$66.69 Million in Sales Expected for Essential Properties Realty Trust, Inc. (NYSE:EPRT) This Quarter

Equities analysts forecast that Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Rating) will post sales of $66.69 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Essential Properties Realty Trust’s earnings. The lowest sales estimate is $64.07 million and the highest is $69.40 million. Essential Properties Realty Trust posted sales of $48.55 million during the same quarter last year, which suggests a positive year-over-year growth rate of 37.4%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Essential Properties Realty Trust will report full year sales of $284.25 million for the current fiscal year, with estimates ranging from $257.74 million to $305.68 million. For the next fiscal year, analysts expect that the firm will post sales of $333.46 million, with estimates ranging from $262.43 million to $378.06 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRTGet Rating) last posted its earnings results on Wednesday, February 16th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Essential Properties Realty Trust had a net margin of 41.58% and a return on equity of 4.93%. During the same quarter last year, the business posted $0.27 EPS.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 24th. Raymond James dropped their price target on shares of Essential Properties Realty Trust from $34.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, March 11th. Mizuho downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $28.00 in a research note on Thursday, January 20th. LADENBURG THALM/SH SH lifted their price target on shares of Essential Properties Realty Trust from $27.00 to $28.50 in a research note on Tuesday, March 1st. Finally, Bank of America downgraded shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $31.00 to $30.00 in a research note on Thursday, January 20th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Essential Properties Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $31.19.

Shares of NYSE:EPRT traded down $0.07 during midday trading on Tuesday, hitting $25.12. 382,712 shares of the company’s stock traded hands, compared to its average volume of 913,308. Essential Properties Realty Trust has a twelve month low of $23.72 and a twelve month high of $32.92. The company has a market cap of $3.29 billion, a PE ratio of 31.01, a P/E/G ratio of 2.07 and a beta of 1.40. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.66 and a current ratio of 3.66. The firm’s fifty day moving average price is $25.15 and its two-hundred day moving average price is $27.09.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 13th. Stockholders of record on Thursday, March 31st will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Wednesday, March 30th. Essential Properties Realty Trust’s payout ratio is currently 128.40%.

Large investors have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Essential Properties Realty Trust by 218.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,594 shares of the company’s stock valued at $75,000 after buying an additional 1,779 shares during the last quarter. Van ECK Associates Corp boosted its stake in Essential Properties Realty Trust by 15.6% during the 3rd quarter. Van ECK Associates Corp now owns 5,459 shares of the company’s stock valued at $152,000 after purchasing an additional 737 shares during the period. Schroder Investment Management Group boosted its stake in Essential Properties Realty Trust by 1,374.9% during the 3rd quarter. Schroder Investment Management Group now owns 5,590 shares of the company’s stock valued at $156,000 after purchasing an additional 5,211 shares during the period. M&T Bank Corp acquired a new position in Essential Properties Realty Trust during the 3rd quarter valued at about $215,000. Finally, Point72 Hong Kong Ltd boosted its stake in Essential Properties Realty Trust by 231.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 8,152 shares of the company’s stock valued at $228,000 after purchasing an additional 5,693 shares during the period. 96.97% of the stock is owned by institutional investors and hedge funds.

About Essential Properties Realty Trust (Get Rating)

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.

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Earnings History and Estimates for Essential Properties Realty Trust (NYSE:EPRT)

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