Entropy Technologies LP Buys 19,038 Shares of Essential Properties Realty Trust, Inc. $EPRT

Entropy Technologies LP raised its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 239.0% during the first quarter, HoldingsChannel reports. The firm owned 27,004 shares of the company’s stock after buying an additional 19,038 shares during the quarter. Entropy Technologies LP’s holdings in Essential Properties Realty Trust were worth $820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Inceptionr LLC purchased a new position in shares of Essential Properties Realty Trust in the 1st quarter worth approximately $294,000. Mizuho Markets Americas LLC purchased a new stake in Essential Properties Realty Trust during the 1st quarter valued at $847,000. Sei Investments Co. raised its holdings in Essential Properties Realty Trust by 157.3% during the 1st quarter. Sei Investments Co. now owns 1,323,745 shares of the company’s stock valued at $40,189,000 after buying an additional 809,367 shares during the period. Lido Advisors LLC lifted its position in Essential Properties Realty Trust by 17.3% in the first quarter. Lido Advisors LLC now owns 11,398 shares of the company’s stock worth $350,000 after buying an additional 1,684 shares during the last quarter. Finally, State of Wyoming lifted its position in Essential Properties Realty Trust by 28.7% in the first quarter. State of Wyoming now owns 17,913 shares of the company’s stock worth $544,000 after buying an additional 3,996 shares during the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Stock Performance

EPRT stock opened at $32.11 on Wednesday. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $30.98 and its two-hundred day simple moving average is $31.47. Essential Properties Realty Trust, Inc. has a twelve month low of $28.95 and a twelve month high of $34.73. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 2.52 and a beta of 0.88.

Essential Properties Realty Trust (NYSE:EPRT) last issued its earnings results 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 firm 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 business’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Analysts predict that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, June 30th. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 99.22%.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer directly owned 34,168 shares of the company’s stock, valued at $1,100,892.96. The trade was a 39.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EPRT has been the topic of a number of analyst reports. Stifel Nicolaus boosted 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 research report on Thursday, July 23rd. Mizuho lowered their target price on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Barclays dropped their price target on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 13th. 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, June 20th. One 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 a consensus price target of $36.11.

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.