Essential Properties Realty Trust (NYSE:EPRT) Updates FY 2026 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.010-2.050 for the period, compared to the consensus EPS estimate of 1.970. The company issued revenue guidance of -.

Essential Properties Realty Trust Trading Down 1.7%

Shares of NYSE:EPRT traded down $0.56 during trading on Wednesday, reaching $32.70. 2,753,743 shares of the stock were exchanged, compared to its average volume of 2,055,554. 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 has a 12-month low of $28.95 and a 12-month high of $34.73. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 2.63 and a beta of 0.88. The firm’s 50-day moving average price is $30.82 and its 200 day moving average price is $31.38.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.05). Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. The business had revenue of $158.80 million during the quarter, compared to analysts’ expectations of $151.87 million. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was up 22.8% on a year-over-year basis. On average, sell-side analysts anticipate that Essential Properties Realty Trust will post 1.97 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced 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 of this dividend was Tuesday, June 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. Essential Properties Realty Trust’s payout ratio is 100.79%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EPRT. Barclays reduced their target price on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday. Mizuho cut 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 report on Wednesday, May 13th. Wall Street Zen upgraded Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Scotiabank raised Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and decreased their target price for the stock from $34.00 to $33.00 in a research report on Thursday, June 18th. Finally, Weiss Ratings upgraded Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $36.14.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EPRT. State Street Corp grew its stake in Essential Properties Realty Trust by 8.2% during the 2nd quarter. State Street Corp now owns 11,131,871 shares of the company’s stock valued at $358,488,000 after purchasing an additional 843,877 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Essential Properties Realty Trust by 5.7% in the 4th quarter. Wellington Management Group LLP now owns 7,844,570 shares of the company’s stock valued at $232,670,000 after purchasing an additional 421,364 shares in the last quarter. Morgan Stanley boosted its stake in shares of Essential Properties Realty Trust by 5.0% during the 4th quarter. Morgan Stanley now owns 5,121,515 shares of the company’s stock valued at $151,904,000 after buying an additional 243,576 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Essential Properties Realty Trust by 195.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 3,970,789 shares of the company’s stock valued at $118,171,000 after buying an additional 2,626,478 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Essential Properties Realty Trust by 12.2% during the fourth quarter. Deutsche Bank AG now owns 3,639,491 shares of the company’s stock worth $107,947,000 after buying an additional 396,404 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

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.