Caisse DE Depot ET Placement DU Quebec Invests $3.23 Million in Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Caisse DE Depot ET Placement DU Quebec has invested approximately $3.23 million in Essential Properties Realty Trust, acquiring nearly 98,892 shares, representing 0.05% ownership.
• Essential Properties Realty Trust's stock has shown a 25.4% year-over-year revenue growth, although it reported earnings per share (EPS) of $0.46 for the last quarter, missing analysts' expectations.
• Analysts have mixed ratings for Essential Properties Realty Trust, with a consensus rating of "Moderate Buy" and an average target price of $35.34.

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 98,892 shares of the company's stock, valued at approximately $3,228,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.05% of Essential Properties Realty Trust as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Franchise Capital Ltd purchased a new stake in shares of Essential Properties Realty Trust during the first quarter worth $42,000. Quarry LP grew its holdings in shares of Essential Properties Realty Trust by 439.4% during the fourth quarter. Quarry LP now owns 1,451 shares of the company's stock worth $45,000 after buying an additional 1,182 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Essential Properties Realty Trust during the first quarter worth $80,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Essential Properties Realty Trust during the first quarter worth $92,000. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Essential Properties Realty Trust during the fourth quarter worth $100,000. Hedge funds and other institutional investors own 96.98% of the company's stock.

Wall Street Analyst Weigh In

EPRT has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company a "buy" rating in a report on Monday, May 5th. Barclays dropped their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Scotiabank upped their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, UBS Group upped their price objective on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a "buy" rating in a report on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.34.

Insider Activity

In other news, VP A Joseph Peil sold 13,227 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $32.96, for a total transaction of $435,961.92. Following the sale, the vice president owned 76,590 shares of the company's stock, valued at approximately $2,524,406.40. This represents a 14.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company's stock.

Essential Properties Realty Trust Trading Down 2.3%

EPRT stock traded down $0.74 during mid-day trading on Tuesday, hitting $30.59. 562,747 shares of the company were exchanged, compared to its average volume of 1,658,494. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $6.06 billion, a P/E ratio of 25.91, a PEG ratio of 2.43 and a beta of 1.08. The business has a fifty day simple moving average of $31.04 and a 200-day simple moving average of $31.61. Essential Properties Realty Trust, Inc. has a 12-month low of $27.44 and a 12-month high of $34.88.

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

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.