London Co. of Virginia Has $30.09 Million Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT

London Co. of Virginia decreased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,014,490 shares of the company’s stock after selling 44,655 shares during the period. London Co. of Virginia’s holdings in Essential Properties Realty Trust were worth $30,090,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings 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 in the last quarter. First Horizon Corp increased its holdings in Essential Properties Realty Trust by 146.9% in 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 in the last quarter. Clearstead Advisors LLC increased its holdings in Essential Properties Realty Trust by 664.4% in the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock worth $47,000 after purchasing an additional 1,382 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in 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 in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Essential Properties Realty Trust by 40.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,883 shares of the company’s stock worth $56,000 after purchasing an additional 539 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EPRT shares. UBS Group lifted their target price on Essential Properties Realty Trust from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Evercore reiterated an “outperform” rating on shares of Essential Properties Realty Trust in a report on Tuesday, February 17th. Raymond James Financial upgraded Essential Properties Realty Trust from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $35.00 to $37.00 in a report on Tuesday, March 17th. Truist Financial lifted their target price on Essential Properties Realty Trust from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Finally, Scotiabank lowered their target price on Essential Properties Realty Trust from $35.00 to $34.00 and set a “sector perform” rating for the company in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $36.50.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CFO Robert Webb Salisbury sold 5,851 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $31.88, for a total value of $186,529.88. Following the transaction, the chief financial officer owned 8,310 shares in the company, valued at approximately $264,922.80. This represents a 41.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP A Joseph Peil sold 19,657 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $32.10, for a total value of $630,989.70. Following the completion of the transaction, the vice president owned 76,525 shares in the company, valued at approximately $2,456,452.50. The trade was a 20.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is currently owned by corporate insiders.

Essential Properties Realty Trust Stock Up 0.3%

Shares of NYSE:EPRT opened at $30.36 on Wednesday. The business’s 50 day simple moving average is $31.28 and its two-hundred day simple moving average is $31.30. The firm has a market cap of $6.57 billion, a P/E ratio of 23.91, a PEG ratio of 2.39 and a beta of 0.88. 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 52-week low of $28.95 and a 52-week high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.05). The firm had revenue of $158.80 million during the quarter, compared to the consensus estimate of $151.87 million. Essential Properties Realty Trust had a return on equity of 6.30% and a net margin of 43.46%.The firm’s revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, June 30th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 4.2%. Essential Properties Realty Trust’s dividend payout ratio is currently 100.79%.

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.