Several institutional investors have significantly increased their stakes in Essential Properties Realty Trust during the third quarter.
UBS Asset Management led the charge with a 434% increase in its holdings, while other institutional players such as Glenmede Trust Co. NA and Quantbot Technologies LP also made substantial moves. These institutional investors now control nearly 97% of Essential Properties Realty Trust's stock.
The bullish sentiment surrounding the company is further supported by recent adjustments in price targets from various equity research analysts. The diverse range of ratings and price targets illustrates the varying perspectives among analysts, yet the overall trend leans towards a favorable view of Essential Properties Realty Trust's potential.
The company recently reported its earnings results, revealing a quarterly EPS that fell short of the consensus estimate but with revenue surpassing expectations. Essential Properties Realty Trust has a solid market position with a strong liquidity position and a balanced approach to leveraging its capital structure.
The stock has experienced fluctuations, showcasing its volatility in the market.
In terms of insider trading activity, the CEO recently sold shares, raising questions about insider sentiment and future expectations for the company.