First National Bank of Omaha Acquires New Shares in Essential Properties Realty Trust, Inc. $EPRT

First National Bank of Omaha acquired a new position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 105,461 shares of the company’s stock, valued at approximately $3,148,000.

Several other hedge funds have also recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Essential Properties Realty Trust by 14.9% in the fourth 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. Strs Ohio increased its holdings in shares of Essential Properties Realty Trust by 28.0% during the 4th quarter. Strs Ohio now owns 719,600 shares of the company’s stock valued at $21,343,000 after acquiring an additional 157,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Essential Properties Realty Trust by 1,930,360.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,737,308 shares of the company’s stock valued at $199,829,000 after acquiring an additional 6,736,959 shares in the last quarter. Cohen & Steers Inc. raised its stake in shares of Essential Properties Realty Trust by 111.6% in the 4th quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company’s stock valued at $552,031,000 after acquiring an additional 9,816,042 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Essential Properties Realty Trust by 9.0% in the 4th quarter. Legal & General Group Plc now owns 1,397,170 shares of the company’s stock worth $41,440,000 after purchasing an additional 115,768 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Robert M. Jenkins sold 22,000 shares of the company’s stock in a transaction that occurred on 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 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 document filed with the SEC, which is accessible through this link. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

EPRT has been the subject of a number of recent analyst reports. Barclays decreased their target price on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Stifel Nicolaus boosted their price objective on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Scotiabank raised shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and decreased their price objective for the stock from $34.00 to $33.00 in a report on Thursday, June 18th. Wall Street Zen upgraded shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, 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. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $36.20.

Essential Properties Realty Trust Trading Down 1.0%

Shares of Essential Properties Realty Trust stock opened at $30.82 on Wednesday. Essential Properties Realty Trust, Inc. has a 52-week low of $28.95 and a 52-week high of $34.73. The firm has a market capitalization of $6.66 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 2.51 and a beta of 0.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. The company’s fifty day moving average price is $31.04 and its two-hundred day moving average price is $31.53.

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 the consensus estimate of $0.33 by $0.01. The business had revenue of $161.89 million for 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 revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, analysts expect that Essential Properties Realty Trust, Inc. will post 1.97 EPS 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. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was 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 dividend on an annualized basis and a yield of 4.2%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 99.22%.

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.