Public Employees Retirement System of Ohio Acquires Shares of 252,533 Essential Properties Realty Trust, Inc. $EPRT

Public Employees Retirement System of Ohio bought a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 252,533 shares of the company’s stock, valued at approximately $7,538,000.

Several other hedge funds have also bought and sold shares of EPRT. Adelante Capital Management LLC acquired a new position in Essential Properties Realty Trust during the second quarter worth $16,406,000. Corient Private Wealth LP acquired a new stake in shares of Essential Properties Realty Trust in the 2nd quarter worth about $465,000. Perennial Investment Advisors LLC acquired a new position in Essential Properties Realty Trust during the 2nd quarter valued at about $778,000. Bank of America Corp DE bought a new stake in Essential Properties Realty Trust during the 2nd quarter worth approximately $52,056,000. Finally, Jupiter Topco LLC purchased a new stake in shares of Essential Properties Realty Trust in the second quarter worth approximately $2,838,000. Institutional investors and hedge funds own 96.98% of the company’s stock.

Analyst Ratings Changes

EPRT has been the topic of several analyst reports. Wall Street Zen cut Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Scotiabank upgraded shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and lowered their target price for the company from $34.00 to $33.00 in a report on Thursday, June 18th. Wells Fargo & Company boosted their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Barclays decreased their price objective on shares of 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, Mizuho decreased their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust has an average rating of “Buy” and a consensus target price of $36.20.

Essential Properties Realty Trust Trading Up 0.4%

Shares of EPRT stock 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 firm has a market cap of $6.51 billion, a P/E ratio of 23.35, a PEG ratio of 2.43 and a beta of 0.86. The company has a 50 day moving average of $31.16 and a 200-day moving average of $31.50. 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:EPRT) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Essential Properties Realty Trust had a return on equity of 6.34% and a net margin of 43.51%.The business had revenue of $161.89 million for the quarter, compared to the consensus estimate of $156.65 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. Essential Properties Realty Trust’s revenue for the quarter was up 18.1% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.010-2.050 EPS. Sell-side analysts anticipate that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current year.

Insider Activity at Essential Properties Realty Trust

In other news, COO Robert M. Jenkins sold 22,000 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer owned 34,168 shares in the company, valued at approximately $1,100,892.96. This represents a 39.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is owned by corporate insiders.

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.