BROOKFIELD Corp ON Sells 84,074 Shares of Essential Properties Realty Trust, Inc. $EPRT

BROOKFIELD Corp ON trimmed its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 12.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 585,640 shares of the company’s stock after selling 84,074 shares during the quarter. BROOKFIELD Corp ON’s holdings in Essential Properties Realty Trust were worth $17,780,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanderbilt University lifted its holdings in Essential Properties Realty Trust by 0.9% during the first quarter. Vanderbilt University now owns 36,078 shares of the company’s stock worth $1,095,000 after buying an additional 315 shares during the period. Lido Advisors LLC increased its holdings in shares of Essential Properties Realty Trust by 3.7% in the 4th quarter. Lido Advisors LLC now owns 9,714 shares of the company’s stock valued at $292,000 after acquiring an additional 346 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Essential Properties Realty Trust by 82.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock valued at $27,000 after acquiring an additional 405 shares during the period. Assetmark Inc. raised its position in shares of Essential Properties Realty Trust by 47.8% in the 1st quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock worth $41,000 after acquiring an additional 433 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Essential Properties Realty Trust by 11.9% in the 4th quarter. Signaturefd LLC now owns 4,110 shares of the company’s stock worth $122,000 after acquiring an additional 436 shares in the last quarter. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Down 0.0%

Essential Properties Realty Trust stock opened at $32.34 on Monday. Essential Properties Realty Trust, Inc. has a 1-year low of $28.95 and a 1-year high of $34.73. The business has a fifty day moving average price of $30.94 and a 200-day moving average price of $31.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 2.55 and a beta of 0.88.

Essential Properties Realty Trust (NYSE:EPRT) last announced 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. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The company had revenue of $161.89 million for the quarter, compared to analyst estimates of $156.65 million. During the same period in the prior year, the company posted $0.46 EPS. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Equities research analysts forecast 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. Investors of record on Tuesday, June 30th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.0%. 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. Essential Properties Realty Trust’s payout ratio is 99.22%.

Wall Street Analyst Weigh In

EPRT has been the topic of a number of recent research reports. Barclays dropped their price objective on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Mizuho reduced 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 report on Wednesday, May 13th. Wells Fargo & Company increased their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Scotiabank upgraded shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and lowered their price target for the company from $34.00 to $33.00 in a report on Thursday, June 18th. Finally, Stifel Nicolaus lifted their price objective on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $36.11.

Essential Properties Realty Trust Company 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.