Engineers Gate Manager LP Raises Stock Position in Essential Properties Realty Trust, Inc. $EPRT

Engineers Gate Manager LP lifted its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 742.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,083 shares of the company’s stock after purchasing an additional 60,883 shares during the quarter. Engineers Gate Manager LP’s holdings in Essential Properties Realty Trust were worth $2,062,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanderbilt University grew its holdings in shares of Essential Properties Realty Trust by 0.9% in the first quarter. Vanderbilt University now owns 36,078 shares of the company’s stock valued at $1,095,000 after purchasing an additional 315 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Essential Properties Realty Trust by 82.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock worth $27,000 after buying an additional 405 shares during the period. Assetmark Inc. lifted its holdings in Essential Properties Realty Trust by 47.8% during the 1st quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock worth $41,000 after buying an additional 433 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Essential Properties Realty Trust by 21.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,740 shares of the company’s stock worth $82,000 after buying an additional 478 shares in the last quarter. Finally, GSI Capital Advisors LLC boosted its position in Essential Properties Realty Trust by 0.3% in the 4th quarter. GSI Capital Advisors LLC now owns 147,682 shares of the company’s stock valued at $4,380,000 after buying an additional 510 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Insider Activity

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $32.22, for a total value of $708,840.00. Following the completion of the transaction, the chief operating officer owned 34,168 shares in the company, valued at $1,100,892.96. This represents a 39.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.77% of the company’s stock.

Essential Properties Realty Trust Price Performance

Shares of EPRT opened at $27.98 on Wednesday. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.33 and a beta of 0.85. The firm’s fifty day simple moving average is $30.89 and its 200-day simple moving average is $31.27. Essential Properties Realty Trust, Inc. has a twelve month low of $27.97 and a twelve month high of $34.73. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65.

Essential Properties Realty Trust (NYSE:EPRT) last issued 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. The firm had revenue of $161.89 million during the quarter, compared to the consensus estimate of $156.65 million. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Equities analysts forecast that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Wednesday, September 30th. Essential Properties Realty Trust’s payout ratio is currently 99.22%.

Wall Street Analyst Weigh In

EPRT has been the subject of several research reports. Stifel Nicolaus boosted their price target on shares of 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. Weiss Ratings lowered Essential Properties Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, September 3rd. Wall Street Zen raised Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Scotiabank upgraded Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and cut their price target for the stock from $34.00 to $33.00 in a report on Thursday, June 18th. Finally, Cantor Fitzgerald increased their price target on Essential Properties Realty Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. One equities 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 stock presently has an average rating of “Buy” and a consensus target price of $36.20.

About Essential Properties Realty Trust

Essential Properties Realty Trust, Inc (NYSE:EPRT) is a real estate investment trust that owns and manages a diversified portfolio of single-tenant commercial properties across the United States. The company primarily invests in properties leased to middle-market businesses operating in service-oriented and experience-based industries.

Essential Properties generally leases its properties under long-term, triple-net agreements. Under these arrangements, tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.