Sterling Capital Management LLC Has $1.49 Million Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT

Sterling Capital Management LLC decreased its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 38.7% during the 1st quarter, HoldingsChannel reports. The fund owned 49,171 shares of the company’s stock after selling 31,006 shares during the quarter. Sterling Capital Management LLC’s holdings in Essential Properties Realty Trust were worth $1,493,000 as of its most recent SEC filing.

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

Essential Properties Realty Trust Stock Down 0.2%

Essential Properties Realty Trust stock opened at $30.56 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.12 and a quick ratio of 5.12. The company’s 50-day moving average is $30.90 and its 200-day moving average is $31.23. The firm has a market capitalization of $6.61 billion, a PE ratio of 24.06, a P/E/G ratio of 2.42 and a beta of 0.88. Essential Properties Realty Trust, Inc. has a fifty-two week low of $28.95 and a fifty-two week high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results on Wednesday, April 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.05). Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. The firm had revenue of $158.80 million during the quarter, compared to analyst estimates of $151.87 million. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. Sell-side analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.2%. Essential Properties Realty Trust’s payout ratio is 97.64%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Barclays boosted their price target on shares of Essential Properties Realty Trust from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Mizuho reduced their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. UBS Group raised their price objective on Essential Properties Realty Trust from $38.00 to $40.00 and gave the company a “buy” rating in a report on Monday, March 9th. Finally, Weiss Ratings downgraded Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $36.41.

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.