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

The Manufacturers Life Insurance Company acquired a new stake in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 111,800 shares of the company’s stock, valued at approximately $3,337,000. The Manufacturers Life Insurance Company owned 0.05% of Essential Properties Realty Trust at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in 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 purchasing an additional 405 shares in the last quarter. Assetmark Inc. increased its position in Essential Properties Realty Trust by 47.8% in the first quarter. Assetmark Inc. now owns 1,339 shares of the company’s stock worth $41,000 after buying an additional 433 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Essential Properties Realty Trust in the second quarter worth about $41,000. Clearstead Advisors LLC raised its stake in shares of Essential Properties Realty Trust by 664.4% in the fourth quarter. Clearstead Advisors LLC now owns 1,590 shares of the company’s stock worth $47,000 after buying an additional 1,382 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Essential Properties Realty Trust by 273.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,614 shares of the company’s stock worth $48,000 after buying an additional 1,182 shares during the period. 96.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EPRT. Wells Fargo & Company boosted their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Mizuho decreased their target price on shares of 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. Stifel Nicolaus lifted their price target on shares of Essential Properties Realty Trust from $36.00 to $36.25 and gave the company a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings raised shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 17th. Finally, Wall Street Zen cut shares of Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $36.20.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, COO Robert M. Jenkins sold 22,000 shares of Essential Properties Realty Trust stock in a transaction on 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 transaction, the chief operating officer directly owned 34,168 shares of the company’s stock, valued at $1,100,892.96. This trade represents a 39.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.77% of the stock is owned by insiders.

Essential Properties Realty Trust Stock Up 0.4%

Shares of EPRT opened at $30.12 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. The stock has a market capitalization of $6.51 billion, a price-to-earnings 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 1 year low of $28.95 and a 1 year high of $34.73. The business’s 50 day simple moving average is $31.16 and its 200-day simple moving average is $31.50.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, July 22nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $156.65 million. During the same period last year, the firm posted $0.46 earnings per share. Essential Properties Realty Trust’s revenue for the quarter 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. As a group, equities analysts expect that Essential Properties Realty Trust, Inc. will post 1.97 earnings per share for the current fiscal year.

Essential Properties Realty Trust Company 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.