Jump Financial LLC Sells 80,371 Shares of Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Jump Financial LLC significantly reduced its holdings in Essential Properties Realty Trust, decreasing ownership by 82.5% during the first quarter.
• Several other hedge funds and institutional investors have increased their positions in the company, with notable boosts from Allspring Global Investments, Amalgamated Bank, and Mitsubishi UFJ Asset Management.
• Essential Properties Realty Trust reported $0.46 EPS for the last quarter, slightly missing expectations, while its revenue increased by 25.4% from the previous year.

Jump Financial LLC decreased its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 82.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,044 shares of the company's stock after selling 80,371 shares during the quarter. Jump Financial LLC's holdings in Essential Properties Realty Trust were worth $556,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. KBC Group NV raised its position in Essential Properties Realty Trust by 4.3% in the 1st quarter. KBC Group NV now owns 8,085 shares of the company's stock worth $264,000 after buying an additional 335 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Essential Properties Realty Trust by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,778 shares of the company's stock worth $352,000 after buying an additional 419 shares during the last quarter. Cresset Asset Management LLC raised its position in Essential Properties Realty Trust by 4.2% in the 1st quarter. Cresset Asset Management LLC now owns 10,609 shares of the company's stock worth $349,000 after buying an additional 426 shares during the last quarter. Xponance Inc. raised its position in Essential Properties Realty Trust by 4.8% in the 1st quarter. Xponance Inc. now owns 14,026 shares of the company's stock worth $458,000 after buying an additional 646 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in Essential Properties Realty Trust by 2.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 27,331 shares of the company's stock worth $892,000 after buying an additional 772 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EPRT. UBS Group boosted their target price on Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Barclays cut their price target on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Finally, Scotiabank boosted their price target on 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 investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.34.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock traded down $0.43 during trading hours on Thursday, reaching $30.51. 549,402 shares of the stock traded hands, compared to its average volume of 1,653,909. The company has a 50 day moving average price of $30.98 and a 200 day moving average price of $31.60. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 2.43 and a beta of 1.08. Essential Properties Realty Trust, Inc. has a one year low of $27.44 and a one year high of $34.88. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.60.

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 analysts' consensus estimates of $0.47 by ($0.01). The company had revenue of $129.11 million for the quarter, compared to the consensus estimate of $131.72 million. Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.20%. The company's revenue was up 25.4% compared to the same quarter last year. During the same quarter last 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 expect that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Insider Activity

In related 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.81% of the company's stock.

Essential Properties Realty Trust Company 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.