Wellington Management Group LLP Reduces Position in Essential Properties Realty Trust, Inc. $EPRT

Wellington Management Group LLP decreased its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 35.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,335,415 shares of the company’s stock after selling 2,952,976 shares during the quarter. Wellington Management Group LLP’s holdings in Essential Properties Realty Trust were worth $159,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in Essential Properties Realty Trust by 82.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock valued at $27,000 after acquiring an additional 405 shares during the period. Assetmark Inc. grew its position in Essential Properties Realty Trust by 47.8% in the 1st quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock valued at $41,000 after acquiring an additional 433 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Essential Properties Realty Trust in the second quarter worth $41,000. Clearstead Advisors LLC increased its stake in Essential Properties Realty Trust by 664.4% in the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock worth $47,000 after purchasing an additional 1,382 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in Essential Properties Realty Trust by 273.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock worth $48,000 after purchasing an additional 1,182 shares during the period. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

Essential Properties Realty Trust Trading Down 1.1%

NYSE:EPRT opened at $30.04 on Tuesday. The firm has a 50-day simple moving average of $31.17 and a 200-day simple moving average of $31.51. Essential Properties Realty Trust, Inc. has a one year low of $28.95 and a one year high of $34.73. The firm has a market cap of $6.50 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.46 and a beta of 0.86. 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 (NYSE:EPRT) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. Essential Properties Realty Trust had a net margin of 43.51% and a return on equity of 6.34%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Equities analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EPRT. Weiss Ratings raised shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 17th. Stifel Nicolaus boosted their price objective on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Cantor Fitzgerald upped 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 research note on Wednesday, July 29th. Wall Street Zen lowered shares of Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Finally, Wells Fargo & Company boosted their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat, Essential Properties Realty Trust presently has a consensus rating of “Buy” and an average price target of $36.20.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 34,168 shares in the company, valued at approximately $1,100,892.96. The trade was a 39.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.77% of the stock is owned by company insiders.

Essential Properties Realty Trust Company 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.