State Street Cuts EPRT Stake to 9.0% as of Dec 31, 2023
Ticker: EPRT · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1728951
| Field | Detail |
|---|---|
| Company | Essential Properties Realty Trust, INC. (EPRT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amended-filing, reit, portfolio-rebalancing
TL;DR
**State Street trimmed its EPRT stake to 9.0% by year-end 2023.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership in Essential Properties Realty Trust Inc. (EPRT). As of December 31, 2023, State Street reported beneficial ownership of 10,767,078 shares, representing 9.0% of the REIT's common stock. This filing indicates a slight decrease from its previous reported stake, signaling a potential rebalancing of its portfolio allocation in EPRT.
Why It Matters
This matters because State Street is a significant institutional investor, and changes in its holdings can influence market perception and potentially the stock price of Essential Properties Realty Trust Inc.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate significant risk to the company or its shareholders.
Analyst Insight
Investors should note that a large institutional investor like State Street has slightly reduced its stake, which could be part of routine portfolio rebalancing or a minor shift in sentiment. It's worth monitoring future filings for further changes in their position and considering the broader market context for REITs.
Key Numbers
- 10,767,078 — Shares Beneficially Owned (Represents State Street Corporation's total ownership in Essential Properties Realty Trust Inc. as of December 31, 2023.)
- 9.0% — Percentage of Class (Indicates State Street Corporation's significant, but slightly reduced, stake in Essential Properties Realty Trust Inc.)
- 20240130 — Filing Date (The date the SC 13G/A amendment was filed, providing updated ownership information.)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Essential Properties Realty Trust Inc. (company) — the issuer whose securities are being reported
- 10,767,078 shares (dollar_amount) — the total number of shares beneficially owned by State Street Corporation
- 9.0% (dollar_amount) — the percentage of the class of securities beneficially owned by State Street Corporation
- December 31, 2023 (person) — the date of the event which required the filing of this statement
Forward-Looking Statements
- State Street Corporation will continue to be a significant institutional holder of Essential Properties Realty Trust Inc. shares. (State Street Corporation) — high confidence, target: 12/31/2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment by State Street Corporation to update its beneficial ownership in Essential Properties Realty Trust Inc. as of December 31, 2023, as required by Rule 13D-1(B) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, with IRS Identification No. 04-2456637, located at 1 Congress Street, Suite 1, Boston, MA 02114.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the REIT (Title of Class of Securities) of Essential Properties Realty Trust Inc. is 29670E107.
What percentage of Essential Properties Realty Trust Inc. does State Street Corporation beneficially own?
As of December 31, 2023, State Street Corporation beneficially owns 9.0% of the class of securities of Essential Properties Realty Trust Inc.
When was the event date that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 by December 31, 2023 regarding ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT).