UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 1,255,229 Shares of Essential Properties Realty Trust, Inc. $EPRT

Key Points

• UBS Asset Management increased its EPRT position by 14,648.5% in the second quarter, acquiring 1.26 million additional shares and bringing its total holding to 1.26 million shares valued at approximately $37.7 million.
• Institutional investors own 96.98% of Essential Properties Realty Trust; however, COO Robert Jenkins sold 22,000 shares for $708,840, reducing his stake by 39.17%.
• EPRT exceeded quarterly earnings and revenue estimates, reporting $0.34 EPS and $161.89 million in revenue. Analysts maintain a consensus “Buy” rating with an average price target of $36.20, compared with a recent share price of $29.67.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) by 14,648.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,263,798 shares of the company's stock after acquiring an additional 1,255,229 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.58% of Essential Properties Realty Trust worth $37,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its stake in Essential Properties Realty Trust by 1,930,360.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,737,308 shares of the company's stock valued at $199,829,000 after purchasing an additional 6,736,959 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in Essential Properties Realty Trust by 111.6% in the 4th quarter. Cohen & Steers Inc. now owns 18,611,967 shares of the company's stock valued at $552,031,000 after purchasing an additional 9,816,042 shares during the period. Legal & General Group Plc grew its position 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 during the last quarter. Kennedy Capital Management LLC grew its position in Essential Properties Realty Trust by 12.6% in the 4th quarter. Kennedy Capital Management LLC now owns 582,586 shares of the company's stock worth $17,280,000 after purchasing an additional 65,141 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of 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 purchasing an additional 415,666 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 value of $708,840.00. Following the completion of the sale, the chief operating officer owned 34,168 shares in the company, valued at $1,100,892.96. This represents a 39.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.77% of the stock is owned by company insiders.

Essential Properties Realty Trust Trading Down 1.0%

EPRT opened at $29.67 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 2.42 and a beta of 0.85. The firm has a 50 day simple moving average of $31.14 and a 200 day simple moving average of $31.47. Essential Properties Realty Trust, Inc. has a fifty-two week low of $28.95 and a fifty-two week high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $161.89 million for the quarter, compared to analyst estimates of $156.65 million. During the same quarter last year, the firm earned $0.46 EPS. Essential Properties Realty Trust's quarterly revenue was up 18.1% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, sell-side analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

EPRT has been the subject of several recent research reports. Stifel Nicolaus upped their price target on Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a "buy" rating in a report on Thursday, July 23rd. Wall Street Zen cut Essential Properties Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. Scotiabank upgraded Essential Properties Realty Trust from a "sector perform" rating to a "sector outperform" rating and cut their target price for the company from $34.00 to $33.00 in a research note on Thursday, June 18th. Cantor Fitzgerald raised their target price on Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company lifted their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $36.20.

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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