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

Essential Properties Realty Trust (NYSE:EPRT) is set to announce its earnings results after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT opened at $30.77 on Tuesday. The company has a current ratio of 7.61, a quick ratio of 7.61 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. Essential Properties Realty Trust has a twelve month low of $20.49 and a twelve month high of $31.08. The business has a 50 day simple moving average of $27.82 and a 200-day simple moving average of $26.25.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Friday, June 28th. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s payout ratio is currently 94.31%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Essential Properties Realty Trust in a research report on Friday, June 28th. They issued a “buy” rating and a $33.00 price target on the stock. Mizuho raised their target price on shares of Essential Properties Realty Trust from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Scotiabank upped their target price on Essential Properties Realty Trust from $26.00 to $28.00 and gave the company a “sector perform” rating in a report on Wednesday, May 29th. UBS Group raised their price target on Essential Properties Realty Trust from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Evercore ISI downgraded Essential Properties Realty Trust from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $30.00 to $32.00 in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Essential Properties Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $29.67.

Insiders Place Their Bets

In related news, Director Stephen D. Sautel sold 25,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $27.09, for a total value of $677,250.00. Following the completion of the transaction, the director now owns 247,492 shares in the company, valued at approximately $6,704,558.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 12,712 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $28.03, for a total transaction of $356,317.36. Following the completion of the transaction, the chief executive officer now directly owns 500,552 shares of the company’s stock, valued at approximately $14,030,472.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen D. Sautel sold 25,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $27.09, for a total value of $677,250.00. Following the completion of the sale, the director now directly owns 247,492 shares in the company, valued at approximately $6,704,558.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,775 shares of company stock worth $1,641,734. 0.81% of the stock is owned by company insiders.

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.