Fisher Asset Management LLC Sells 154,197 Shares of Essential Properties Realty Trust, Inc. $EPRT

Fisher Asset Management LLC trimmed its holdings in Essential Properties Realty Trust, Inc. (NYSE:EPRT) by 46.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,964 shares of the company’s stock after selling 154,197 shares during the quarter. Fisher Asset Management LLC owned approximately 0.09% of Essential Properties Realty Trust worth $5,583,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EPRT. TD Private Client Wealth LLC purchased a new position in Essential Properties Realty Trust during the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Essential Properties Realty Trust during the 2nd quarter worth approximately $44,000. Headlands Technologies LLC purchased a new stake in shares of Essential Properties Realty Trust during the 1st quarter worth approximately $80,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Essential Properties Realty Trust in the first quarter valued at $92,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Essential Properties Realty Trust in the second quarter worth $108,000. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on EPRT. Scotiabank lifted their price target on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. Mizuho cut their target price on Essential Properties Realty Trust from $35.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, September 11th. UBS Group raised their price target on Essential Properties Realty Trust from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Berenberg Bank began coverage on shares of Essential Properties Realty Trust in a research note on Monday, October 13th. They set a “buy” rating and a $36.00 price objective for the company. Finally, Cantor Fitzgerald increased their price objective on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $35.54.

Essential Properties Realty Trust Stock Down 0.9%

Shares of NYSE EPRT opened at $31.06 on Friday. Essential Properties Realty Trust, Inc. has a 52-week low of $27.44 and a 52-week high of $33.35. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.27 and a beta of 0.98. The stock has a 50 day moving average price of $30.53 and a 200 day moving average price of $30.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 5.66 and a current ratio of 5.66.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Essential Properties Realty Trust had a net margin of 45.25% and a return on equity of 6.38%. The business had revenue of $144.93 million during the quarter, compared to analyst estimates of $140.42 million. During the same quarter in the previous year, the business posted $0.43 EPS. The company’s quarterly 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. Sell-side analysts expect that Essential Properties Realty Trust, Inc. will post 1.83 earnings per share for the current year.

About Essential Properties Realty Trust

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.