JPMorgan Chase & Co. Has $26.57 Million Stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT)

Posted by on Jun 12th, 2023

JPMorgan Chase & Co. grew its stake in Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Rating) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,132,143 shares of the company’s stock after acquiring an additional 50,055 shares during the period. JPMorgan Chase & Co.’s holdings in Essential Properties Realty Trust were worth $26,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Armstrong Advisory Group Inc. purchased a new position in Essential Properties Realty Trust during the fourth quarter valued at approximately $25,000. Advisors Asset Management Inc. lifted its stake in shares of Essential Properties Realty Trust by 68.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,697 shares of the company’s stock worth $33,000 after purchasing an additional 690 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Essential Properties Realty Trust in the fourth quarter valued at about $34,000. Quadrant Capital Group LLC increased its holdings in shares of Essential Properties Realty Trust by 49.6% in the third quarter. Quadrant Capital Group LLC now owns 1,839 shares of the company’s stock worth $36,000 after purchasing an additional 610 shares during the last quarter. Finally, Ellevest Inc. boosted its stake in Essential Properties Realty Trust by 177.9% during the fourth quarter. Ellevest Inc. now owns 2,340 shares of the company’s stock worth $55,000 after buying an additional 1,498 shares during the period. 97.19% of the stock is owned by institutional investors.

Essential Properties Realty Trust Stock Performance

EPRT opened at $24.65 on Monday. The firm has a market capitalization of $3.67 billion, a PE ratio of 23.04, a P/E/G ratio of 3.59 and a beta of 1.26. The firm has a 50 day moving average of $24.46 and a two-hundred day moving average of $24.30. The company has a current ratio of 6.07, a quick ratio of 6.07 and a debt-to-equity ratio of 0.54. Essential Properties Realty Trust, Inc. has a 12-month low of $18.88 and a 12-month high of $26.43.

Analyst Ratings Changes

Several equities research analysts have commented on EPRT shares. Stifel Nicolaus lowered their price objective on Essential Properties Realty Trust from $27.75 to $27.25 in a research report on Thursday, April 27th. Truist Financial increased their target price on Essential Properties Realty Trust from $27.00 to $29.00 in a research report on Monday, February 27th. Mizuho increased their target price on Essential Properties Realty Trust from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 9th. LADENBURG THALM/SH SH decreased their target price on Essential Properties Realty Trust from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, March 23rd. Finally, Raymond James lifted their price objective on Essential Properties Realty Trust from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, April 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.92.

Essential Properties Realty Trust Company Profile

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Essential Properties Realty Trust, Inc engages in the acquisition, ownership, and management of single-tenant properties that are net leased on a long-term basis. Its portfolio includes the following: Captain D’s, Art Van Furniture, Mister and Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday, and White Oak Station.

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Institutional Ownership by Quarter for Essential Properties Realty Trust (NYSE:EPRT)

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