Analysts Anticipate Essential Properties Realty Trust Inc (EPRT) to Post $0.27 Earnings Per Share

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Wall Street brokerages expect Essential Properties Realty Trust Inc (NYSE:EPRT) to post earnings of $0.27 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Essential Properties Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.28. The firm is scheduled to report its next earnings results on Monday, February 4th.

According to Zacks, analysts expect that Essential Properties Realty Trust will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.53 to $1.00. For the next financial year, analysts anticipate that the business will report earnings of $1.18 per share, with EPS estimates ranging from $1.15 to $1.25. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Monday, November 5th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $25.74 million for the quarter, compared to analyst estimates of $25.60 million.

Several research analysts have commented on the company. Boenning Scattergood assumed coverage on Essential Properties Realty Trust in a report on Wednesday, December 12th. They set an “outperform” rating and a $17.00 target price on the stock. Zacks Investment Research downgraded Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, September 17th. Finally, Bank of America downgraded Essential Properties Realty Trust from a “neutral” rating to an “underperform” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.35.

Shares of EPRT opened at $14.27 on Friday. Essential Properties Realty Trust has a 12 month low of $13.05 and a 12 month high of $14.75. The company has a current ratio of 12.86, a quick ratio of 12.86 and a debt-to-equity ratio of 0.62.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 14th. Stockholders of record on Monday, December 31st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend is Friday, December 28th.

In other news, Director Paul T. Bossidy bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was acquired at an average cost of $14.22 per share, with a total value of $56,880.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Peter M. Mavoides bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was purchased at an average cost of $14.29 per share, with a total value of $142,900.00. The disclosure for this purchase can be found here. Insiders bought a total of 23,600 shares of company stock worth $333,991 over the last three months.

A number of institutional investors and hedge funds have recently modified their holdings of EPRT. BlackRock Inc. increased its holdings in Essential Properties Realty Trust by 230.7% during the 3rd quarter. BlackRock Inc. now owns 2,148,745 shares of the company’s stock worth $30,491,000 after purchasing an additional 1,499,036 shares in the last quarter. Millennium Management LLC bought a new stake in Essential Properties Realty Trust during the 2nd quarter worth approximately $19,566,000. Deutsche Bank AG increased its holdings in Essential Properties Realty Trust by 83.4% during the 3rd quarter. Deutsche Bank AG now owns 3,148,058 shares of the company’s stock worth $44,667,000 after purchasing an additional 1,431,185 shares in the last quarter. Alliancebernstein L.P. bought a new stake in Essential Properties Realty Trust during the 3rd quarter worth approximately $18,482,000. Finally, Mesirow Financial Investment Management Equity Management bought a new stake in Essential Properties Realty Trust during the 3rd quarter worth approximately $11,300,000. 78.81% of the stock is owned by hedge funds and other institutional investors.

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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.

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