Readystate Asset Management LP acquired a new stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 154,206 shares of the company’s stock, valued at approximately $4,603,000.
Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings 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 purchasing an additional 405 shares during the last quarter. Assetmark Inc. boosted its position 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 buying an additional 433 shares during the period. Global Retirement Partners LLC bought a new stake in Essential Properties Realty Trust in the 2nd quarter worth $41,000. Clearstead Advisors LLC increased its position in shares of Essential Properties Realty Trust by 664.4% in the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock valued at $47,000 after acquiring an additional 1,382 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Essential Properties Realty Trust by 273.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock valued at $48,000 after acquiring an additional 1,182 shares during the period. 96.98% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Essential Properties Realty Trust
In related news, COO Robert M. Jenkins sold 22,000 shares of the 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 transaction, the chief operating officer directly owned 34,168 shares in the company, valued at $1,100,892.96. This trade represents a 39.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.77% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Stock Report on EPRT
Essential Properties Realty Trust Stock Up 0.1%
Shares of NYSE:EPRT opened at $29.66 on Monday. The firm has a market capitalization of $6.41 billion, a P/E ratio of 22.99, a P/E/G ratio of 2.40 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 8.17 and a current ratio of 8.17. The stock has a 50 day moving average price of $31.12 and a 200-day moving average price of $31.46. Essential Properties Realty Trust, Inc. has a 52-week low of $28.95 and a 52-week high of $34.73.
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $161.89 million for the quarter, compared to analyst estimates of $156.65 million. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The firm’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. As a group, equities research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current fiscal year.
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.
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