Cbre Investment Management Listed Real Assets LLC Has $45.09 Million Position in Essential Properties Realty Trust, Inc. $EPRT

Cbre Investment Management Listed Real Assets LLC lowered its stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 30.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,520,150 shares of the company’s stock after selling 668,483 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Essential Properties Realty Trust were worth $45,088,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. State Street Corp raised its position in shares of Essential Properties Realty Trust by 8.2% during the second quarter. State Street Corp now owns 11,131,871 shares of the company’s stock valued at $358,488,000 after buying an additional 843,877 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Essential Properties Realty Trust by 1,930,360.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,737,308 shares of the company’s stock valued at $199,829,000 after buying an additional 6,736,959 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Essential Properties Realty Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 5,240,401 shares of the company’s stock valued at $155,452,000 after buying an additional 25,857 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of Essential Properties Realty Trust by 195.4% during the third quarter. Balyasny Asset Management L.P. now owns 3,970,789 shares of the company’s stock valued at $118,171,000 after buying an additional 2,626,478 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Essential Properties Realty Trust by 59.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,803,496 shares of the company’s stock valued at $112,812,000 after buying an additional 1,425,082 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Insider Buying and Selling at Essential Properties Realty Trust

In related news, VP A Joseph Peil sold 19,657 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $32.10, for a total value of $630,989.70. Following the transaction, the vice president owned 76,525 shares in the company, valued at approximately $2,456,452.50. This represents a 20.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert Webb Salisbury sold 5,851 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $31.88, for a total transaction of $186,529.88. Following the transaction, the chief financial officer owned 8,310 shares in the company, valued at approximately $264,922.80. The trade was a 41.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

EPRT has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Essential Properties Realty Trust in a research report on Tuesday, May 26th. Barclays increased their price target on shares of Essential Properties Realty Trust from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Evercore reissued an “outperform” rating on shares of Essential Properties Realty Trust in a research report on Tuesday, February 17th. Wall Street Zen lowered shares of Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Finally, Mizuho dropped their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $36.50.

Essential Properties Realty Trust Price Performance

Shares of Essential Properties Realty Trust stock opened at $29.93 on Tuesday. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 2.42 and a beta of 0.91. Essential Properties Realty Trust, Inc. has a 1-year low of $28.95 and a 1-year high of $34.73. The firm’s 50-day moving average price is $31.40 and its two-hundred day moving average price is $31.36.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.05). The firm had revenue of $158.80 million for the quarter, compared to the consensus estimate of $151.87 million. Essential Properties Realty Trust had a return on equity of 6.30% and a net margin of 43.46%.Essential Properties Realty Trust’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. On average, equities analysts predict that Essential Properties Realty Trust, Inc. will post 1.96 earnings per share for the current fiscal year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were paid a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.24 dividend on an annualized basis and a yield of 4.1%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 97.64%.

About Essential Properties Realty Trust

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.