VIRGINIA RETIREMENT SYSTEMS ET Al Takes $7.63 Million Position in Essential Properties Realty Trust, Inc. $EPRT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the second quarter, HoldingsChannel reports. The firm purchased 255,589 shares of the company’s stock, valued at approximately $7,629,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanderbilt University increased its holdings in shares of 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 acquiring an additional 315 shares during the last quarter. Lido Advisors LLC raised its stake in Essential Properties Realty Trust by 3.7% in the 4th quarter. Lido Advisors LLC now owns 9,714 shares of the company’s stock valued at $292,000 after acquiring an additional 346 shares during the period. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $27,000 after purchasing an additional 405 shares during the last quarter. 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 valued at $41,000 after purchasing an additional 433 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 purchasing an additional 510 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Up 0.8%

Shares of Essential Properties Realty Trust stock opened at $29.88 on Wednesday. The firm’s 50 day moving average is $31.10 and its 200 day moving average is $31.42. The firm has a market capitalization of $6.46 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 2.40 and a beta of 0.85. 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, Inc. has a 1 year low of $28.95 and a 1 year high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $161.89 million during the quarter, compared to analyst estimates of $156.65 million. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the business earned $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 99.22%.

Insider Activity

In other Essential Properties Realty Trust 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

EPRT has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a “buy” rating in a report on Thursday, July 23rd. Cantor Fitzgerald lifted their target price on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wells Fargo & Company upped their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Wall Street Zen raised shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Mizuho cut their price objective on shares of 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. One investment 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 currently has a consensus rating of “Buy” and an average price target of $36.20.

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.