Essential Properties Realty Trust, Inc. $EPRT Shares Acquired by Barclays PLC

Key Points

• Barclays PLC boosted its stake in Essential Properties Realty Trust by 168.5% in Q3, buying an additional 1,388,289 shares to hold 2,212,137 shares (about 1.12% of the company) worth $65.83 million.
• Analyst sentiment is positive with a consensus rating of Moderate Buy (nine Buys, one Hold) and an average price target of $35.78, with firms like Evercore, Cantor Fitzgerald and Mizuho issuing upbeat ratings.
• EPRT is trading near its 52-week high (opened at $34.33 vs. a $34.73 high), has a market cap of $7.21 billion and a P/E of 26.82, and is highly institutionally owned (about 96.98%).

Barclays PLC lifted its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 168.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,212,137 shares of the company's stock after purchasing an additional 1,388,289 shares during the period. Barclays PLC owned about 1.12% of Essential Properties Realty Trust worth $65,833,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Essential Properties Realty Trust by 159.4% in the first quarter. Royal Bank of Canada now owns 74,147 shares of the company's stock valued at $2,420,000 after buying an additional 45,561 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Essential Properties Realty Trust by 21.8% during the 1st quarter. AQR Capital Management LLC now owns 22,244 shares of the company's stock worth $726,000 after acquiring an additional 3,981 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Essential Properties Realty Trust by 16.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company's stock worth $45,279,000 after acquiring an additional 195,057 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Essential Properties Realty Trust in the 1st quarter valued at about $2,350,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Essential Properties Realty Trust by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 213,872 shares of the company's stock valued at $6,825,000 after acquiring an additional 1,477 shares during the last quarter. 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 several recent analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of Essential Properties Realty Trust in a research note on Wednesday, January 28th. Cantor Fitzgerald reissued an "overweight" rating on shares of Essential Properties Realty Trust in a report on Friday, February 13th. Scotiabank boosted their price objective on shares of Essential Properties Realty Trust from $34.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Monday, March 2nd. Evercore restated an "outperform" rating on shares of Essential Properties Realty Trust in a report on Tuesday, February 17th. Finally, Mizuho increased their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company an "outperform" rating in a research report on Wednesday, December 17th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $35.78.

Essential Properties Realty Trust Trading Up 0.2%

NYSE:EPRT opened at $34.33 on Monday. The company has a market capitalization of $7.21 billion, a PE ratio of 26.82, a P/E/G ratio of 2.53 and a beta of 0.95. Essential Properties Realty Trust, Inc. has a 52-week low of $27.44 and a 52-week high of $34.73. The stock's 50 day moving average price is $31.39 and its 200 day moving average price is $30.79. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.60.

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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