Essential Properties Realty Trust (NYSE:EPRT) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Essential Properties Realty Trust (NYSE:EPRT) issued its quarterly earnings data on Wednesday. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.05), FiscalAI reports. The company had revenue of $158.80 million for the quarter, compared to analysts’ expectations of $151.87 million. Essential Properties Realty Trust had a return on equity of 6.48% and a net margin of 43.46%.The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. Essential Properties Realty Trust updated its FY 2026 guidance to 2.000-2.050 EPS.

Essential Properties Realty Trust Price Performance

EPRT stock traded up $0.23 on Friday, reaching $31.73. 225,730 shares of the company’s stock were exchanged, compared to its average volume of 2,124,640. The stock has a fifty day moving average of $32.49 and a 200-day moving average of $31.20. The firm has a market cap of $6.67 billion, a PE ratio of 24.98, a P/E/G ratio of 2.80 and a beta of 0.99. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.60. Essential Properties Realty Trust has a twelve month low of $28.95 and a twelve month high of $34.73.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were paid a $0.31 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.9%. Essential Properties Realty Trust’s payout ratio is 96.88%.

Insider Buying and Selling at Essential Properties Realty Trust

In related news, CFO Robert Webb Salisbury sold 5,851 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $31.88, for a total transaction of $186,529.88. Following the sale, the chief financial officer owned 8,310 shares of the company’s stock, valued at approximately $264,922.80. The trade was a 41.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP A Joseph Peil sold 19,657 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $32.10, for a total transaction of $630,989.70. Following the transaction, the vice president owned 76,525 shares in the company, valued at $2,456,452.50. The trade was a 20.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Essential Properties Realty Trust

Several hedge funds have recently bought and sold shares of EPRT. Parkside Financial Bank & Trust boosted its position in Essential Properties Realty Trust by 1,009.0% during 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 in the last quarter. Danske Bank A S purchased a new stake in shares of Essential Properties Realty Trust in the 3rd quarter worth about $57,000. Mcguire Capital Advisors Inc. acquired a new stake in Essential Properties Realty Trust in the 4th quarter valued at about $99,000. Harvest Fund Management Co. Ltd increased its holdings in Essential Properties Realty Trust by 27.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,861 shares of the company’s stock valued at $115,000 after acquiring an additional 840 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in Essential Properties Realty Trust during the third quarter worth about $220,000. 96.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EPRT has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of Essential Properties Realty Trust from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Barclays upped their price target on shares of Essential Properties Realty Trust from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday. Wall Street Zen downgraded shares of Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Essential Properties Realty Trust in a research report on Friday, February 13th. Finally, Evercore reiterated an “outperform” rating on shares of Essential Properties Realty Trust in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $36.95.

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.