Kennedy Capital Management LLC Sells 29,181 Shares of Essential Properties Realty Trust, Inc. $EPRT

Kennedy Capital Management LLC reduced its holdings in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 8.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 318,362 shares of the company’s stock after selling 29,181 shares during the quarter. Kennedy Capital Management LLC’s holdings in Essential Properties Realty Trust were worth $10,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new stake in Essential Properties Realty Trust during the 2nd quarter valued at $84,188,000. Invesco Ltd. raised its position in shares of Essential Properties Realty Trust by 51.8% in the first quarter. Invesco Ltd. now owns 7,062,006 shares of the company’s stock valued at $230,504,000 after purchasing an additional 2,410,278 shares during the period. Nuveen LLC acquired a new stake in shares of Essential Properties Realty Trust during the 1st quarter worth about $59,546,000. Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of Essential Properties Realty Trust during the 2nd quarter worth about $37,828,000. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Essential Properties Realty Trust by 66.1% during the 1st quarter. Alyeska Investment Group L.P. now owns 2,959,948 shares of the company’s stock worth $96,613,000 after buying an additional 1,178,238 shares during the period. Institutional investors own 96.98% of the company’s stock.

Essential Properties Realty Trust Price Performance

EPRT stock opened at $31.06 on Friday. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 5.66 and a quick ratio of 5.66. The company has a 50 day simple moving average of $30.53 and a 200 day simple moving average of $30.99. Essential Properties Realty Trust, Inc. has a 1 year low of $27.44 and a 1 year high of $33.35.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The company had revenue of $144.93 million during the quarter, compared to analysts’ expectations of $140.42 million. Essential Properties Realty Trust had a return on equity of 6.38% and a net margin of 45.25%.During the same period in the prior year, the company earned $0.43 EPS. Essential Properties Realty Trust’s revenue was up 23.7% compared to the same quarter last year. Essential Properties Realty Trust has set its FY 2026 guidance at 1.980-2.040 EPS and its FY 2025 guidance at 1.870-1.890 EPS. Research analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EPRT. Weiss Ratings reissued a “buy (b-)” rating on shares of Essential Properties Realty Trust in a report on Friday, October 31st. UBS Group upped their price target on shares of Essential Properties Realty Trust from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Scotiabank increased their price objective on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 25th. Mizuho dropped their target price on shares of Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, September 11th. Finally, Stifel Nicolaus set a $36.00 price target on shares of Essential Properties Realty Trust in a research report on Thursday, October 23rd. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.54.

Essential Properties Realty Trust Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.