Essential Properties Realty Trust, Inc. $EPRT Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 10.1% during the second quarter, HoldingsChannel reports. The firm owned 1,215,578 shares of the company’s stock after selling 136,499 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Essential Properties Realty Trust were worth $38,789,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers acquired a new position in Essential Properties Realty Trust in the first quarter valued at $319,000. HighTower Advisors LLC boosted its stake in Essential Properties Realty Trust by 73.9% in the 1st quarter. HighTower Advisors LLC now owns 23,469 shares of the company’s stock worth $766,000 after buying an additional 9,976 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Essential Properties Realty Trust in the 1st quarter valued at about $314,000. Aberdeen Group plc increased its stake in shares of Essential Properties Realty Trust by 3.9% during the 1st quarter. Aberdeen Group plc now owns 59,744 shares of the company’s stock valued at $1,950,000 after acquiring an additional 2,267 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in shares of Essential Properties Realty Trust by 4.2% during the 1st quarter. Cresset Asset Management LLC now owns 10,609 shares of the company’s stock worth $349,000 after acquiring an additional 426 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EPRT shares. Cantor Fitzgerald boosted their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Scotiabank boosted their price objective on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. Stifel Nicolaus set a $36.00 target price on Essential Properties Realty Trust in a research report on Thursday, October 23rd. Berenberg Bank started coverage on Essential Properties Realty Trust in a report on Monday, October 13th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Mizuho lowered their price target on Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.23.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock opened at $30.75 on Tuesday. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.68. The company has a market cap of $6.09 billion, a PE ratio of 24.80, a P/E/G ratio of 2.21 and a beta of 0.98. The company’s fifty day simple moving average is $30.67 and its 200-day simple moving average is $30.91. Essential Properties Realty Trust, Inc. has a 52 week low of $27.44 and a 52 week high of $33.35.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.38%. The firm had revenue of $144.93 million during the quarter, compared to analysts’ expectations of $140.42 million. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS and its FY 2025 guidance at 1.870-1.890 EPS. As a group, equities research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, December 31st. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 96.77%.

Essential Properties Realty Trust Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.