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

Essential Properties Realty Trust (NYSE:EPRT) is expected to be posting its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect Essential Properties Realty Trust to post earnings of $0.46 per share and revenue of $124.88 million for the quarter. Essential Properties Realty Trust has set its FY 2025 guidance at 1.850-1.890 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. On average, analysts expect Essential Properties Realty Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Essential Properties Realty Trust Stock Performance

Shares of EPRT stock opened at $31.46 on Wednesday. The firm has a market cap of $5.91 billion, a P/E ratio of 27.60, a PEG ratio of 2.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36. Essential Properties Realty Trust has a fifty-two week low of $24.72 and a fifty-two week high of $34.88. The stock’s 50-day moving average is $31.56 and its two-hundred day moving average is $32.14.

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were issued a $0.295 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.75%. Essential Properties Realty Trust’s dividend payout ratio is currently 103.51%.

Insider Activity

In related news, Director Stephen D. Sautel sold 12,500 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $32.54, for a total value of $406,750.00. Following the completion of the transaction, the director now directly owns 178,785 shares in the company, valued at approximately $5,817,663.90. This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EPRT shares. Capital One Financial started coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, February 12th. They set an “overweight” rating and a $35.00 price target on the stock. Scotiabank decreased their price target on Essential Properties Realty Trust from $33.00 to $32.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Barclays reduced their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, B. Riley downgraded Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and increased their price target for the company from $29.50 to $33.50 in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.91.

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.