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

Brokerages forecast that Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get Rating) will post sales of $66.69 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Essential Properties Realty Trust’s earnings, with the lowest sales estimate coming in at $64.07 million and the highest estimate coming in at $69.40 million. Essential Properties Realty Trust reported sales of $48.55 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 37.4%. The firm is scheduled to report its next earnings results after the market closes 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 financial year, with estimates ranging from $257.74 million to $305.68 million. For the next fiscal year, analysts forecast that the company will report sales of $333.46 million, with estimates ranging from $262.43 million to $378.06 million. Zacks’ sales averages are an average based on a survey of analysts that follow Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRT – Get Rating) last released its quarterly earnings results on Wednesday, February 16th. The company reported $0.24 EPS for the quarter, beating the 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 period in the prior year, the business posted $0.27 earnings per share.

A number of equities analysts have recently issued reports on the stock. Raymond James cut their price target on shares of Essential Properties Realty Trust from $34.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, March 11th. Zacks Investment Research cut shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 24th. LADENBURG THALM/SH SH raised their price target on shares of Essential Properties Realty Trust from $27.00 to $28.50 in a research note on Tuesday, March 1st. Bank of America cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $31.00 to $30.00 in a research note on Thursday, January 20th. Finally, Mizuho cut shares of Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $35.00 to $28.00 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. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $31.19.

Several hedge funds have recently added to or reduced their stakes in EPRT. Balyasny Asset Management LLC acquired a new position in Essential Properties Realty Trust in the third quarter worth $6,995,000. Daiwa Securities Group Inc. boosted its holdings in shares of Essential Properties Realty Trust by 12.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 35,822 shares of the company’s stock valued at $1,033,000 after acquiring an additional 4,034 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Essential Properties Realty Trust during the third quarter valued at $247,000. Deutsche Bank AG boosted its holdings in shares of Essential Properties Realty Trust by 7.3% during the third quarter. Deutsche Bank AG now owns 5,624,994 shares of the company’s stock valued at $157,050,000 after acquiring an additional 382,005 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in shares of Essential Properties Realty Trust by 2.1% during the fourth quarter. Brown Advisory Inc. now owns 1,690,825 shares of the company’s stock valued at $48,746,000 after acquiring an additional 35,531 shares during the period. 96.97% of the stock is owned by institutional investors and hedge funds.

Shares of Essential Properties Realty Trust stock opened at $25.58 on Tuesday. The company has a market cap of $3.35 billion, a P/E ratio of 31.11, a PEG ratio of 2.11 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. Essential Properties Realty Trust has a one year low of $23.72 and a one year high of $32.92. The firm has a fifty day moving average of $25.23 and a two-hundred day moving average of $26.95.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 13th. Stockholders of record on Thursday, March 31st were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Wednesday, March 30th. Essential Properties Realty Trust’s payout ratio is currently 128.40%.

Essential Properties Realty Trust Company Profile (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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