Alyeska Investment Group L.P. Has $88.90 Million Stock Position in Essential Properties Realty Trust, Inc. $EPRT

Alyeska Investment Group L.P. lowered its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 14.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,978,241 shares of the company's stock after selling 485,412 shares during the period. Alyeska Investment Group L.P. owned approximately 1.38% of Essential Properties Realty Trust worth $88,900,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in Essential Properties Realty Trust in the 2nd quarter valued at about $1,183,153,000. Cohen & Steers Inc. boosted its position in shares of Essential Properties Realty Trust by 111.6% during the 4th quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company's stock worth $552,031,000 after acquiring an additional 9,816,042 shares in the last quarter. State Street Corp increased its stake in Essential Properties Realty Trust by 8.2% in the second 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 during the last quarter. Wellington Management Group LLP increased its stake in Essential Properties Realty Trust by 5.7% in the fourth quarter. Wellington Management Group LLP now owns 7,844,570 shares of the company's stock valued at $232,670,000 after acquiring an additional 421,364 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Essential Properties Realty Trust by 1,930,360.7% during the fourth 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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EPRT shares. Cantor Fitzgerald upped their target price on Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Scotiabank upgraded Essential Properties Realty Trust from a "sector perform" rating to a "sector outperform" rating and decreased their price target for the company from $34.00 to $33.00 in a research note on Thursday, June 18th. Stifel Nicolaus boosted their price target on Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Wells Fargo & Company upped their price objective on 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, Mizuho reduced their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $36.20.

Essential Properties Realty Trust Stock Performance

NYSE EPRT opened at $30.40 on Friday. The firm's fifty day moving average price is $31.15 and its two-hundred day moving average price is $31.53. The stock has a market cap of $6.57 billion, a PE ratio of 23.57, a PEG ratio of 2.46 and a beta of 0.86. The company has a debt-to-equity ratio of 0.65, a quick ratio of 8.17 and a current ratio of 8.17. Essential Properties Realty Trust, Inc. has a fifty-two week low of $28.95 and a fifty-two 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 analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $161.89 million during 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%.Essential Properties Realty Trust's revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, equities 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 announced 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. The ex-dividend date was Tuesday, June 30th. This represents a $1.28 annualized dividend and a yield of 4.2%. This is a boost from Essential Properties Realty Trust's previous quarterly dividend of $0.31. Essential Properties Realty Trust's dividend payout ratio is 99.22%.

Insiders Place Their Bets

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 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 directly owned 34,168 shares of the company's stock, valued at $1,100,892.96. The trade was a 39.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.77% of the stock is owned by insiders.

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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