Essential Properties Realty Trust (EPRT) to Release Quarterly Earnings on Thursday

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%.

Insider Activity

In other news, CEO Peter M. Mavoides purchased 20,000 shares of the stock in a transaction dated Monday, June 13th. The shares were purchased at an average cost of $20.68 per share, with a total value of $413,600.00. Following the acquisition, the chief executive officer now directly owns 459,170 shares of the company’s stock, valued at $9,495,635.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.27% of the company’s stock.

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

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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.