Essential Properties Realty Trust, Inc. $EPRT Stake Boosted by Sei Investments Co.

Sei Investments Co. lifted its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 157.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,323,745 shares of the company’s stock after acquiring an additional 809,367 shares during the period. Sei Investments Co. owned about 0.61% of Essential Properties Realty Trust worth $40,189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPRT. Massachusetts Financial Services Co. MA lifted its stake in Essential Properties Realty Trust by 59.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,803,496 shares of the company’s stock worth $112,812,000 after acquiring an additional 1,425,082 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Essential Properties Realty Trust by 14.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 975,355 shares of the company’s stock valued at $29,051,000 after acquiring an additional 126,372 shares in the last quarter. Strs Ohio increased its holdings in shares of Essential Properties Realty Trust by 28.0% in the 4th quarter. Strs Ohio now owns 719,600 shares of the company’s stock valued at $21,343,000 after purchasing an additional 157,600 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Essential Properties Realty Trust by 1,930,360.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,737,308 shares of the company’s stock valued at $199,829,000 after purchasing an additional 6,736,959 shares during the period. Finally, Cohen & Steers Inc. lifted its position in shares of 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 worth $552,031,000 after purchasing an additional 9,816,042 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Stifel Nicolaus boosted their target price on Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday. Scotiabank upgraded Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and reduced their price target for the company from $34.00 to $33.00 in a report on Thursday, June 18th. Weiss Ratings raised Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Barclays cut their price objective on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Finally, 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. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat.com, Essential Properties Realty Trust currently has an average rating of “Buy” and a consensus price target of $36.11.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $32.34 on Monday. Essential Properties Realty Trust, Inc. has a 1 year low of $28.95 and a 1 year high of $34.73. The company has a fifty day simple moving average of $30.94 and a 200 day simple moving average of $31.44. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65. The company has a market cap of $6.99 billion, a P/E ratio of 25.07, a P/E/G ratio of 2.55 and a beta of 0.88.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, July 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm 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 43.51% and a return on equity of 6.34%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, sell-side analysts predict that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a $0.32 dividend. The ex-dividend date was Tuesday, June 30th. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.0%. Essential Properties Realty Trust’s dividend payout ratio is presently 99.22%.

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.