Essential Properties Realty Trust (NYSE:EPRT) Posts Earnings Results, Beats Expectations By $0.17 EPS

Essential Properties Realty Trust (NYSE:EPRT) posted its quarterly earnings data on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.17, Zacks reports. The company had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Essential Properties Realty Trust updated its FY 2026 guidance to 2.010-2.050 EPS.

Essential Properties Realty Trust Stock Performance

Shares of EPRT traded down $0.56 during midday trading on Wednesday, reaching $32.70. The stock had a trading volume of 2,769,450 shares, compared to its average volume of 2,055,687. The firm has a market cap of $7.07 billion, a PE ratio of 25.75, a P/E/G ratio of 2.63 and a beta of 0.88. The firm has a 50 day simple moving average of $30.82 and a 200-day simple moving average of $31.38. Essential Properties Realty Trust has a one year low of $28.95 and a one year high of $34.73. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a $0.32 dividend. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.9%. Essential Properties Realty Trust’s payout ratio is 100.79%.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lido Advisors LLC increased its stake in Essential Properties Realty Trust by 3.7% in the fourth quarter. Lido Advisors LLC now owns 9,714 shares of the company’s stock valued at $292,000 after acquiring an additional 346 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Essential Properties Realty Trust by 1.4% during the second quarter. Lazard Asset Management LLC now owns 43,461 shares of the company’s stock worth $1,386,000 after purchasing an additional 598 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Essential Properties Realty Trust by 7.4% during the second quarter. EP Wealth Advisors LLC now owns 9,144 shares of the company’s stock worth $292,000 after purchasing an additional 632 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Essential Properties Realty Trust by 6.6% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 10,999 shares of the company’s stock valued at $327,000 after purchasing an additional 683 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in shares of Essential Properties Realty Trust by 2.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 29,186 shares of the company’s stock worth $866,000 after buying an additional 701 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Mizuho decreased their target price on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Scotiabank raised shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and cut their price target for the stock from $34.00 to $33.00 in a research report on Thursday, June 18th. Barclays reduced their price objective on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday. Wells Fargo & Company raised their price objective on 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, Stifel Nicolaus lifted their target price 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. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $36.14.

Key Headlines Impacting Essential Properties Realty Trust

Here are the key news stories impacting Essential Properties Realty Trust this week:

• Positive Sentiment: Essential Properties Realty Trust reported second-quarter EPS of $0.34, beating the $0.33 consensus estimate, while revenue of $161.89 million also topped expectations.
• Positive Sentiment: The company said quarterly FFO came in at $0.50 per share, in line with analyst estimates and above the $0.46 per share reported a year ago. Article: Essential Properties (EPRT) Matches Q2 FFO Estimates
• Positive Sentiment: Management raised FY 2026 EPS guidance to $2.01-$2.05, above the prior market expectation of $1.97, which suggests improved confidence in full-year results.
• Neutral Sentiment: Analyst commentary remained constructive overall, with EPRT still carrying a consensus “Buy” rating despite some mixed coverage around the earnings release.
• Negative Sentiment: One report noted that core FFO topped consensus but revenue missed estimates, highlighting that the quarter was not uniformly strong across all metrics. Article: Essential Properties Q2 core FFO tops consensus, but revenue misses
• Negative Sentiment: Barclays lowered its price target on EPRT from $40 to $37, even while maintaining an overweight rating, which may temper some bullish enthusiasm.

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.