Y Intercept Hong Kong Ltd Sells 107,647 Shares of Essential Properties Realty Trust, Inc. $EPRT

Y Intercept Hong Kong Ltd lowered its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 88.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,711 shares of the company’s stock after selling 107,647 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Essential Properties Realty Trust were worth $447,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EPRT. Cohen & Steers Inc. lifted its stake in Essential Properties Realty Trust by 111.6% in the fourth quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company’s stock valued at $552,031,000 after purchasing an additional 9,816,042 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Essential Properties Realty Trust by 1,930,360.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,737,308 shares of the company’s stock worth $199,829,000 after buying an additional 6,736,959 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Essential Properties Realty Trust by 4,681.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,997,593 shares of the company’s stock worth $118,569,000 after buying an additional 3,913,986 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Essential Properties Realty Trust by 195.4% in the third quarter. Balyasny Asset Management L.P. now owns 3,970,789 shares of the company’s stock worth $118,171,000 after buying an additional 2,626,478 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Essential Properties Realty Trust in the fourth quarter valued at $68,467,000. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $31.18 on Wednesday. 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 fifty-two week low of $28.95 and a fifty-two week high of $34.73. The stock has a market cap of $6.74 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88. The stock has a fifty day moving average of $30.68 and a 200-day moving average of $31.27.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data 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). Essential Properties Realty Trust had a return on equity of 6.30% and a net margin of 43.46%.The company had revenue of $158.80 million for the quarter, compared to analysts’ expectations of $151.87 million. During the same period last year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. Equities research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.32 per share. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, June 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 100.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EPRT. Stifel Nicolaus upped their price target on Essential Properties Realty Trust from $36.00 to $36.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Wall Street Zen raised Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Mizuho lowered their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Wells Fargo & Company upped their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Barclays upped their price objective on shares of Essential Properties Realty Trust from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $36.41.

Essential Properties Realty Trust 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.