State of Alaska Department of Revenue Sells 17,745 Shares of Essential Properties Realty Trust, Inc. $EPRT

State of Alaska Department of Revenue lessened its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,004 shares of the company’s stock after selling 17,745 shares during the quarter. State of Alaska Department of Revenue’s holdings in Essential Properties Realty Trust were worth $5,832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Essential Properties Realty Trust in the second quarter valued at approximately $84,188,000. Cbre Investment Management Listed Real Assets LLC acquired a new position in Essential Properties Realty Trust during the 2nd quarter worth $37,828,000. State Street Corp boosted its position in Essential Properties Realty Trust by 8.2% in the 2nd quarter. State Street Corp now owns 11,131,871 shares of the company’s stock valued at $358,488,000 after buying an additional 843,877 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Essential Properties Realty Trust by 104.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 860,497 shares of the company’s stock valued at $27,458,000 after buying an additional 439,059 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Essential Properties Realty Trust by 9.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,155,085 shares of the company’s stock valued at $164,517,000 after buying an additional 435,971 shares during the period. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Price Performance

Essential Properties Realty Trust stock opened at $29.48 on Friday. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $5.84 billion, a P/E ratio of 23.77, a PEG ratio of 1.97 and a beta of 0.99. The business has a 50-day moving average of $30.49 and a 200-day moving average of $30.57. Essential Properties Realty Trust, Inc. has a 1 year low of $27.44 and a 1 year high of $33.35.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.38%. The business had revenue of $144.93 million for the quarter, compared to analyst estimates of $140.42 million. During the same quarter last year, the firm 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 and its FY 2025 guidance at 1.870-1.890 EPS. On average, equities analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be given a $0.31 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. Essential Properties Realty Trust’s dividend payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EPRT shares. Mizuho raised their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Evercore ISI cut their target price on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Stifel Nicolaus set a $36.00 price target on shares of Essential Properties Realty Trust in a research report on Thursday, October 23rd. Scotiabank boosted their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Essential Properties Realty Trust in a research note on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $35.32.

Essential Properties Realty Trust Company 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.