OVERSEA CHINESE BANKING Corp Ltd Invests $4.11 Million in Essential Properties Realty Trust, Inc. $EPRT

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 137,550 shares of the company’s stock, valued at approximately $4,106,000. OVERSEA CHINESE BANKING Corp Ltd owned 0.06% of Essential Properties Realty Trust at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Pasadena Private Wealth LLC purchased a new stake in Essential Properties Realty Trust in the 2nd quarter worth $388,000. Aurora Investment Counsel purchased a new position in shares of Essential Properties Realty Trust in the second quarter valued at about $2,730,000. First National Bank of Omaha purchased a new position in shares of Essential Properties Realty Trust in the second quarter valued at about $3,148,000. BlackRock Inc. bought a new position in shares of Essential Properties Realty Trust in the second quarter worth about $1,183,153,000. Finally, Deutsche Bank AG bought a new position in shares of Essential Properties Realty Trust in the second quarter worth about $11,561,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho cut their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Stifel Nicolaus upped their price target on Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Cantor Fitzgerald increased their price objective on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Barclays cut their price objective on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $36.20.

Essential Properties Realty Trust Trading Up 0.3%

Shares of Essential Properties Realty Trust stock opened at $31.18 on Friday. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.51 and a beta of 0.86. The business has a 50-day moving average price of $31.06 and a 200-day moving average price of $31.54. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust, Inc. has a twelve month low of $28.95 and a twelve month high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, July 22nd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $156.65 million. During the same period in the previous year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Equities research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.32 per share. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. Essential Properties Realty Trust’s payout ratio is currently 99.22%.

Insider Activity

In other news, COO Robert M. Jenkins sold 22,000 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $32.22, for a total transaction of $708,840.00. Following the completion of the transaction, the chief operating officer directly owned 34,168 shares in the company, valued at approximately $1,100,892.96. This represents a 39.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is owned by company insiders.

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.