BlackRock Amends EPRT Stake: Passive Ownership Update

Ticker: EPRT · Form: SC 13G/A · Filed: 2024-01-19T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment, real-estate

TL;DR

**BlackRock updated its passive stake in EPRT as of year-end 2023.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership in Essential Properties Realty Trust, Inc. (EPRT) as of December 31, 2023. This filing updates previous disclosures, showing BlackRock's continued significant, but passive, stake in the real estate investment trust. This matters to investors because BlackRock is a major institutional investor, and their holdings can signal confidence (or lack thereof) in the company's long-term prospects, even if their stake has slightly changed.

Why It Matters

This filing confirms BlackRock's ongoing substantial, yet passive, investment in Essential Properties Realty Trust, Inc., which can influence investor sentiment and the stock's perceived stability.

Risk Assessment

Risk Level: low — This is a routine update from a large institutional investor, indicating no immediate or significant change in company control or strategy.

Analyst Insight

A smart investor would note BlackRock's continued passive stake as a sign of institutional confidence, but recognize this filing alone doesn't signal a major change in investment thesis for Essential Properties Realty Trust, Inc.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., a security broker, dealer, and flotation company incorporated in Delaware.

What is the name of the issuer whose securities are being reported?

The issuer is ESSENTIAL PROPERTIES REALTY TRUST, INC., a real estate investment trust incorporated in Maryland.

What is the CUSIP number for the class of securities reported?

The CUSIP number for the Common Stock of Essential Properties Realty Trust, Inc. is 29670E107.

What was the date of the event that required this filing?

The date of the event which required the filing of this statement was December 31, 2023.

From the Filing

EDGAR Filing Documents for 0001086364-24-000376 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-000376 Filing Date 2024-01-19 Accepted 2024-01-19 14:40:55 Documents 1 Document Format Files Seq Description Document Type Size 1 us29670e1073_011924.txt SC 13G/A 11759 Complete submission text file 0001086364-24-000376.txt 13630 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 902 CARNEGIE CENTER BLVD. SUITE 520 PRINCETON NJ 08540 Business Address 902 CARNEGIE CENTER BLVD. SUITE 520 PRINCETON NJ 08540 6094360619 ESSENTIAL PROPERTIES REALTY TRUST, INC. (Subject) CIK : 0001728951 (see all company filings) EIN. : 824005693 | State of Incorp.: MD | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-90533 | Film No.: 24545220 SIC : 6798 Real Estate Investment Trusts (CF Office: 05 Real Estate & Construction)

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