Essential Properties Realty Trust, Inc. $EPRT Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 24.4% during the first quarter, HoldingsChannel.com reports. The fund owned 141,328 shares of the company’s stock after purchasing an additional 27,754 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Essential Properties Realty Trust were worth $4,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of EPRT. Royal Bank of Canada raised its position in Essential Properties Realty Trust by 159.4% in the 1st quarter. Royal Bank of Canada now owns 74,147 shares of the company’s stock valued at $2,420,000 after purchasing an additional 45,561 shares during the last quarter. AQR Capital Management LLC grew its position in Essential Properties Realty Trust by 21.8% during the 1st quarter. AQR Capital Management LLC now owns 22,244 shares of the company’s stock worth $726,000 after purchasing an additional 3,981 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Essential Properties Realty Trust by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company’s stock valued at $45,279,000 after purchasing an additional 195,057 shares during the period. Jane Street Group LLC acquired a new position in Essential Properties Realty Trust in the first quarter valued at $2,350,000. Finally, First Trust Advisors LP raised its holdings in shares of Essential Properties Realty Trust by 28.4% in the second quarter. First Trust Advisors LP now owns 145,784 shares of the company’s stock valued at $4,652,000 after buying an additional 32,254 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Essential Properties Realty Trust Stock Up 0.4%

Shares of Essential Properties Realty Trust stock opened at $31.32 on Thursday. The company has a market cap of $6.77 billion, a P/E ratio of 24.66, a PEG ratio of 2.46 and a beta of 0.88. 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, Inc. has a one year low of $28.95 and a one year high of $34.73. The firm has a fifty day moving average of $30.68 and a two-hundred day moving average of $31.29.

Essential Properties Realty Trust (NYSE:EPRT) last released its 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). The firm had revenue of $158.80 million during the quarter, compared to analyst estimates of $151.87 million. Essential Properties Realty Trust had a return on equity of 6.30% and a net margin of 43.46%.The firm’s revenue was up 22.8% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. On average, analysts forecast that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a $0.32 dividend. The ex-dividend date was Tuesday, June 30th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 4.1%. Essential Properties Realty Trust’s payout ratio is 100.79%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EPRT. Stifel Nicolaus increased their target price on shares of Essential Properties Realty Trust from $36.00 to $36.50 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Wells Fargo & Company boosted their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Weiss Ratings raised Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Mizuho decreased their price objective on 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. Finally, Wall Street Zen upgraded Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $36.41.

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.