Moran Wealth Management LLC Sells 16,610 Shares of Essential Properties Realty Trust, Inc. $EPRT

Moran Wealth Management LLC lowered its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 31.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,706 shares of the company’s stock after selling 16,610 shares during the quarter. Moran Wealth Management LLC’s holdings in Essential Properties Realty Trust were worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Essential Properties Realty Trust by 82.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock worth $27,000 after purchasing an additional 405 shares in the last quarter. First Horizon Corp boosted its holdings in shares of Essential Properties Realty Trust by 146.9% in the 4th quarter. First Horizon Corp now owns 1,131 shares of the company’s stock valued at $34,000 after buying an additional 673 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Essential Properties Realty Trust by 664.4% in the 4th quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock valued at $47,000 after buying an additional 1,382 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Essential Properties Realty Trust by 273.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock worth $48,000 after buying an additional 1,182 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Essential Properties Realty Trust by 1,009.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,730 shares of the company’s stock worth $51,000 after buying an additional 1,574 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Performance

EPRT stock traded up $0.74 during trading on Tuesday, reaching $31.62. The company had a trading volume of 60,612 shares, compared to its average volume of 2,085,543. The firm has a 50-day simple moving average of $30.69 and a 200-day simple moving average of $31.23. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 2.46 and a beta of 0.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.12 and a current ratio of 5.12. Essential Properties Realty Trust, Inc. has a twelve month low of $28.95 and a twelve month high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). The company had revenue of $158.80 million for the quarter, compared to analyst estimates of $151.87 million. Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. As a group, sell-side analysts expect that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. Essential Properties Realty Trust’s payout ratio is currently 100.79%.

Analyst Ratings Changes

A number of research firms recently commented on EPRT. Raymond James Financial raised shares of Essential Properties Realty Trust from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $35.00 to $37.00 in a research report on Tuesday, March 17th. Mizuho cut their price target on shares of 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. Barclays upped their price target on Essential Properties Realty Trust from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings lowered Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 17th. Finally, Stifel Nicolaus raised their price objective on Essential Properties Realty Trust from $36.00 to $36.50 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $36.41.

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.