Essential Properties Realty Trust (EPRT) Set to Announce Earnings on Wednesday

Essential Properties Realty Trust (NYSE:EPRT) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Essential Properties Realty Trust Stock Down 1.6 %

Shares of NYSE:EPRT opened at $24.76 on Wednesday. The company has a 50 day moving average price of $25.13 and a two-hundred day moving average price of $24.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 5.01 and a current ratio of 5.01. The company has a market capitalization of $4.19 billion, a PE ratio of 19.97, a PEG ratio of 1.88 and a beta of 1.27. Essential Properties Realty Trust has a 52 week low of $20.49 and a 52 week high of $26.77.

Essential Properties Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 91.94%.

Insider Activity

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 17,618 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $24.90, for a total transaction of $438,688.20. Following the sale, the chief executive officer now directly owns 353,303 shares of the company’s stock, valued at approximately $8,797,244.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Peter M. Mavoides sold 5,714 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $25.08, for a total value of $143,307.12. Following the completion of the sale, the chief executive officer now owns 565,892 shares of the company’s stock, valued at approximately $14,192,571.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Peter M. Mavoides sold 17,618 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $24.90, for a total transaction of $438,688.20. Following the transaction, the chief executive officer now owns 353,303 shares in the company, valued at $8,797,244.70. The disclosure for this sale can be found here. Insiders have sold 44,524 shares of company stock worth $1,113,438 over the last ninety days. Insiders own 0.81% of the company’s stock.

Institutional Trading of Essential Properties Realty Trust

A number of large investors have recently added to or reduced their stakes in EPRT. 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 valued at $271,000 after acquiring an additional 3,525 shares during the period. MetLife Investment Management LLC increased its position in Essential Properties Realty Trust by 55.0% during the 1st quarter. MetLife Investment Management LLC now owns 65,949 shares of the company’s stock worth $1,669,000 after buying an additional 23,396 shares during the period. Rhumbline Advisers lifted its holdings in shares of Essential Properties Realty Trust by 2.3% during the first quarter. Rhumbline Advisers now owns 357,906 shares of the company’s stock worth $9,055,000 after buying an additional 8,022 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Essential Properties Realty Trust by 1.5% in the first quarter. Great West Life Assurance Co. Can now owns 172,313 shares of the company’s stock valued at $4,470,000 after acquiring an additional 2,608 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Essential Properties Realty Trust by 4.1% in the first quarter. Vanguard Group Inc. now owns 19,944,341 shares of the company’s stock valued at $504,592,000 after acquiring an additional 788,670 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EPRT. Stifel Nicolaus lifted their target price on Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Mizuho dropped their target price on shares of Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Raymond James upped their price target on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, January 8th. BMO Capital Markets began coverage on shares of Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price objective for the company. Finally, B. Riley reaffirmed a “buy” rating and issued a $29.00 price objective (up from $27.50) on shares of Essential Properties Realty Trust in a research report on Wednesday, March 13th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Essential Properties Realty Trust has a consensus rating of “Buy” and a consensus price target of $28.22.

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.