Essential Properties Realty Trust (EPRT) Scheduled to Post Earnings on Wednesday

Essential Properties Realty Trust (NYSE:EPRT) is scheduled to be issuing its quarterly earnings data 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 interested in listening to the company’s earnings conference call can do so using this link.

Essential Properties Realty Trust (NYSE:EPRT) last released its earnings results on Wednesday, July 24th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). Essential Properties Realty Trust had a net margin of 48.12% and a return on equity of 6.28%. The business had revenue of $109.30 million for the quarter, compared to the consensus estimate of $102.99 million. During the same period in the prior year, the company posted $0.41 EPS. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. 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 Down 0.8 %

NYSE:EPRT opened at $33.89 on Tuesday. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 2.78 and a beta of 1.37. Essential Properties Realty Trust has a twelve month low of $20.49 and a twelve month high of $34.51. The stock has a fifty day simple moving average of $32.40 and a 200-day simple moving average of $29.28. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.59.

Essential Properties Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 94.31%.

Insider Transactions at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 27,817 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the sale, the chief executive officer now owns 446,076 shares in the company, valued at approximately $14,421,637.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EPRT shares. Wells Fargo & Company reissued an “overweight” rating and set a $37.00 price target (up previously from $34.00) on shares of Essential Properties Realty Trust in a research report on Tuesday, October 1st. Raymond James increased their target price on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Evercore ISI boosted their price target on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Truist Financial increased their price objective on shares of Essential Properties Realty Trust from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, UBS Group lifted their price objective on shares of Essential Properties Realty Trust from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.06.

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.