Quantbot Technologies LP Acquires Shares of 88,181 Essential Properties Realty Trust, Inc. $EPRT

Quantbot Technologies LP bought a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the second quarter, HoldingsChannel.com reports. The firm bought 88,181 shares of the company’s stock, valued at approximately $2,632,000.

Several other hedge funds also recently made changes to their positions in the business. Royal Bank of Canada grew its position in Essential Properties Realty Trust by 159.4% during the first quarter. Royal Bank of Canada now owns 74,147 shares of the company’s stock worth $2,420,000 after buying an additional 45,561 shares in the last quarter. AQR Capital Management LLC raised its holdings in Essential Properties Realty Trust by 21.8% in the 1st quarter. AQR Capital Management LLC now owns 22,244 shares of the company’s stock valued at $726,000 after acquiring an additional 3,981 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Essential Properties Realty Trust by 16.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company’s stock valued at $45,279,000 after acquiring an additional 195,057 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Essential Properties Realty Trust during the 1st quarter valued at $2,350,000. Finally, First Trust Advisors LP lifted its position in shares of Essential Properties Realty Trust by 28.4% during the 2nd quarter. First Trust Advisors LP now owns 145,784 shares of the company’s stock valued at $4,652,000 after acquiring an additional 32,254 shares during the period. 96.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on EPRT shares. Wells Fargo & Company increased 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. Wall Street Zen downgraded Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. 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. Cantor Fitzgerald increased their price objective on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $36.20.

Essential Properties Realty Trust Stock Up 0.1%

NYSE EPRT opened at $30.88 on Monday. The business has a fifty day moving average price of $31.06 and a two-hundred day moving average price of $31.55. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. Essential Properties Realty Trust, Inc. has a fifty-two week low of $28.95 and a fifty-two week high of $34.73. The stock has a market capitalization of $6.68 billion, a PE ratio of 23.94, a PEG ratio of 2.49 and a beta of 0.86.

Essential Properties Realty Trust (NYSE:EPRT) last issued its 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 return on equity of 6.34% and a net margin of 43.51%.The firm had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.1%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, June 30th. Essential Properties Realty Trust’s payout ratio is 99.22%.

Insiders Place Their Bets

In related news, COO Robert M. Jenkins sold 22,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $32.22, for a total value of $708,840.00. Following the sale, the chief operating officer directly owned 34,168 shares of the company’s stock, valued at $1,100,892.96. This trade represents a 39.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.77% of the stock is owned by company insiders.

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.