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

Essential Properties Realty Trust (NYSE:EPRT) is set 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. Investors interested in listening to the company’s conference call can do so using this link.

Essential Properties Realty Trust Stock Performance

NYSE:EPRT opened at $25.76 on Tuesday. Essential Properties Realty Trust has a 1-year low of $20.49 and a 1-year high of $26.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 5.01 and a quick ratio of 5.01. The business has a 50 day moving average of $25.19 and a 200 day moving average of $24.41. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.88 and a beta of 1.27.

Essential Properties Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.43%. Essential Properties Realty Trust’s payout ratio is 91.94%.

Analyst Upgrades and Downgrades

EPRT has been the topic of a number of analyst reports. Mizuho decreased 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 research report on Thursday, March 7th. B. Riley reiterated a “buy” rating and issued a $29.00 price objective (up previously from $27.50) on shares of Essential Properties Realty Trust in a report on Wednesday, March 13th. Stifel Nicolaus boosted their target price on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Citigroup upgraded Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $25.00 to $28.50 in a research report on Friday, March 22nd. Finally, Raymond James boosted their price objective on Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $28.22.

Insider Buying and Selling at Essential Properties Realty Trust

In other news, CEO Peter M. Mavoides sold 9,188 shares of Essential Properties Realty Trust stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total value of $238,979.88. Following the sale, the chief executive officer now directly owns 554,904 shares in the company, valued at approximately $14,433,053.04. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Peter M. Mavoides sold 9,188 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total value of $238,979.88. Following the completion of the transaction, the chief executive officer now directly owns 554,904 shares of the company’s stock, valued at $14,433,053.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Peter M. Mavoides sold 5,714 shares of Essential Properties Realty Trust stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $25.08, for a total value of $143,307.12. Following the sale, the chief executive officer now owns 565,892 shares in the company, valued at $14,192,571.36. The disclosure for this sale can be found here. Insiders sold 44,524 shares of company stock valued at $1,113,438 in the last 90 days. Insiders own 0.81% of the company’s stock.

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.