Essential Properties Realty Trust, Inc. $EPRT Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 12.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,165 shares of the company’s stock after selling 25,935 shares during the quarter. State of Alaska Department of Revenue owned about 0.08% of Essential Properties Realty Trust worth $4,518,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanderbilt University increased its stake in Essential Properties Realty Trust by 0.9% in the first quarter. Vanderbilt University now owns 36,078 shares of the company’s stock valued at $1,095,000 after purchasing an additional 315 shares in the last quarter. Assetmark Inc. boosted its position in shares of Essential Properties Realty Trust by 47.8% during the first quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock worth $41,000 after purchasing an additional 433 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Essential Properties Realty Trust by 21.1% during the second quarter. Parkside Financial Bank & Trust now owns 2,740 shares of the company’s stock worth $82,000 after purchasing an additional 478 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Essential Properties Realty Trust by 0.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 95,649 shares of the company’s stock valued at $2,904,000 after buying an additional 530 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Essential Properties Realty Trust by 79.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,612 shares of the company’s stock valued at $49,000 after buying an additional 713 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Insider Buying and Selling

In related news, COO Robert M. Jenkins sold 22,000 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $32.22, for a total value of $708,840.00. Following the completion of the transaction, the chief operating officer directly owned 34,168 shares of the company’s stock, valued at approximately $1,100,892.96. This represents a 39.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EPRT shares. Cantor Fitzgerald upped their price objective on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Mizuho reduced their target price on Essential Properties Realty Trust from $34.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. Evercore reiterated an “outperform” rating and set a $37.00 target price on shares of Essential Properties Realty Trust in a report on Monday, September 21st. Scotiabank decreased their target price on Essential Properties Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Finally, 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 report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $35.12.

Essential Properties Realty Trust Stock Up 0.7%

EPRT traded up $0.17 during trading on Friday, reaching $26.13. The company had a trading volume of 3,815,441 shares, compared to its average volume of 2,713,584. 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, Inc. has a 12 month low of $24.62 and a 12 month high of $34.73. The business’s fifty day moving average price is $28.29 and its 200 day moving average price is $30.19. The company has a market cap of $5.65 billion, a P/E ratio of 20.26, a PEG ratio of 2.12 and a beta of 0.82.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share 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 company had revenue of $161.89 million during the quarter, compared to analysts’ expectations of $156.65 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Equities analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Essential Properties Realty Trust’s payout ratio is currently 99.22%.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc is a real estate investment trust that owns and manages a diversified portfolio of single-tenant commercial properties. The company generally leases its properties to businesses under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Essential Properties focuses primarily on service-oriented and experience-based businesses, including automotive services, health and fitness, medical and dental services, restaurants, early childhood education and other businesses that are often less suited to traditional retail real estate.