Squarepoint Ops LLC Has $2.12 Million Stock Holdings in Essential Properties Realty Trust, Inc. $EPRT

Key Points

• Squarepoint Ops LLC cut its Essential Properties Realty Trust stake by 47.7% in the second quarter, selling 64,859 shares and retaining 71,181 shares valued at approximately $2.12 million. Institutional investors collectively own 96.98% of the company.
• Analysts remain broadly positive, with the stock carrying an average “Buy” rating and a consensus price target of $36.20. Recent targets range from $33.00 to $37.00.
• Essential Properties reported second-quarter revenue of $161.89 million and EPS of $0.34, exceeding expectations, while revenue rose 18.1% year over year. The company also declared a quarterly dividend of $0.32, representing a 4.4% annualized yield.

Squarepoint Ops LLC decreased its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 47.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,181 shares of the company's stock after selling 64,859 shares during the period. Squarepoint Ops LLC's holdings in Essential Properties Realty Trust were worth $2,125,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cohen & Steers Inc. increased its holdings in shares of Essential Properties Realty Trust by 111.6% during the fourth quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company's stock worth $552,031,000 after buying an additional 9,816,042 shares in the last quarter. Bank of America Corp DE grew its position in Essential Properties Realty Trust by 45.5% during the 1st quarter. Bank of America Corp DE now owns 1,329,642 shares of the company's stock worth $40,368,000 after acquiring an additional 415,666 shares during the last quarter. Legal & General Group Plc increased its holdings in Essential Properties Realty Trust by 9.0% in the 4th quarter. Legal & General Group Plc now owns 1,397,170 shares of the company's stock worth $41,440,000 after purchasing an additional 115,768 shares in the last quarter. Kennedy Capital Management LLC raised its position in Essential Properties Realty Trust by 12.6% in the fourth quarter. Kennedy Capital Management LLC now owns 582,586 shares of the company's stock valued at $17,280,000 after purchasing an additional 65,141 shares during the last quarter. Finally, Adelante Capital Management LLC acquired a new stake in shares of Essential Properties Realty Trust during the second quarter valued at about $16,406,000. Institutional investors and hedge funds own 96.98% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Scotiabank raised Essential Properties Realty Trust from a "sector perform" rating to a "sector outperform" rating and lowered their price objective for the company from $34.00 to $33.00 in a research note on Thursday, June 18th. Cantor Fitzgerald boosted their target price on shares of Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Essential Properties Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, September 5th. Stifel Nicolaus raised their price target on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings lowered shares of Essential Properties Realty Trust from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust presently has an average rating of "Buy" and an average price target of $36.20.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $28.79 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 8.17 and a current ratio of 8.17. Essential Properties Realty Trust, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $34.73. The company has a 50 day simple moving average of $30.96 and a two-hundred day simple moving average of $31.31. The company has a market capitalization of $6.23 billion, a PE ratio of 22.31, a P/E/G ratio of 2.33 and a beta of 0.85.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The firm had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. During the same quarter in the previous year, the company earned $0.46 EPS. The company's revenue for the quarter was up 18.1% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.28 annualized dividend and a yield of 4.4%. Essential Properties Realty Trust's payout ratio is presently 99.22%.

Insider Buying and Selling

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the company's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $32.22, for a total transaction of $708,840.00. Following the sale, the chief operating officer owned 34,168 shares of the company's stock, valued at approximately $1,100,892.96. This represents a 39.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.77% of the company's stock.

Essential Properties Realty Trust Profile

Essential Properties Realty Trust, Inc NYSE: EPRT is a real estate investment trust that owns and manages a diversified portfolio of single-tenant commercial properties across the United States. The company primarily invests in properties leased to middle-market businesses operating in service-oriented and experience-based industries.

Essential Properties generally leases its properties under long-term, triple-net agreements. Under these arrangements, tenants are typically responsible for property-level expenses such as maintenance, insurance and real estate taxes.

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