Norges Bank Acquires New Stake in Essential Properties Realty Trust, Inc. $EPRT

Norges Bank acquired a new position in shares of Essential Properties Realty Trust, Inc. (NYSE:EPRT) in the second quarter, HoldingsChannel.com reports. The fund acquired 2,638,285 shares of the company’s stock, valued at approximately $84,188,000.

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

Essential Properties Realty Trust Stock Performance

Shares of EPRT opened at $31.06 on Friday. Essential Properties Realty Trust, Inc. has a 12-month low of $27.44 and a 12-month high of $33.35. The stock has a market cap of $6.15 billion, a P/E ratio of 25.04, a PEG ratio of 2.27 and a beta of 0.98. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $30.53 and a two-hundred day moving average of $30.99.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $140.42 million. During the same period last year, the company posted $0.43 EPS. The company’s revenue was up 23.7% on a year-over-year basis. 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. As a group, research analysts predict that Essential Properties Realty Trust, Inc. will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EPRT has been the subject of several research analyst reports. UBS Group increased their price objective 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. Scotiabank boosted 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 report on Tuesday, November 25th. Mizuho lowered their target price on shares of 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. Berenberg Bank assumed coverage on shares of Essential Properties Realty Trust in a research report on Monday, October 13th. They set a “buy” rating and a $36.00 price target for the company. Finally, Cantor Fitzgerald upped their price target on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Essential Properties Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target 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.