Allstate Corp Has $1.49 Million Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT

Allstate Corp raised its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 175.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,223 shares of the company’s stock after buying an additional 32,004 shares during the period. Allstate Corp’s holdings in Essential Properties Realty Trust were worth $1,490,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. State Street Corp lifted its position in Essential Properties Realty Trust by 8.2% in the 2nd quarter. State Street Corp now owns 11,131,871 shares of the company’s stock valued at $358,488,000 after acquiring an additional 843,877 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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 worth $199,829,000 after purchasing an additional 6,736,959 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Essential Properties Realty Trust by 195.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 3,970,789 shares of the company’s stock worth $118,171,000 after purchasing an additional 2,626,478 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Essential Properties Realty Trust by 59.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,803,496 shares of the company’s stock worth $112,812,000 after buying an additional 1,425,082 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Essential Properties Realty Trust by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,940,571 shares of the company’s stock worth $87,510,000 after buying an additional 98,463 shares during the period. Institutional investors own 96.98% of the company’s stock.

Insiders Place Their Bets

In other Essential Properties Realty Trust news, 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 value of $630,989.70. Following the sale, the vice president directly owned 76,525 shares in the company, valued at approximately $2,456,452.50. The trade was a 20.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $186,529.88. Following the completion of the sale, the chief financial officer owned 8,310 shares in the company, valued at approximately $264,922.80. This represents a 41.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.77% of the company’s stock.

Essential Properties Realty Trust Trading Down 1.2%

Shares of EPRT stock opened at $30.64 on Friday. Essential Properties Realty Trust, Inc. has a 12-month low of $28.95 and a 12-month high of $34.73. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $31.46 and its 200 day moving average is $31.36. The stock has a market capitalization of $6.63 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.46 and a beta of 0.91.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly 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). The business had revenue of $158.80 million for the quarter, compared to analysts’ expectations of $151.87 million. Essential Properties Realty Trust had a return on equity of 6.30% and a net margin of 43.46%.The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. Research analysts expect that Essential Properties Realty Trust, Inc. will post 1.96 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, March 31st. Essential Properties Realty Trust’s payout ratio is currently 97.64%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EPRT shares. Stifel Nicolaus increased their target price on Essential Properties Realty Trust from $36.00 to $36.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Wall Street Zen cut Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Mizuho reduced their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Raymond James Financial upgraded shares of Essential Properties Realty Trust from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $35.00 to $37.00 in a research report on Tuesday, March 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Essential Properties Realty Trust in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Essential Properties Realty Trust currently has an average rating of “Buy” and a consensus price target of $36.55.

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.