Brokerages Anticipate Essential Properties Realty Trust, Inc. (NYSE:EPRT) Will Post Earnings of $0.33 Per Share

Equities analysts forecast that Essential Properties Realty Trust, Inc. (NYSE:EPRT) will report earnings per share of $0.33 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Essential Properties Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.35. Essential Properties Realty Trust posted earnings per share of $0.28 during the same quarter last year, which would suggest a positive year over year growth rate of 17.9%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 3rd.

According to Zacks, analysts expect that Essential Properties Realty Trust will report full year earnings of $1.32 per share for the current financial year, with EPS estimates ranging from $1.29 to $1.35. For the next fiscal year, analysts expect that the firm will post earnings of $1.48 per share, with EPS estimates ranging from $1.42 to $1.51. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, July 28th. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Essential Properties Realty Trust had a return on equity of 3.40% and a net margin of 29.80%.

Several research firms have recently commented on EPRT. Truist raised their price objective on Essential Properties Realty Trust from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, August 16th. They noted that the move was a valuation call. TheStreet raised Essential Properties Realty Trust from a “c” rating to a “b” rating in a research note on Monday, June 21st. Mizuho lifted their target price on Essential Properties Realty Trust from $29.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, August 24th. Raymond James lifted their target price on Essential Properties Realty Trust from $25.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, June 17th. Finally, Wolfe Research initiated coverage on Essential Properties Realty Trust in a research note on Monday, June 14th. They set an “outperform” rating and a $36.00 target price on the stock. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $30.06.

Shares of NYSE EPRT traded up $0.20 during trading on Thursday, reaching $29.29. The company had a trading volume of 12,554 shares, compared to its average volume of 871,091. The company has a quick ratio of 8.37, a current ratio of 8.37 and a debt-to-equity ratio of 0.55. Essential Properties Realty Trust has a 12-month low of $16.18 and a 12-month high of $32.92. The stock has a market cap of $3.46 billion, a PE ratio of 55.94, a P/E/G ratio of 2.13 and a beta of 1.35. The business’s 50-day moving average is $30.30 and its 200 day moving average is $27.22.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Thursday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, September 29th. Essential Properties Realty Trust’s dividend payout ratio is presently 90.09%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its holdings in Essential Properties Realty Trust by 195.6% during the 2nd quarter. Advisor Group Holdings Inc. now owns 1,005 shares of the company’s stock valued at $27,000 after buying an additional 665 shares in the last quarter. FORA Capital LLC purchased a new position in Essential Properties Realty Trust during the 1st quarter valued at approximately $46,000. Lazard Asset Management LLC purchased a new position in Essential Properties Realty Trust during the 2nd quarter valued at approximately $50,000. Advisory Services Network LLC purchased a new position in shares of Essential Properties Realty Trust in the 2nd quarter worth approximately $54,000. Finally, Quantbot Technologies LP purchased a new position in shares of Essential Properties Realty Trust in the 1st quarter worth approximately $100,000.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc engages in the acquisition, ownership, and management of single-tenant properties that are net leased on a long-term basis to middle-market companies, which operates service-oriented or experience-based businesses. Its portfolio includes the following: Captain D’s, Art Van Furniture, Mister Car Wash, Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday and White Oak Station.

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

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