OVERSEA CHINESE BANKING Corp Ltd Invests $4.11 Million in Essential Properties Realty Trust, Inc. $EPRT

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 137,550 shares of the company’s stock, valued at approximately $4,106,000.

A number of other institutional investors have also recently made changes to their positions in EPRT. EverSource Wealth Advisors LLC increased its stake in Essential Properties Realty Trust by 82.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock worth $27,000 after acquiring an additional 405 shares during the last quarter. First Horizon Corp raised its position in Essential Properties Realty Trust by 146.9% during the fourth quarter. First Horizon Corp now owns 1,131 shares of the company’s stock valued at $34,000 after purchasing an additional 673 shares during the period. Assetmark Inc. lifted its stake in shares of Essential Properties Realty Trust by 47.8% in the 1st quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock valued at $41,000 after purchasing an additional 433 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter valued at approximately $41,000. Finally, 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 worth $47,000 after purchasing an additional 1,382 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Up 0.3%

Shares of NYSE:EPRT opened at $31.18 on Friday. Essential Properties Realty Trust, Inc. has a 1 year low of $28.95 and a 1 year high of $34.73. The business has a 50 day simple moving average of $31.06 and a two-hundred day simple moving average of $31.54. The firm has a market capitalization of $6.74 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 2.51 and a beta of 0.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The firm had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, equities 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. Shareholders 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 annualized dividend and a yield of 4.1%. Essential Properties Realty Trust’s dividend payout ratio is currently 99.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Mizuho cut their target price 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. Barclays lowered their price target on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Stifel Nicolaus lifted their price objective on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Cantor Fitzgerald increased their target price on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $36.20.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $32.22, for a total value of $708,840.00. Following the sale, the chief operating officer owned 34,168 shares in the company, valued at $1,100,892.96. This trade represents a 39.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.77% of the stock is currently owned by insiders.

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.