Resona Asset Management Co. Ltd. Sells 2,702 Shares of Essential Properties Realty Trust, Inc. $EPRT

Resona Asset Management Co. Ltd. decreased its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,179 shares of the company’s stock after selling 2,702 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Essential Properties Realty Trust were worth $2,528,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EPRT. Xponance Inc. lifted its position in shares of Essential Properties Realty Trust by 4.8% during the 1st quarter. Xponance Inc. now owns 14,026 shares of the company’s stock valued at $458,000 after buying an additional 646 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in Essential Properties Realty Trust by 2.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 27,331 shares of the company’s stock valued at $892,000 after acquiring an additional 772 shares during the period. New York State Common Retirement Fund raised its stake in Essential Properties Realty Trust by 1.8% in the 1st quarter. New York State Common Retirement Fund now owns 55,595 shares of the company’s stock valued at $1,815,000 after acquiring an additional 979 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Essential Properties Realty Trust by 4.2% during the first quarter. Louisiana State Employees Retirement System now owns 88,400 shares of the company’s stock valued at $2,885,000 after purchasing an additional 3,600 shares during the last quarter. Finally, MQS Management LLC bought a new position in Essential Properties Realty Trust during the first quarter worth about $496,000. 96.98% of the stock is owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Price Performance

NYSE:EPRT opened at $30.62 on Tuesday. Essential Properties Realty Trust, Inc. has a 52-week low of $27.44 and a 52-week high of $34.88. The stock has a fifty day moving average of $30.15 and a 200 day moving average of $31.07. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.66 and a current ratio of 5.66. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 2.21 and a beta of 1.10.

Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, October 22nd. The company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $136.54 million for the quarter, compared to analyst estimates of $140.42 million. Essential Properties Realty Trust had a return on equity of 6.38% and a net margin of 45.25%.The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS. FY 2025 guidance at 1.870-1.890 EPS. On average, research analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 96.77%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EPRT shares. Cantor Fitzgerald boosted their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Stifel Nicolaus set a $36.00 price objective on shares of Essential Properties Realty Trust in a research note on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Essential Properties Realty Trust in a research report on Friday, October 31st. Barclays reduced their price target on Essential Properties Realty Trust from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Finally, UBS Group boosted their price objective on Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Essential Properties Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.46.

Essential Properties Realty Trust Company 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.