Fox Run Management L.L.C. Invests $1.61 Million in Essential Properties Realty Trust, Inc. $EPRT

Fox Run Management L.L.C. acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 54,308 shares of the company’s stock, valued at approximately $1,611,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Essential Properties Realty Trust by 82.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock worth $27,000 after buying an additional 405 shares in the last quarter. First Horizon Corp grew its position in shares of Essential Properties Realty Trust by 146.9% during the fourth quarter. First Horizon Corp now owns 1,131 shares of the company’s stock worth $34,000 after buying an additional 673 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of Essential Properties Realty Trust by 664.4% during the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock worth $47,000 after buying an additional 1,382 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Essential Properties Realty Trust by 40.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,883 shares of the company’s stock worth $56,000 after buying an additional 539 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of Essential Properties Realty Trust during the third quarter worth about $57,000. 96.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Robert Webb Salisbury sold 5,851 shares of Essential Properties Realty Trust stock in a transaction on Friday, March 20th. The shares were sold at an average price of $31.88, for a total value of $186,529.88. Following the transaction, the chief financial officer directly owned 8,310 shares of the company’s stock, valued at $264,922.80. The trade was a 41.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP A Joseph Peil sold 19,657 shares of Essential Properties Realty Trust stock in a transaction on Friday, March 20th. The shares were sold at an average price of $32.10, for a total transaction of $630,989.70. Following the completion of the transaction, the vice president directly owned 76,525 shares in the company, valued at $2,456,452.50. The trade was a 20.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.77% of the company’s stock.

Essential Properties Realty Trust Price Performance

EPRT stock opened at $30.05 on Tuesday. The business has a 50 day moving average price of $31.29 and a 200 day moving average price of $31.33. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.40 and a beta of 0.88. Essential Properties Realty Trust, Inc. has a fifty-two week low of $28.95 and a fifty-two week high of $34.73. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, April 22nd. The company reported $0.28 earnings per share 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 for the quarter, compared to analysts’ expectations of $151.87 million. During the same quarter in the previous year, the firm earned $0.45 EPS. Essential Properties Realty Trust’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 research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.96 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.3%. 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. Essential Properties Realty Trust’s dividend payout ratio is presently 97.64%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EPRT shares. Scotiabank lowered their price objective on Essential Properties Realty Trust from $35.00 to $34.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 12th. Wells Fargo & Company boosted their target price on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Truist Financial boosted their target price on Essential Properties Realty Trust from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. UBS Group boosted their target price on Essential Properties Realty Trust from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Finally, Evercore restated an “outperform” rating on shares of Essential Properties Realty Trust in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $36.50.

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.