Essential Properties Realty Trust (NYSE:EPRT) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Essential Properties Realty Trust (NYSE:EPRT) posted its quarterly earnings data on Wednesday. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.14, Zacks reports. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. Essential Properties Realty Trust updated its FY 2025 guidance to 1.850-1.890 EPS.

Essential Properties Realty Trust Stock Performance

Shares of EPRT traded up $0.08 during trading hours on Friday, hitting $31.20. The company’s stock had a trading volume of 270,631 shares, compared to its average volume of 1,013,428. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.91 and a beta of 1.40. 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 business has a 50 day simple moving average of $31.69 and a two-hundred day simple moving average of $32.10. Essential Properties Realty Trust has a 52-week low of $23.58 and a 52-week high of $34.88.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.295 dividend. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, December 31st. This represents a $1.18 annualized dividend and a dividend yield of 3.78%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 102.61%.

Analysts Set New Price Targets

EPRT has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Essential Properties Realty Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price target for the company. Mizuho raised 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 research note on Thursday, November 14th. Scotiabank raised 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 research note on Monday, November 25th. Wells Fargo & Company dropped their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, UBS Group raised their price objective on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

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.