Essential Properties Realty Trust, Inc. $EPRT Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 57.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 359,948 shares of the company’s stock after buying an additional 131,039 shares during the period. Federated Hermes Inc. owned approximately 0.18% of Essential Properties Realty Trust worth $11,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EPRT. TD Private Client Wealth LLC bought a new position in shares of Essential Properties Realty Trust in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in Essential Properties Realty Trust during the 2nd quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in Essential Properties Realty Trust during the 2nd quarter valued at $44,000. Headlands Technologies LLC acquired a new position in shares of Essential Properties Realty Trust during the 1st quarter valued at $80,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Essential Properties Realty Trust in the 1st quarter worth $92,000. 96.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Mizuho decreased 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Friday, October 31st. UBS Group lifted their price objective on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Berenberg Bank began coverage on shares of Essential Properties Realty Trust in a research note on Monday, October 13th. They set a “buy” rating and a $36.00 target price for the company. Finally, Cantor Fitzgerald raised their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $35.32.

Essential Properties Realty Trust Stock Performance

Essential Properties Realty Trust stock opened at $30.84 on Thursday. Essential Properties Realty Trust, Inc. has a fifty-two week low of $27.44 and a fifty-two week high of $33.35. The firm’s 50 day simple moving average is $30.62 and its 200-day simple moving average is $30.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.66 and a quick ratio of 5.66. The company has a market cap of $6.11 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $0.48 EPS 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 analyst estimates of $140.42 million. During the same quarter last year, the business posted $0.43 EPS. The company’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 predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.0%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, December 31st. Essential Properties Realty Trust’s payout ratio is 96.77%.

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.