Bank of New York Mellon Corp Buys 15,952 Shares of Essential Properties Realty Trust, Inc. $EPRT

Bank of New York Mellon Corp increased its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 1.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,580,009 shares of the company’s stock after buying an additional 15,952 shares during the period. Bank of New York Mellon Corp owned 0.73% of Essential Properties Realty Trust worth $47,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EPRT. EverSource Wealth Advisors LLC grew its position in Essential Properties Realty Trust by 82.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock valued at $27,000 after purchasing an additional 405 shares during the last quarter. First Horizon Corp raised its holdings in Essential Properties Realty Trust by 146.9% in the fourth quarter. First Horizon Corp now owns 1,131 shares of the company’s stock worth $34,000 after buying an additional 673 shares during the last quarter. Clearstead Advisors LLC raised its holdings in Essential Properties Realty Trust by 664.4% in the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock worth $47,000 after buying an additional 1,382 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Essential Properties Realty Trust by 273.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock worth $48,000 after buying an additional 1,182 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Essential Properties Realty Trust by 1,009.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,730 shares of the company’s stock worth $51,000 after buying an additional 1,574 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Wall Street Analyst Weigh In

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

Essential Properties Realty Trust Stock Performance

NYSE EPRT opened at $32.34 on Friday. The company has a quick ratio of 5.12, a current ratio of 8.17 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust, Inc. has a twelve month low of $28.95 and a twelve month high of $34.73. The business has a 50-day moving average price of $30.94 and a 200-day moving average price of $31.42. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 2.53 and a beta of 0.88.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. As a group, equities research analysts predict that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.32 per share. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. Essential Properties Realty Trust’s payout ratio is currently 99.22%.

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.