Landscape Capital Management L.L.C. Purchases 11,052 Shares of Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Landscape Capital Management L.L.C. increased its holdings in Essential Properties Realty Trust by 30.7%, owning 47,013 shares valued at approximately $1.54 million.
• A significant number of institutional investors have recently adjusted their stakes in Essential Properties Realty Trust, with a total of 96.98% of the stock currently owned by such parties.
• Equities analysts have given a consensus rating of "Moderate Buy" with a price target of around $35.34 for Essential Properties Realty Trust.

Landscape Capital Management L.L.C. raised its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 30.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,013 shares of the company's stock after buying an additional 11,052 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Essential Properties Realty Trust were worth $1,535,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EPRT. Franchise Capital Ltd purchased a new stake in Essential Properties Realty Trust in the first quarter valued at approximately $42,000. Quarry LP raised its stake 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 purchasing an additional 1,182 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Essential Properties Realty Trust in the 1st quarter valued at approximately $80,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Essential Properties Realty Trust in the 1st quarter worth about $92,000. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Essential Properties Realty Trust in the fourth quarter valued at approximately $100,000. Hedge funds and other institutional investors own 96.98% of the company's stock.

Analysts Set New Price Targets

EPRT has been the subject of several research analyst reports. Scotiabank upped their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. UBS Group upped their price target on shares of 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. Finally, Barclays lowered their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Essential Properties Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $35.34.

Essential Properties Realty Trust Stock Up 0.6%

Shares of Essential Properties Realty Trust stock traded up $0.19 during midday trading on Wednesday, hitting $30.92. The company had a trading volume of 487,256 shares, compared to its average volume of 1,656,251. Essential Properties Realty Trust, Inc. has a 52-week low of $27.44 and a 52-week high of $34.88. The company has a 50 day moving average of $31.00 and a 200 day moving average of $31.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.67 and a current ratio of 5.67. The stock has a market capitalization of $6.13 billion, a P/E ratio of 26.20, a P/E/G ratio of 2.43 and a beta of 1.08.

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 (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $129.11 million during 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 revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the previous year, the business 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 analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Essential Properties Realty Trust 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 completion of the transaction, the vice president owned 76,590 shares of the company's stock, valued at $2,524,406.40. This represents a 14.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is currently owned by insiders.

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.