The Manufacturers Life Insurance Company Takes $3.34 Million Position in Essential Properties Realty Trust, Inc. $EPRT

The Manufacturers Life Insurance Company bought a new stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 111,800 shares of the company’s stock, valued at approximately $3,337,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cetera Trust Company N.A bought a new stake in Essential Properties Realty Trust in the second quarter worth $245,000. Cullen Capital Management LLC bought a new position in Essential Properties Realty Trust during the second quarter valued at $213,000. Whalen Wealth Management Inc. purchased a new stake in shares of Essential Properties Realty Trust in the second quarter valued at $422,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Essential Properties Realty Trust in the second quarter valued at $1,049,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth about $236,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Insiders Place Their Bets

In related news, COO Robert M. Jenkins sold 22,000 shares of the company’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 sale, the chief operating officer directly owned 34,168 shares of the company’s stock, valued at $1,100,892.96. This represents a 39.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays cut their price target on shares of Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Cantor Fitzgerald raised their price objective 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. Weiss Ratings upgraded Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Mizuho cut their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Finally, Wells Fargo & Company increased their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock 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 given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $36.20.

Essential Properties Realty Trust Trading Up 0.4%

Shares of NYSE EPRT opened at $30.12 on Wednesday. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $31.16 and a two-hundred day simple moving average of $31.50. The firm has a market cap of $6.51 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 2.43 and a beta of 0.86. Essential Properties Realty Trust, Inc. has a twelve month low of $28.95 and a twelve month high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last posted 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. The business had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The business’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Analysts expect that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current fiscal year.

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.