Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.84-$1.89 for the period, compared to the consensus earnings per share estimate of $2.02. Essential Properties Realty Trust also updated its FY 2024 guidance to 1.840-1.890 EPS.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Wedbush initiated coverage on Essential Properties Realty Trust in a report on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target for the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $37.00 target price (up previously from $34.00) on shares of Essential Properties Realty Trust in a report on Tuesday, October 1st. Scotiabank lifted their price target on shares of Essential Properties Realty Trust from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Truist Financial increased their target price on Essential Properties Realty Trust from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus upped their price target on shares of 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.06.
Get Our Latest Stock Report on EPRT
Essential Properties Realty Trust Price Performance
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.13). Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The company had revenue of $109.30 million for the quarter, compared to analyst estimates of $102.99 million. During the same quarter in the previous year, the firm posted $0.41 EPS. Essential Properties Realty Trust’s quarterly revenue was up 26.4% on a year-over-year basis. Equities research analysts predict that Essential Properties Realty Trust will post 1.68 earnings per share for the current fiscal year.
Essential Properties Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued 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 dividend yield of 3.42%. Essential Properties Realty Trust’s dividend payout ratio is currently 94.31%.
Insider Buying and Selling
In related news, CEO Peter M. Mavoides sold 27,817 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the transaction, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at approximately $14,421,637.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.
Recommended Stories
- Five stocks we like better than Essential Properties Realty Trust
- How to Calculate Return on Investment (ROI)
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Where to Find Earnings Call Transcripts
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Top Stocks Investing in 5G Technology
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Essential Properties Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Properties Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.