Essential Properties Realty Trust, Inc. $EPRT Stock Holdings Trimmed by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC has reduced its stake in Essential Properties Realty Trust by 13.4%, selling 30,000 shares in the first quarter, leaving it with approximately 0.10% ownership worth $6.3 million.
• Several analysts have recently adjusted their target prices for EPRT, with UBS Group raising it to $38.00 and Barclays lowering it to $36.00, while the average target price sits at $35.34 with a "Moderate Buy" rating.
• The company reported a quarterly EPS of $0.46, missing the consensus estimate of $0.47, but reported a year-over-year revenue increase of 25.4%, signaling growth potential despite the earnings miss.

Bridgeway Capital Management LLC reduced its position in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,600 shares of the company's stock after selling 30,000 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.10% of Essential Properties Realty Trust worth $6,319,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EPRT. Franchise Capital Ltd bought a new stake in Essential Properties Realty Trust in the first quarter valued at about $42,000. Headlands Technologies LLC bought a new position in shares of Essential Properties Realty Trust during the first quarter valued at approximately $80,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Essential Properties Realty Trust during the first quarter valued at approximately $92,000. GF Fund Management CO. LTD. bought a new position in shares of Essential Properties Realty Trust during the fourth quarter valued at approximately $100,000. Finally, Morse Asset Management Inc grew its holdings in shares of Essential Properties Realty Trust by 44.6% during the fourth 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 owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EPRT. Scotiabank upped their target price on 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. Barclays lowered their target price on 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. Finally, UBS Group upped their target price on 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $35.34.

Essential Properties Realty Trust Stock Performance

Shares of NYSE EPRT opened at $30.73 on Friday. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.60. The stock has a 50 day simple moving average of $30.96 and a 200-day simple moving average of $31.59. The company has a market cap of $6.09 billion, a PE ratio of 26.04, a P/E/G ratio of 2.40 and a beta of 1.08. 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 issued 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). The business had revenue of $129.11 million for the quarter, compared to analyst estimates of $131.72 million. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 44.48%.The business's quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Essential Properties Realty Trust has set its FY 2025 guidance at 1.860-1.890 EPS. On average, equities research analysts forecast that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current year.

Insider Activity

In other news, VP A Joseph Peil sold 13,227 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total transaction of $435,961.92. Following the completion of the transaction, the vice president directly owned 76,590 shares in the company, valued at approximately $2,524,406.40. The trade was a 14.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.77% of the company's stock.

About Essential Properties Realty Trust

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.

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