Perennial Investment Advisors LLC Acquires New Holdings in Essential Properties Realty Trust, Inc. $EPRT

Perennial Investment Advisors LLC purchased a new stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 26,067 shares of the company’s stock, valued at approximately $778,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanderbilt University increased its position in Essential Properties Realty Trust by 0.9% during the 1st quarter. Vanderbilt University now owns 36,078 shares of the company’s stock valued at $1,095,000 after purchasing an additional 315 shares during the period. Lido Advisors LLC increased its stake in Essential Properties Realty Trust by 3.7% in the fourth quarter. Lido Advisors LLC now owns 9,714 shares of the company’s stock valued at $292,000 after purchasing an additional 346 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 405 shares in the last quarter. Assetmark Inc. grew its position in Essential Properties Realty Trust by 47.8% in the 1st quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock valued at $41,000 after purchasing an additional 433 shares during the period. Finally, Danske Bank A S grew its holdings in shares of Essential Properties Realty Trust by 26.3% during the fourth quarter. Danske Bank A S now owns 2,400 shares of the company’s stock valued at $71,000 after buying an additional 500 shares during the last quarter. 96.98% of the stock is owned by institutional investors and hedge funds.

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 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 completion of the sale, the chief operating officer owned 34,168 shares in the company, valued at approximately $1,100,892.96. The trade was a 39.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EPRT shares. Barclays lowered their price objective on 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. Cantor Fitzgerald increased their target price on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Stifel Nicolaus increased their price target on 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. Wells Fargo & Company boosted their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Mizuho cut their price target on 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. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $36.20.

Essential Properties Realty Trust Stock Performance

NYSE EPRT opened at $30.68 on Thursday. 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 company has a fifty day moving average of $31.11 and a 200-day moving average of $31.54. Essential Properties Realty Trust, Inc. has a 52-week low of $28.95 and a 52-week high of $34.73. The company has a market capitalization of $6.64 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.49 and a beta of 0.86.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $161.89 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm 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 predict that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.2%. 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 is 99.22%.

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.