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

Essential Properties Realty Trust (NYSE:EPRT) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce 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.Parties that are interested in registering for the company’s conference call can do so using this link.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.29 earnings per share 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 firm had revenue of $109.30 million during the quarter, compared to analysts’ expectations of $102.99 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. 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 Trading Down 0.8 %

EPRT stock opened at $33.89 on Tuesday. Essential Properties Realty Trust has a 52-week low of $20.49 and a 52-week high of $34.51. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59. The firm has a market cap of $5.94 billion, a P/E ratio of 27.58, a PEG ratio of 2.78 and a beta of 1.37. The company’s 50-day simple moving average is $32.40 and its 200-day simple moving average is $29.28.

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 given 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 3.42%. Essential Properties Realty Trust’s dividend payout ratio is currently 94.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EPRT. Scotiabank boosted their price objective on Essential Properties Realty Trust from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Wells Fargo & Company reissued an “overweight” rating and issued a $37.00 price target (up previously from $34.00) on shares of Essential Properties Realty Trust in a report on Tuesday, October 1st. The Goldman Sachs Group initiated coverage on shares of Essential Properties Realty Trust in a report on Friday, June 28th. They set a “buy” rating and a $33.00 price objective on the stock. Raymond James lifted their target price on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, Wedbush started coverage on shares of Essential Properties Realty Trust in a research report on Monday, August 19th. They set an “outperform” rating and a $34.00 price target for the company. 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, the company has an average rating of “Moderate Buy” and an average price target of $33.06.

Insider Activity at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s 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 sale, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at $14,421,637.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.