Jupiter Topco LLC Makes New Investment in Essential Properties Realty Trust, Inc. $EPRT

Jupiter Topco LLC purchased a new stake in Essential Properties Realty Trust, Inc. (NYSE:EPRTFree Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 95,022 shares of the company’s stock, valued at approximately $2,838,000.

Other large investors have also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of Essential Properties Realty Trust by 159.4% during the first quarter. Royal Bank of Canada now owns 74,147 shares of the company’s stock worth $2,420,000 after purchasing an additional 45,561 shares during the period. AQR Capital Management LLC raised its position in shares of Essential Properties Realty Trust by 21.8% during the first quarter. AQR Capital Management LLC now owns 22,244 shares of the company’s stock worth $726,000 after acquiring an additional 3,981 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Essential Properties Realty Trust by 16.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company’s stock worth $45,279,000 after acquiring an additional 195,057 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Essential Properties Realty Trust in the first quarter worth approximately $2,350,000. Finally, First Trust Advisors LP lifted its stake in shares of Essential Properties Realty Trust by 28.4% in the second quarter. First Trust Advisors LP now owns 145,784 shares of the company’s stock worth $4,652,000 after acquiring an additional 32,254 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Trading Down 0.3%

NYSE:EPRT opened at $30.03 on Thursday. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.43 and a beta of 0.85. The firm has a fifty day simple moving average of $31.15 and a two-hundred day simple moving average of $31.49. Essential Properties Realty Trust, Inc. has a 12 month low of $28.95 and a 12 month high of $34.73.

Essential Properties Realty Trust (NYSE:EPRTGet Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, beating 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 firm had revenue of $161.89 million during the quarter, compared to the consensus estimate of $156.65 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s 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. Analysts expect that Essential Properties Realty Trust, Inc. will post 1.97 EPS for the current fiscal year.

Insider Activity at Essential Properties Realty Trust

In related news, COO Robert M. Jenkins sold 22,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was 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. The trade was a 39.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EPRT. Wall Street Zen downgraded shares of 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 report on Thursday, June 18th. Wells Fargo & Company raised their target price on 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. Mizuho lowered their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Finally, Stifel Nicolaus boosted their price target on Essential Properties Realty Trust from $36.00 to $36.25 and gave the company 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 issued a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $36.20.

View Our Latest Analysis on Essential Properties Realty Trust

Essential Properties Realty Trust Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

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