QRG Capital Management Inc. Sells 32,832 Shares of Essential Properties Realty Trust, Inc. $EPRT

QRG Capital Management Inc. decreased its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 34.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,172 shares of the company’s stock after selling 32,832 shares during the quarter. QRG Capital Management Inc.’s holdings in Essential Properties Realty Trust were worth $1,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPRT. Charles Schwab Investment Management Inc. boosted its position in shares of Essential Properties Realty Trust by 8.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,284,712 shares of the company’s stock valued at $104,815,000 after buying an additional 267,226 shares during the last quarter. Allworth Financial LP lifted its stake in Essential Properties Realty Trust by 2,890.8% during the 2nd quarter. Allworth Financial LP now owns 22,192 shares of the company’s stock valued at $708,000 after acquiring an additional 21,450 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Essential Properties Realty Trust by 139.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 118,698 shares of the company’s stock worth $3,532,000 after acquiring an additional 69,157 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its holdings in Essential Properties Realty Trust by 7.6% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 2,391,968 shares of the company’s stock worth $76,328,000 after acquiring an additional 169,413 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Essential Properties Realty Trust by 57.2% in the 2nd quarter. Federated Hermes Inc. now owns 359,948 shares of the company’s stock worth $11,486,000 after acquiring an additional 131,039 shares in the last quarter. 96.98% of the stock is owned by institutional investors.

Essential Properties Realty Trust Stock Up 1.0%

Essential Properties Realty Trust stock opened at $30.84 on Tuesday. The firm has a 50 day moving average price of $30.54 and a 200-day moving average price of $30.49. The company has a quick ratio of 5.66, a current ratio of 5.66 and a debt-to-equity ratio of 0.68. Essential Properties Realty Trust, Inc. has a twelve month low of $27.44 and a twelve month high of $33.35. The company has a market capitalization of $6.11 billion, a P/E ratio of 24.87, a P/E/G ratio of 2.06 and a beta of 0.99.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results 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 company had revenue of $144.93 million for the quarter, compared to analysts’ expectations of $140.42 million. During the same quarter in the previous year, the firm posted $0.43 EPS. Essential Properties Realty Trust’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 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 disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a 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 was Wednesday, December 31st. Essential Properties Realty Trust’s payout ratio is currently 100.00%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of Essential Properties Realty Trust in a research report on Monday, January 5th. Stifel Nicolaus set a $36.00 price objective on shares of Essential Properties Realty Trust in a research note on Thursday, October 23rd. Barclays restated an “overweight” rating and issued a $37.00 target price on shares of Essential Properties Realty Trust in a research note on Tuesday, January 13th. Scotiabank upped their target price on Essential Properties Realty Trust from $33.00 to $34.00 and gave the company a “sector perform” rating in a report on Tuesday, November 25th. Finally, Mizuho increased their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Essential Properties Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $35.41.

Essential Properties Realty Trust Profile

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.