Entropy Technologies LP Grows Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT

Entropy Technologies LP increased its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 239.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 27,004 shares of the company’s stock after buying an additional 19,038 shares during the period. Entropy Technologies LP’s holdings in Essential Properties Realty Trust were worth $820,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EPRT. Cohen & Steers Inc. lifted its position in shares of Essential Properties Realty Trust by 111.6% in the fourth 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. State Street Corp grew its position in shares of Essential Properties Realty Trust by 8.2% during the second quarter. State Street Corp now owns 11,131,871 shares of the company’s stock worth $358,488,000 after purchasing an additional 843,877 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Essential Properties Realty Trust by 5.7% during the fourth quarter. Wellington Management Group LLP now owns 7,844,570 shares of the company’s stock worth $232,670,000 after purchasing an additional 421,364 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Essential Properties Realty Trust by 1,930,360.7% during 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 purchasing an additional 6,736,959 shares during the period. Finally, Geode Capital Management LLC raised its stake in Essential Properties Realty Trust by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,240,401 shares of the company’s stock valued at $155,452,000 after purchasing an additional 25,857 shares during the period. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Insider Transactions at Essential Properties Realty Trust

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

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock opened at $32.11 on Wednesday. The firm has a market cap of $6.94 billion, a PE ratio of 24.89, a PEG ratio of 2.52 and a beta of 0.88. The stock has a 50 day moving average of $30.98 and a 200 day moving average of $31.47. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust, Inc. has a 12 month low of $28.95 and a 12 month high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $161.89 million for the quarter, compared to analysts’ expectations of $156.65 million. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, research analysts expect that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a $0.32 dividend. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, June 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 99.22%.

Analysts Set New Price Targets

Several research analysts have weighed in on EPRT shares. Weiss Ratings upgraded Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Wall Street Zen upgraded shares of Essential Properties Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Barclays lowered their target price on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Wells Fargo & Company upped their target price on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Stifel Nicolaus raised their target price on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat.com, Essential Properties Realty Trust has an average rating of “Buy” and a consensus target price of $36.11.

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.