Amundi Has $17.85 Million Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Amundi reduced its Essential Properties Realty Trust stake by 18.8% in the second quarter, selling 138,355 shares and retaining 597,870 shares worth approximately $17.85 million. Institutional investors collectively own 96.98% of the company.
• Analysts maintain a favorable outlook, with the stock carrying a consensus “Buy” rating and an average price target of $36.20, despite some target-price adjustments.
• Essential Properties reported quarterly EPS of $0.34, exceeding estimates, while revenue rose 18.1% year over year to $161.89 million. The REIT also declared a quarterly dividend of $0.32, representing a 4.4% annualized yield.

Amundi lowered its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 18.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 597,870 shares of the company's stock after selling 138,355 shares during the period. Amundi owned about 0.28% of Essential Properties Realty Trust worth $17,846,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Essential Properties Realty Trust during the second quarter worth about $7,629,000. California State Teachers Retirement System raised its holdings in Essential Properties Realty Trust by 2,970.2% during the 2nd quarter. California State Teachers Retirement System now owns 7,296,773 shares of the company's stock worth $217,809,000 after buying an additional 7,059,105 shares during the period. Readystate Asset Management LP bought a new position in Essential Properties Realty Trust in the second quarter valued at approximately $4,603,000. AlphaGrep UK Ltd bought a new position in Essential Properties Realty Trust in the second quarter valued at approximately $230,000. Finally, Nykredit A S bought a new position in Essential Properties Realty Trust in the second quarter valued at approximately $88,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen raised Essential Properties Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, September 5th. Weiss Ratings downgraded Essential Properties Realty Trust from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, September 3rd. Cantor Fitzgerald lifted their target price on Essential Properties Realty Trust from $36.00 to $37.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of "Buy" and an average price target of $36.20.

Essential Properties Realty Trust Stock Performance

Shares of NYSE EPRT opened at $28.80 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.35 and a beta of 0.85. The stock's fifty day moving average price is $31.00 and its two-hundred day moving average price is $31.35. Essential Properties Realty Trust, Inc. has a one year low of $28.75 and a one year high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The company had revenue of $161.89 million during the quarter, compared to the consensus estimate of $156.65 million. During the same quarter last year, the firm earned $0.46 earnings per share. The company's revenue was up 18.1% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, equities analysts forecast that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.28 dividend on an annualized basis and a yield of 4.4%. Essential Properties Realty Trust's payout ratio is currently 99.22%.

Insider Activity

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the 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 transaction, the chief operating officer owned 34,168 shares in the company, valued at $1,100,892.96. This represents a 39.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.77% of the stock is currently owned by insiders.

About Essential Properties Realty Trust

Essential Properties Realty Trust, Inc NYSE: EPRT is a real estate investment trust that owns and manages a diversified portfolio of single-tenant commercial properties across the United States. The company primarily invests in properties leased to middle-market businesses operating in service-oriented and experience-based industries.

Essential Properties generally leases its properties under long-term, triple-net agreements. Under these arrangements, tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.

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