group LLP increased its holdings in Essential Properties Realty Trust by 0.6% in the first quarter. Wellington Management Group LLP now owns 8,511,088 shares of the company’s stock valued at $277,802,000 after buying an additional 48,904 shares during the last quarter. Invesco Ltd. raised its stake 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 valued at $230,504,000 after buying an additional 2,410,278 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Essential Properties Realty Trust by 9.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,155,085 shares of the company’s stock worth $164,517,000 after buying an additional 435,971 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Essential Properties Realty Trust by 0.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,962,740 shares of the company’s stock worth $161,984,000 after acquiring an additional 41,230 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Trading Up 0.4%

NYSE:EPRT opened at $30.88 on Wednesday. The firm has a market capitalization of $6.12 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.66 and a quick ratio of 5.66. Essential Properties Realty Trust, Inc. has a 12 month low of $27.44 and a 12 month high of $34.88. The business’s 50-day moving average is $30.18 and its two-hundred day moving average is $31.03.

Essential Properties Realty Trust (NYSE:EPRT) last released its 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. The company had revenue of $144.93 million during the quarter, compared to the consensus estimate of $140.42 million. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.38%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. 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. Research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 96.77%.

Analyst Ratings Changes

Several analysts have recently weighed in on EPRT shares. Stifel Nicolaus set a $36.00 price objective on shares of Essential Properties Realty Trust in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Essential Properties Realty Trust in a research note on Friday, October 31st. Cantor Fitzgerald raised their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, October 24th. UBS Group boosted their price objective on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Finally, Berenberg Bank initiated coverage on Essential Properties Realty Trust in a report on Monday, October 13th. They issued a “buy” rating and a $36.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.46.

Essential Properties Realty Trust Profile

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.