Essential Properties Realty Trust (NYSE:EPRT) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Essential Properties Realty Trust (NYSE:EPRT) posted its quarterly earnings data on Wednesday. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01, FiscalAI reports. The firm had revenue of $161.89 million during the quarter, compared to analyst estimates of $156.65 million. Essential Properties Realty Trust had a return on equity of 6.45% and a net margin of 43.51%.The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. Essential Properties Realty Trust updated its FY 2026 guidance to 2.010-2.050 EPS.

Essential Properties Realty Trust Trading Down 1.6%

Shares of Essential Properties Realty Trust stock opened at $32.13 on Friday. 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 has a 52 week low of $28.95 and a 52 week high of $34.73. The stock has a 50 day moving average price of $30.90 and a two-hundred day moving average price of $31.42. The stock has a market capitalization of $6.95 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 2.58 and a beta of 0.88.

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued 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 annualized dividend and a yield of 4.0%. Essential Properties Realty Trust’s dividend payout ratio is currently 100.79%.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of large investors have recently modified their holdings of EPRT. State Street Corp lifted its stake in shares of Essential Properties Realty Trust by 8.2% in the second quarter. State Street Corp now owns 11,131,871 shares of the company’s stock valued at $358,488,000 after buying an additional 843,877 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Essential Properties Realty Trust by 5.7% during the fourth quarter. Wellington Management Group LLP now owns 7,844,570 shares of the company’s stock worth $232,670,000 after acquiring an additional 421,364 shares in the last quarter. Morgan Stanley increased its position in shares of Essential Properties Realty Trust by 5.0% during the fourth quarter. Morgan Stanley now owns 5,121,515 shares of the company’s stock worth $151,904,000 after acquiring an additional 243,576 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Essential Properties Realty Trust by 195.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 3,970,789 shares of the company’s stock valued at $118,171,000 after acquiring an additional 2,626,478 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Essential Properties Realty Trust by 12.2% during the 4th quarter. Deutsche Bank AG now owns 3,639,491 shares of the company’s stock valued at $107,947,000 after purchasing an additional 396,404 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EPRT has been the subject of several recent analyst reports. Scotiabank raised Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and decreased their target price for the stock from $34.00 to $33.00 in a research note on Thursday, June 18th. Weiss Ratings upgraded Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 13th. Barclays reduced their price objective on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday. Mizuho lowered their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus increased their target price on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $36.11.

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.