Hsbc Holdings PLC Takes $27.01 Million Position in Essential Properties Realty Trust, Inc. $EPRT

Hsbc Holdings PLC acquired a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 903,410 shares of the company’s stock, valued at approximately $27,008,000.

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

Essential Properties Realty Trust Stock Down 0.9%

Shares of NYSE EPRT opened at $30.43 on Friday. The business has a 50-day moving average of $31.13 and a two-hundred day moving average of $31.53. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86. Essential Properties Realty Trust, Inc. has a 1 year low of $28.95 and a 1 year high of $34.73. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17.

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

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a $0.32 dividend. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, June 30th. Essential Properties Realty Trust’s payout ratio is currently 99.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EPRT shares. Scotiabank raised shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and cut their target price for the stock from $34.00 to $33.00 in a research note on Thursday, June 18th. Cantor Fitzgerald raised their price target on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Barclays dropped their price target on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen lowered Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Finally, Wells Fargo & Company increased their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $36.20.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $32.22, for a total transaction of $708,840.00. Following the sale, the chief operating officer owned 34,168 shares of the company’s stock, valued at approximately $1,100,892.96. This trade represents a 39.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.77% 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.