Analysts Offer Predictions for EPRT FY2024 Earnings

Essential Properties Realty Trust, Inc. (NYSE:EPRT) – Stock analysts at Capital One Financial issued their FY2024 earnings estimates for Essential Properties Realty Trust in a research report issued on Wednesday, February 12th. Capital One Financial analyst D. Guglielmo forecasts that the company will post earnings of $1.69 per share for the year. Capital One Financial has a “Overweight” rating and a $35.00 price target on the stock. The consensus estimate for Essential Properties Realty Trust’s current full-year earnings is $1.68 per share. Capital One Financial also issued estimates for Essential Properties Realty Trust’s Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.49 EPS and FY2025 earnings at $1.86 EPS.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results 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 net margin of 46.00% and a return on equity of 6.20%.

EPRT has been the subject of a number of other research reports. Mizuho lifted their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Wells Fargo & Company cut their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Scotiabank lifted their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Barclays cut their price objective on shares of 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, UBS Group boosted their target price on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.25.

Essential Properties Realty Trust Trading Up 1.4 %

NYSE EPRT opened at $31.14 on Friday. Essential Properties Realty Trust has a 1 year low of $23.58 and a 1 year high of $34.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. The company has a fifty day moving average of $31.69 and a 200 day moving average of $32.10. The company has a market capitalization of $5.46 billion, a PE ratio of 27.07, a P/E/G ratio of 2.91 and a beta of 1.40.

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.79%. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 31st. Essential Properties Realty Trust’s payout ratio is presently 102.61%.

Hedge Funds Weigh In On Essential Properties Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of EPRT. Blue Trust Inc. lifted its holdings in shares of Essential Properties Realty Trust by 95.2% in the 3rd quarter. Blue Trust Inc. now owns 818 shares of the company’s stock worth $28,000 after acquiring an additional 399 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of Essential Properties Realty Trust in the 4th quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Essential Properties Realty Trust by 74.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,096 shares of the company’s stock worth $34,000 after acquiring an additional 468 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Essential Properties Realty Trust by 1,834.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,180 shares of the company’s stock worth $37,000 after buying an additional 1,119 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Essential Properties Realty Trust by 215.4% during the 4th quarter. Versant Capital Management Inc now owns 1,211 shares of the company’s stock worth $38,000 after buying an additional 827 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Essential Properties Realty Trust Company Profile

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.