Moran Wealth Management LLC Sells 16,610 Shares of Essential Properties Realty Trust, Inc. $EPRT

Moran Wealth Management LLC lowered its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 31.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,706 shares of the company’s stock after selling 16,610 shares during the quarter. Moran Wealth Management LLC’s holdings in Essential Properties Realty Trust were worth $1,084,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Essential Properties Realty Trust by 82.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock worth $27,000 after purchasing an additional 405 shares during the period. First Horizon Corp lifted its position in shares of Essential Properties Realty Trust by 146.9% during the fourth quarter. First Horizon Corp now owns 1,131 shares of the company’s stock worth $34,000 after purchasing an additional 673 shares during the last quarter. Clearstead Advisors LLC boosted its stake in shares of Essential Properties Realty Trust by 664.4% during the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock valued at $47,000 after purchasing an additional 1,382 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Essential Properties Realty Trust by 273.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock worth $48,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Essential Properties Realty Trust by 1,009.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,730 shares of the company’s stock worth $51,000 after purchasing an additional 1,574 shares during the last quarter. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Stock Up 2.4%

Essential Properties Realty Trust stock traded up $0.74 during midday trading on Tuesday, hitting $31.62. 60,612 shares of the company’s stock were exchanged, compared to its average volume of 2,085,543. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.12 and a current ratio of 5.12. Essential Properties Realty Trust, Inc. has a 12 month low of $28.95 and a 12 month high of $34.73. The firm has a 50-day moving average of $30.69 and a two-hundred day moving average of $31.23. The company has a market cap of $6.84 billion, a PE ratio of 24.90, a P/E/G ratio of 2.46 and a beta of 0.88.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.05). Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. The business had revenue of $158.80 million during the quarter, compared to the consensus estimate of $151.87 million. During the same quarter in the prior year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. As a group, analysts expect 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, June 30th. Essential Properties Realty Trust’s payout ratio is presently 100.79%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EPRT. Raymond James Financial upgraded shares of Essential Properties Realty Trust from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $35.00 to $37.00 in a report on Tuesday, March 17th. Wells Fargo & Company raised their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Stifel Nicolaus lifted their price target on shares of Essential Properties Realty Trust from $36.00 to $36.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. UBS Group boosted their price target on Essential Properties Realty Trust from $38.00 to $40.00 and gave the company a “buy” rating in a report on Monday, March 9th. Finally, Truist Financial increased their price objective on Essential Properties Realty Trust from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $36.41.

Essential Properties Realty Trust 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.