Essential Properties Realty Trust (NYSE:EPRT) Announces Earnings Results, Misses Expectations By $0.15 EPS


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Essential Properties Realty Trust (NYSE:EPRT) released its earnings results on Monday. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.15), MarketWatch Earnings reports. Essential Properties Realty Trust had a net margin of 31.54% and a return on equity of 3.73%. Essential Properties Realty Trust updated its FY 2021 guidance to 1.220-1.260 EPS.

Essential Properties Realty Trust stock opened at $26.41 on Tuesday. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 46.33 and a beta of 1.32. The firm’s fifty day moving average is $24.46 and its 200 day moving average is $21.72. Essential Properties Realty Trust has a 52-week low of $10.46 and a 52-week high of $26.70. The company has a quick ratio of 14.29, a current ratio of 14.29 and a debt-to-equity ratio of 0.51.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Tuesday, March 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 152.38%.

A number of research firms have recently commented on EPRT. Mizuho raised their price target on Essential Properties Realty Trust from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Truist Securities raised their price objective on shares of Essential Properties Realty Trust from $23.00 to $26.00 in a research report on Tuesday, March 16th. Truist upped their target price on Essential Properties Realty Trust from $23.00 to $26.00 in a research note on Tuesday, March 16th. Raymond James lifted their price objective on Essential Properties Realty Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, March 16th. Finally, Bank of America raised Essential Properties Realty Trust from an “underperform” rating to a “buy” rating in a research note on Tuesday, April 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Essential Properties Realty Trust has an average rating of “Buy” and an average target price of $21.95.

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, and health and fitness on a long-term basis.

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Earnings History for Essential Properties Realty Trust (NYSE:EPRT)

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