Ethic Inc. Has $263,000 Holdings in Essential Properties Realty Trust, Inc. $EPRT

Ethic Inc. increased its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,230 shares of the company’s stock after buying an additional 1,175 shares during the period. Ethic Inc.’s holdings in Essential Properties Realty Trust were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. KBC Group NV raised its position in shares of Essential Properties Realty Trust by 4.3% in the first quarter. KBC Group NV now owns 8,085 shares of the company’s stock valued at $264,000 after buying an additional 335 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Essential Properties Realty Trust by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 10,778 shares of the company’s stock valued at $352,000 after buying an additional 419 shares in the last quarter. Cresset Asset Management LLC raised its position in shares of Essential Properties Realty Trust by 4.2% in the first quarter. Cresset Asset Management LLC now owns 10,609 shares of the company’s stock valued at $349,000 after buying an additional 426 shares in the last quarter. Fortis Capital Advisors LLC raised its position in shares of Essential Properties Realty Trust by 3.2% in the second quarter. Fortis Capital Advisors LLC now owns 18,558 shares of the company’s stock valued at $592,000 after buying an additional 572 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its position in shares of Essential Properties Realty Trust by 3.2% in the second quarter. Belpointe Asset Management LLC now owns 18,558 shares of the company’s stock valued at $592,000 after buying an additional 572 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPRT has been the subject of a number of analyst reports. UBS Group lifted their price target 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 dropped their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of Essential Properties Realty Trust in a research report on Wednesday, October 8th. Mizuho cut their target price on Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Finally, Cantor Fitzgerald upped their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.35.

Essential Properties Realty Trust Stock Performance

NYSE EPRT opened at $29.87 on Friday. The firm’s fifty day moving average price is $30.31 and its two-hundred day moving average price is $31.17. The stock has a market cap of $5.92 billion, a PE ratio of 24.09, a PEG ratio of 2.19 and a beta of 1.12. Essential Properties Realty Trust, Inc. has a fifty-two week low of $27.44 and a fifty-two week high of $34.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.66 and a current ratio of 5.66.

Essential Properties Realty Trust (NYSE:EPRT) last posted 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 firm had revenue of $136.54 million for the quarter, compared to analysts’ expectations of $140.42 million. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.38%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. 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, equities 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. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Essential Properties Realty Trust’s payout ratio is presently 96.77%.

About Essential Properties Realty Trust

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.