Essential Properties Realty Trust (NYSE:EPRT) Issues Quarterly Earnings Results

Essential Properties Realty Trust (NYSE:EPRT) released its earnings results on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.17, Zacks reports. Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. The company had revenue of $161.89 million during the quarter, compared to the consensus estimate of $156.65 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. Essential Properties Realty Trust updated its FY 2026 guidance to 2.010-2.050 EPS.

Essential Properties Realty Trust Stock Performance

Essential Properties Realty Trust stock traded down $0.56 during trading hours on Wednesday, reaching $32.70. 2,769,450 shares of the company were exchanged, compared to its average volume of 1,929,414. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.62 and a beta of 0.88. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $30.82 and a 200 day moving average of $31.38. Essential Properties Realty Trust has a 12 month low of $28.95 and a 12 month high of $34.73.

Essential Properties Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.9%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 100.79%.

Essential Properties Realty Trust News Roundup

Here are the key news stories impacting Essential Properties Realty Trust this week:

• Positive Sentiment: Essential Properties Realty Trust reported second-quarter EPS of $0.34, beating the $0.33 consensus estimate, while revenue of $161.89 million also topped expectations.
• Positive Sentiment: The company said quarterly FFO came in at $0.50 per share, in line with analyst estimates and above the $0.46 per share reported a year ago. Article: Essential Properties (EPRT) Matches Q2 FFO Estimates
• Positive Sentiment: Management raised FY 2026 EPS guidance to $2.01-$2.05, above the prior market expectation of $1.97, which suggests improved confidence in full-year results.
• Neutral Sentiment: Analyst commentary remained constructive overall, with EPRT still carrying a consensus “Buy” rating despite some mixed coverage around the earnings release.
• Negative Sentiment: One report noted that core FFO topped consensus but revenue missed estimates, highlighting that the quarter was not uniformly strong across all metrics. Article: Essential Properties Q2 core FFO tops consensus, but revenue misses
• Negative Sentiment: Barclays lowered its price target on EPRT from $40 to $37, even while maintaining an overweight rating, which may temper some bullish enthusiasm.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays reduced their price objective on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday. Scotiabank upgraded Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and dropped their price objective for the stock from $34.00 to $33.00 in a report on Thursday, June 18th. Stifel Nicolaus raised their price objective on shares of Essential Properties Realty Trust from $36.00 to $36.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. 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. Finally, Mizuho decreased their target price on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $36.14.

Hedge Funds Weigh In On Essential Properties Realty Trust

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its stake in Essential Properties Realty Trust by 159.4% in the 1st quarter. Royal Bank of Canada now owns 74,147 shares of the company’s stock valued at $2,420,000 after buying an additional 45,561 shares during the last quarter. AQR Capital Management LLC raised its holdings in Essential Properties Realty Trust by 21.8% in the 1st quarter. AQR Capital Management LLC now owns 22,244 shares of the company’s stock worth $726,000 after acquiring an additional 3,981 shares during the period. Goldman Sachs Group Inc. lifted its position in Essential Properties Realty Trust by 16.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company’s stock worth $45,279,000 after acquiring an additional 195,057 shares during the last quarter. Jane Street Group LLC acquired a new position in Essential Properties Realty Trust during the 1st quarter worth $2,350,000. Finally, First Trust Advisors LP boosted its holdings in Essential Properties Realty Trust by 28.4% during the second quarter. First Trust Advisors LP now owns 145,784 shares of the company’s stock valued at $4,652,000 after acquiring an additional 32,254 shares during the period. Institutional investors own 96.98% of the company’s stock.

About Essential Properties Realty Trust

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.