Essential Properties Realty Trust, Inc. $EPRT Position Raised by Legal & General Group Plc

Legal & General Group Plc grew its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 18.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,407,802 shares of the company's stock after acquiring an additional 216,454 shares during the quarter. Legal & General Group Plc owned about 0.71% of Essential Properties Realty Trust worth $44,923,000 as of its most recent filing with the SEC.

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Several other institutional investors have also modified their holdings of EPRT. TD Private Client Wealth LLC bought a new stake in Essential Properties Realty Trust in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Essential Properties Realty Trust in the second quarter valued at approximately $44,000. Headlands Technologies LLC acquired a new stake in shares of Essential Properties Realty Trust in the first quarter valued at approximately $80,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Essential Properties Realty Trust during the first quarter valued at approximately $92,000. Finally, GAMMA Investing LLC boosted its position in shares of Essential Properties Realty Trust by 21.5% during the second quarter. GAMMA Investing LLC now owns 5,003 shares of the company's stock worth $160,000 after buying an additional 885 shares during the period. Institutional investors own 96.98% of the company's stock.

Essential Properties Realty Trust Stock Performance

Shares of NYSE EPRT opened at $31.52 on Thursday. Essential Properties Realty Trust, Inc. has a 1 year low of $27.44 and a 1 year high of $34.88. The firm has a market cap of $6.25 billion, a P/E ratio of 25.42, a PEG ratio of 2.28 and a beta of 1.10. The stock has a fifty day moving average price of $30.35 and a two-hundred day moving average price of $31.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.66 and a current ratio of 5.66.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Essential Properties Realty Trust had a return on equity of 6.38% and a net margin of 45.25%.The business had revenue of $144.93 million during the quarter, compared to analyst estimates of $140.42 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The company'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. FY 2025 guidance at 1.870-1.890 EPS. Research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Essential Properties Realty Trust's dividend payout ratio is presently 96.77%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EPRT. Evercore ISI upgraded Essential Properties Realty Trust from an "in-line" rating to an "outperform" rating and raised their target price for the company from $34.00 to $36.00 in a research report on Monday, September 15th. UBS Group boosted their price target on Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Stifel Nicolaus set a $36.00 price target on Essential Properties Realty Trust in a report on Thursday, October 23rd. Weiss Ratings restated a "buy (b-)" rating on shares of Essential Properties Realty Trust in a research note on Friday, October 31st. Finally, Berenberg Bank initiated coverage on shares of Essential Properties Realty Trust in a report on Monday, October 13th. They issued a "buy" rating and a $36.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $35.54.

Check Out Our Latest Report on Essential Properties Realty Trust

Essential Properties Realty Trust Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.

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