Essential Properties Realty Trust, Inc. $EPRT Shares Purchased by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its EPRT stake by 742.5% in the second quarter, purchasing 60,883 additional shares for a total holding of 69,083 shares valued at approximately $2.06 million. Institutional investors and hedge funds collectively own 96.98% of the stock.
• Essential Properties Realty Trust reported quarterly EPS of $0.34, topping estimates by $0.01, while revenue rose 18.1% year over year to $161.89 million. The company issued a quarterly dividend of $0.32, equivalent to a 4.6% annualized yield.
• The stock recently traded near $27.98, close to its 12-month low, while analysts maintained a consensus “Buy” rating with an average price target of $36.20. Separately, COO Robert Jenkins sold 22,000 shares for approximately $708,840.

Engineers Gate Manager LP increased its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 742.5% in 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 have also recently added to or reduced their stakes in the company. Vanderbilt University boosted its stake in Essential Properties Realty Trust by 0.9% during the 1st quarter. Vanderbilt University now owns 36,078 shares of the company's stock worth $1,095,000 after purchasing an additional 315 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of 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 buying an additional 405 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Essential Properties Realty Trust by 47.8% in the first 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 boosted its position in Essential Properties Realty Trust by 21.1% during the second quarter. Parkside Financial Bank & Trust now owns 2,740 shares of the company's stock worth $82,000 after acquiring an additional 478 shares during the last quarter. Finally, GSI Capital Advisors LLC boosted its position in Essential Properties Realty Trust by 0.3% during the fourth quarter. GSI Capital Advisors LLC now owns 147,682 shares of the company's stock worth $4,380,000 after acquiring an additional 510 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 stock was sold at an average price of $32.22, for a total transaction of $708,840.00. Following the transaction, the chief operating officer directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is owned by company insiders.

Essential Properties Realty Trust Trading Down 2.7%

NYSE EPRT opened at $27.98 on Wednesday. The firm's 50-day moving average is $30.89 and its two-hundred day moving average is $31.27. Essential Properties Realty Trust, Inc. has a 12 month low of $27.97 and a 12 month high of $34.73. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. The stock has a market capitalization of $6.05 billion, a P/E ratio of 21.69, a PEG ratio of 2.33 and a beta of 0.85.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The business had revenue of $161.89 million during the quarter, compared to analysts' expectations of $156.65 million. During the same period last year, the business earned $0.46 earnings per share. The business'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. On average, sell-side analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a yield of 4.6%. Essential Properties Realty Trust's payout ratio is presently 99.22%.

Analyst Ratings Changes

A number of analysts have commented on the stock. 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. Wells Fargo & Company boosted their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. Barclays cut their price target on 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. Weiss Ratings downgraded Essential Properties Realty Trust from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, September 3rd. Finally, Wall Street Zen raised shares of Essential Properties Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. According to MarketBeat.com, Essential Properties Realty Trust presently has a consensus rating of "Buy" and an average target price of $36.20.

Essential Properties Realty Trust Profile

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.

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