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Stephen D. Sautel, a director at Essential Properties Realty Trust , Inc. (NYSE:EPRT), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Sautel sold a total of 70,000 shares over three days, from February 24 to February 26, 2025. The transactions were executed at prices ranging from $31.99 to $32.54 per share, amounting to a total value of approximately $2.26 million. The sales come as EPRT trades near its 52-week high, with InvestingPro data showing the stock currently trades at $32.44, maintaining a strong financial health score of "GREAT."
The sales were conducted in multiple transactions, with 30,000 shares sold on February 24, 27,500 shares on February 25, and 12,500 shares on February 26. Following these transactions, Sautel retains direct ownership of 178,785 shares of Essential Properties Realty Trust, representing a stake in the $6.11 billion market cap company.
The weighted average prices for the sales were reported in the filing, with detailed pricing information available upon request from the company or the SEC. Notably, the filing also corrected an earlier reporting error, adjusting Sautel’s beneficial ownership to include shares that were previously omitted. According to InvestingPro analysis, EPRT shows impressive revenue growth of 25% over the last twelve months, with analysts maintaining a bullish outlook. For deeper insights into EPRT’s valuation and growth prospects, check out the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Essential Properties Realty Trust has been the focus of analysts with varying perspectives. Citi analysts have increased their price target for Essential Properties to $35.00, maintaining a Buy rating. This decision follows a detailed review of the company’s fourth-quarter and full-year 2024 results, with updated projections for 2025. Citi’s projections include a slight decrease in the first quarter 2025 core Funds From Operations (FFO) to $0.49 and a steady Adjusted Funds From Operations (AFFO) at $0.46. For the full year 2025, the core FFO is expected to be $2.01, while the AFFO is marginally increased to $1.89. In contrast, B.Riley analysts downgraded the stock from Buy to Neutral, raising their price target to $33.50. They cited Essential Properties’ valuation as a reason, noting that its operations are aligning more closely with industry averages. Despite these differing views, Essential Properties’ recent financial performance and projections remain a key focus for investors.
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