Essential Properties Realty Trust (NYSE:EPRT) Updates FY25 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT) 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.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT traded up $0.05 during trading on Wednesday, hitting $33.87. The company had a trading volume of 538,977 shares, compared to its average volume of 1,343,203. Essential Properties Realty Trust has a 52 week low of $20.61 and a 52 week high of $34.51. The business’s 50-day moving average is $32.56 and its 200 day moving average is $29.39. The company has a market cap of $5.94 billion, a P/E ratio of 27.54, a PEG ratio of 2.78 and a beta of 1.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 4.90 and a current ratio of 4.90.

Essential Properties Realty Trust (NYSE:EPRT) 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.