FJ Capital Management LLC reduced its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) by 53.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,665 shares of the company’s stock after selling 20,332 shares during the period. FJ Capital Management LLC’s holdings in Essential Properties Realty Trust were worth $524,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in Essential Properties Realty Trust by 59.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,803,496 shares of the company’s stock worth $112,812,000 after buying an additional 1,425,082 shares during the last quarter. Elo Mutual Pension Insurance Co grew its stake in Essential Properties Realty Trust by 104.9% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 60,838 shares of the company’s stock worth $1,811,000 after buying an additional 31,143 shares during the last quarter. Lighthouse Investment Partners LLC grew its stake in Essential Properties Realty Trust by 225.6% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 700,000 shares of the company’s stock worth $20,832,000 after buying an additional 485,000 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Essential Properties Realty Trust by 14.9% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 975,355 shares of the company’s stock worth $29,051,000 after buying an additional 126,372 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. grew its stake in Essential Properties Realty Trust by 22.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,934,243 shares of the company’s stock worth $87,323,000 after buying an additional 542,275 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Essential Properties Realty Trust
In other news, CFO Robert Webb Salisbury sold 5,851 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer owned 8,310 shares of the company’s stock, valued at approximately $264,922.80. This represents a 41.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP A Joseph Peil sold 19,657 shares of the stock in a transaction 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 directly owned 76,525 shares of the company’s stock, 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. Corporate insiders own 0.77% of the company’s stock.
Analyst Ratings Changes
Essential Properties Realty Trust Trading Up 1.7%
NYSE:EPRT opened at $30.86 on Friday. Essential Properties Realty Trust, Inc. has a 1 year low of $28.95 and a 1 year high of $34.73. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 2.44 and a beta of 0.88. The business has a fifty day moving average of $31.30 and a 200-day moving average of $31.32. 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 (NYSE:EPRT – Get Free Report) last released 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). Essential Properties Realty Trust had a return on equity of 6.30% and a net margin of 43.46%.The business had revenue of $158.80 million during the quarter, compared to the consensus estimate of $151.87 million. During the same period in the previous year, the company posted $0.45 EPS. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. Equities 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 4.1%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 100.79%.
About Essential Properties Realty Trust
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.
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