State of Alaska Department of Revenue Has $5.83 Million Stake in Essential Properties Realty Trust, Inc. $EPRT

State of Alaska Department of Revenue decreased its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 196,004 shares of the company’s stock after selling 17,745 shares during the quarter. State of Alaska Department of Revenue owned 0.10% of Essential Properties Realty Trust worth $5,832,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. TD Private Client Wealth LLC acquired a new stake in Essential Properties Realty Trust during the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth approximately $44,000. Salomon & Ludwin LLC acquired a new stake in shares of Essential Properties Realty Trust during the 3rd quarter worth approximately $46,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Essential Properties Realty Trust during the second quarter valued at approximately $108,000. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock opened at $29.48 on Friday. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.97 and a beta of 0.99. The firm’s 50-day moving average price is $30.49 and its two-hundred day moving average price is $30.57. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.68. Essential Properties Realty Trust, Inc. has a 1-year low of $27.44 and a 1-year high of $33.35.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, October 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. The company had revenue of $144.93 million during the quarter, compared to analysts’ expectations of $140.42 million. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.38%. Essential Properties Realty Trust’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS and its FY 2025 guidance at 1.870-1.890 EPS. On average, equities analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be paid a $0.31 dividend. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Essential Properties Realty Trust’s payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

EPRT has been the subject of several research reports. Scotiabank raised their target price on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Friday, October 31st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Essential Properties Realty Trust in a research report on Monday, January 5th. Mizuho increased their price target on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Finally, Evercore ISI cut their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.32.

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.