35,152 Shares in Essential Properties Realty Trust, Inc. $EPRT Purchased by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management acquired 35,152 EPRT shares valued at approximately $1.05 million in the second quarter. Institutional investors and hedge funds collectively own 96.98% of the company.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and average price target of $36.20, despite one downgrade to “Sell.” EPRT recently exceeded quarterly earnings and revenue estimates, reporting $0.34 EPS and $161.89 million in revenue.
• EPRT shares opened at $30.40, within a 52-week range of $28.95 to $34.73. COO Robert Jenkins sold 22,000 shares for approximately $708,840, reducing his ownership by 39.17%.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 35,152 shares of the company's stock, valued at approximately $1,049,000.

A number of other hedge funds have also made changes to their positions in EPRT. BlackRock Inc. acquired a new stake in shares of Essential Properties Realty Trust in the second quarter worth approximately $1,183,153,000. Cohen & Steers Inc. raised its stake in 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 purchasing an additional 9,816,042 shares during the last quarter. State Street Corp raised its stake 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 purchasing an additional 843,877 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Essential Properties Realty Trust by 5.7% in the 4th quarter. Wellington Management Group LLP now owns 7,844,570 shares of the company's stock valued at $232,670,000 after purchasing an additional 421,364 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in 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 purchasing an additional 6,736,959 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. 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 report on Monday, June 1st. Weiss Ratings raised shares of Essential Properties Realty Trust from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 17th. Wall Street Zen lowered shares of Essential Properties Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. Scotiabank raised shares of Essential Properties Realty Trust from a "sector perform" rating to a "sector outperform" rating and dropped their price objective for the company from $34.00 to $33.00 in a research note on Thursday, June 18th. Finally, Stifel Nicolaus upped their price objective 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 equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $36.20.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the company's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $32.22, for a total value of $708,840.00. Following the transaction, 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 filing with the SEC, which is available through this link. Company insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Price Performance

EPRT stock opened at $30.40 on Monday. The business has a fifty day moving average of $31.15 and a two-hundred day moving average of $31.53. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.65. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.86. Essential Properties Realty Trust, Inc. has a 52-week low of $28.95 and a 52-week high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 EPS 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 return on equity of 6.34% and a net margin of 43.51%.The company's quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. As a group, research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

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.

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