SummitTX Capital L.P. Boosts Position in Essential Properties Realty Trust, Inc. $EPRT

SummitTX Capital L.P. raised its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 15.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,910 shares of the company’s stock after buying an additional 60,993 shares during the period. SummitTX Capital L.P.’s holdings in Essential Properties Realty Trust were worth $13,477,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP lifted its holdings in shares of Essential Properties Realty Trust by 239.0% during the 1st quarter. Entropy Technologies LP now owns 27,004 shares of the company’s stock valued at $820,000 after acquiring an additional 19,038 shares in the last quarter. Inceptionr LLC purchased a new stake in Essential Properties Realty Trust during the 1st quarter worth $294,000. Mizuho Markets Americas LLC acquired a new stake in Essential Properties Realty Trust in the 1st quarter valued at $847,000. Sei Investments Co. increased its holdings in Essential Properties Realty Trust by 157.3% in the 1st quarter. Sei Investments Co. now owns 1,323,745 shares of the company’s stock valued at $40,189,000 after purchasing an additional 809,367 shares in the last quarter. Finally, Lido Advisors LLC raised its position in Essential Properties Realty Trust by 17.3% in the first quarter. Lido Advisors LLC now owns 11,398 shares of the company’s stock valued at $350,000 after purchasing an additional 1,684 shares during the period. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen upgraded Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Barclays dropped their target price on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Mizuho reduced their price target 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. Stifel Nicolaus upped their price target on Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a report on Thursday. Finally, Weiss Ratings raised shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $36.11.

Essential Properties Realty Trust Stock Down 0.0%

EPRT stock opened at $32.34 on Monday. 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 firm has a 50 day simple moving average of $30.94 and a 200-day simple moving average of $31.44. The company has a market capitalization of $6.99 billion, a P/E ratio of 25.07, a PEG ratio of 2.55 and a beta of 0.88. Essential Properties Realty Trust, Inc. has a twelve month low of $28.95 and a twelve month high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The firm had revenue of $161.89 million for the quarter, compared to analysts’ expectations of $156.65 million. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s quarterly revenue 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 research analysts predict that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

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

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.