Essential Properties Realty Trust (NYSE:EPRT – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Thursday, July 28th. Analysts expect Essential Properties Realty Trust to post earnings of $0.38 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
Essential Properties Realty Trust Stock Up 0.2 %
Shares of NYSE:EPRT opened at $22.79 on Thursday. Essential Properties Realty Trust has a 1 year low of $19.73 and a 1 year high of $32.92. The company has a market cap of $2.99 billion, a PE ratio of 25.90, a P/E/G ratio of 1.98 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.20 and a quick ratio of 3.20. The stock’s 50-day moving average is $22.04 and its 200 day moving average is $24.27.
Essential Properties Realty Trust Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Investors of record on Thursday, June 30th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Wednesday, June 29th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.26. Essential Properties Realty Trust’s payout ratio is currently 122.73%.
Hedge Funds Weigh In On Essential Properties Realty Trust
Hedge funds and other institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in Essential Properties Realty Trust in the 1st quarter worth $212,000. Cetera Advisor Networks LLC raised its holdings in Essential Properties Realty Trust by 49.1% in the 1st quarter. Cetera Advisor Networks LLC now owns 10,705 shares of the company’s stock worth $271,000 after purchasing an additional 3,525 shares during the period. Jane Street Group LLC bought a new position in Essential Properties Realty Trust in the 1st quarter worth $284,000. Mackenzie Financial Corp increased its stake in Essential Properties Realty Trust by 44.3% in the 1st quarter. Mackenzie Financial Corp now owns 11,836 shares of the company’s stock worth $299,000 after buying an additional 3,633 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in Essential Properties Realty Trust in the 1st quarter worth $326,000. 95.24% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Credit Suisse Group restated a “neutral” rating and set a $22.00 price target on shares of Essential Properties Realty Trust in a report on Thursday, June 23rd. The Goldman Sachs Group downgraded Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $31.00 to $26.00 in a report on Wednesday, May 25th. Raymond James cut their price target on Essential Properties Realty Trust from $28.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, July 8th. Evercore ISI set a $26.00 price target on Essential Properties Realty Trust in a research note on Monday, June 20th. Finally, Truist Financial cut their price target on Essential Properties Realty Trust from $32.00 to $28.00 and set a “na” rating on the stock in a research note on Monday, May 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.69.
About Essential Properties Realty Trust
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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