Alyeska Investment Group L.P. Purchases 1,178,238 Shares of Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Alyeska Investment Group L.P. increased its stake in Essential Properties Realty Trust by 66.1% in the first quarter, owning 2,959,948 shares valued at approximately $96.6 million.
• Significant increases in holdings were also seen from other institutional investors, with Allspring Global Investments raising its stake by 51.5% during the same period.
• Essential Properties Realty Trust reported quarterly earnings of $0.46 per share, missing analyst expectations, while setting their FY 2025 guidance at 1.860-1.890 EPS.

Alyeska Investment Group L.P. lifted its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 66.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,959,948 shares of the company's stock after buying an additional 1,178,238 shares during the quarter. Alyeska Investment Group L.P. owned approximately 1.50% of Essential Properties Realty Trust worth $96,613,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Franchise Capital Ltd bought a new stake in Essential Properties Realty Trust in the 1st quarter valued at about $42,000. Headlands Technologies LLC bought a new stake in Essential Properties Realty Trust in the 1st quarter valued at about $80,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Essential Properties Realty Trust in the 1st quarter valued at about $92,000. GF Fund Management CO. LTD. bought a new stake in Essential Properties Realty Trust in the 4th quarter valued at about $100,000. Finally, Morse Asset Management Inc lifted its position in Essential Properties Realty Trust by 44.6% in the 4th quarter. Morse Asset Management Inc now owns 3,325 shares of the company's stock valued at $104,000 after purchasing an additional 1,025 shares during the last quarter. 96.98% of the stock is currently owned by institutional investors.

Essential Properties Realty Trust Price Performance

Shares of EPRT traded up $0.04 during mid-day trading on Friday, hitting $30.78. The company's stock had a trading volume of 1,307,424 shares, compared to its average volume of 1,220,657. The firm has a 50-day moving average price of $30.93 and a 200 day moving average price of $31.58. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.39 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 5.67 and a quick ratio of 5.67. Essential Properties Realty Trust, Inc. has a fifty-two week low of $27.44 and a fifty-two week high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.The business had revenue of $129.11 million during the quarter, compared to analyst estimates of $131.72 million. During the same period in the prior year, the firm earned $0.47 EPS. The business's revenue for the quarter was up 25.4% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. On average, research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Barclays lowered their target price on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Finally, Scotiabank raised their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.34.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, VP A Joseph Peil sold 13,227 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total value of $435,961.92. Following the completion of the transaction, the vice president directly owned 76,590 shares in the company, valued at $2,524,406.40. This trade represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.77% of the stock is currently owned by insiders.

Essential Properties Realty Trust Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.