Sumitomo Mitsui Trust Group Inc. Reduces Holdings in Essential Properties Realty Trust, Inc. $EPRT

Sumitomo Mitsui Trust Group Inc. lowered its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 14.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 216,078 shares of the company’s stock after selling 35,515 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.11% of Essential Properties Realty Trust worth $6,895,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth about $44,000. Headlands Technologies LLC bought a new stake in shares of Essential Properties Realty Trust in the 1st quarter worth about $80,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Essential Properties Realty Trust in the 1st quarter worth about $92,000. Finally, Archer Investment Corp bought a new stake in shares of Essential Properties Realty Trust in the 1st quarter worth about $119,000. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $30.17 on Thursday. Essential Properties Realty Trust, Inc. has a 52 week low of $27.44 and a 52 week high of $34.88. 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 stock has a market cap of $5.98 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. The company has a 50-day moving average price of $30.34 and a two-hundred day moving average price of $31.18.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, October 22nd. The company reported $0.48 EPS for the quarter, hitting the consensus estimate 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 $136.54 million during the quarter, compared to analysts’ expectations of $140.42 million. During the same quarter in the prior year, the firm earned $0.43 EPS. Essential Properties Realty Trust’s quarterly 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. FY 2025 guidance at 1.870-1.890 EPS. Analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is 96.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Essential Properties Realty Trust in a research report on Wednesday, October 8th. Berenberg Bank initiated coverage on shares of Essential Properties Realty Trust in a report on Monday, October 13th. They issued a “buy” rating and a $36.00 price target for the company. UBS Group boosted their price objective on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Barclays lowered their price objective on shares of 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, Cantor Fitzgerald boosted their price objective 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. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.35.

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.