Essential Properties Realty Trust (EPRT) to Release Quarterly Earnings on Wednesday

Essential Properties Realty Trust (NYSE:EPRT) will be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Essential Properties Realty Trust to post earnings of $0.43 per share for the quarter. Essential Properties Realty Trust has set its FY 2024 guidance at 1.720-1.750 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). The business had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $102.99 million. Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. On average, analysts expect Essential Properties Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Essential Properties Realty Trust Stock Up 0.9 %

Shares of NYSE:EPRT opened at $34.15 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 4.90 and a quick ratio of 4.90. The firm has a market capitalization of $5.99 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 2.78 and a beta of 1.37. The firm’s 50-day moving average is $32.40 and its two-hundred day moving average is $29.25. Essential Properties Realty Trust has a 1 year low of $20.49 and a 1 year high of $34.51.

Essential Properties Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 94.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EPRT shares. UBS Group boosted their price objective on Essential Properties Realty Trust from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Stifel Nicolaus boosted their price objective on Essential Properties Realty Trust from $32.00 to $36.25 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company reissued an “overweight” rating and set a $37.00 price objective (up from $34.00) on shares of Essential Properties Realty Trust in a research report on Tuesday, October 1st. Evercore ISI boosted their price objective on Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Raymond James boosted their price objective on Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.06.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the transaction, the chief executive officer now owns 446,076 shares in the company, valued at approximately $14,421,637.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc, a real estate company, acquires, owns, and manages single-tenant properties in the United States. The company leases its properties to middle-market companies, such as restaurants, car washes, automotive services, medical and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.