Wellington Management Group LLP Sells 2,952,976 Shares of Essential Properties Realty Trust, Inc. $EPRT

Wellington Management Group LLP decreased its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 35.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,335,415 shares of the company’s stock after selling 2,952,976 shares during the period. Wellington Management Group LLP owned 2.47% of Essential Properties Realty Trust worth $159,262,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EPRT. EverSource Wealth Advisors LLC raised its position in shares of Essential Properties Realty Trust by 82.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 899 shares of the company’s stock valued at $27,000 after buying an additional 405 shares during the last quarter. Assetmark Inc. grew its stake in Essential Properties Realty Trust by 47.8% during the first quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock valued at $41,000 after acquiring an additional 433 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Essential Properties Realty Trust in the 2nd quarter valued at $41,000. Clearstead Advisors LLC increased its holdings in Essential Properties Realty Trust by 664.4% in the 4th quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock valued at $47,000 after acquiring an additional 1,382 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Essential Properties Realty Trust by 273.6% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EPRT. Weiss Ratings raised shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 17th. Mizuho reduced their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Wall Street Zen downgraded Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Barclays dropped their price target on Essential Properties Realty Trust from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Finally, Stifel Nicolaus lifted their price objective on Essential Properties Realty Trust from $36.00 to $36.25 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $36.20.

Essential Properties Realty Trust Stock Performance

Shares of NYSE:EPRT opened at $30.04 on Tuesday. The firm has a fifty day simple moving average of $31.17 and a two-hundred day simple moving average of $31.51. Essential Properties Realty Trust, Inc. has a 52 week low of $28.95 and a 52 week high of $34.73. 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 stock has a market capitalization of $6.50 billion, a P/E ratio of 23.29, a PEG ratio of 2.46 and a beta of 0.86.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $161.89 million during 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 firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. On average, analysts expect that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Essential Properties Realty Trust

In other news, COO Robert M. Jenkins sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $32.22, for a total transaction of $708,840.00. Following the transaction, the chief operating officer owned 34,168 shares of the company’s stock, valued at approximately $1,100,892.96. The trade was a 39.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.

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.