Essential Properties Realty Trust, Inc. (NYSE:EPRT) Declares Quarterly Dividend of $0.32

Essential Properties Realty Trust, Inc. (NYSE:EPRT) declared a quarterly dividend on Monday, June 1st. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.32 per share on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, June 30th. This is a 3.2% increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31.

Essential Properties Realty Trust has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 years. Essential Properties Realty Trust has a dividend payout ratio of 92.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Essential Properties Realty Trust to earn $2.10 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 59.0%.

Essential Properties Realty Trust Stock Down 1.7%

Shares of Essential Properties Realty Trust stock opened at $30.06 on Tuesday. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $31.40 and its 200-day simple moving average is $31.36. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 2.42 and a beta of 0.91. Essential Properties Realty Trust has a twelve month low of $28.95 and a twelve month high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.05). The company had revenue of $158.80 million for the quarter, compared to analyst estimates of $151.87 million. Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. Equities research analysts forecast that Essential Properties Realty Trust will post 1.96 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Essential Properties Realty Trust from $36.00 to $36.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Barclays boosted their price objective on Essential Properties Realty Trust from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Evercore reissued an “outperform” rating on shares of Essential Properties Realty Trust in a report on Tuesday, February 17th. Scotiabank lowered their target price on Essential Properties Realty Trust from $35.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Essential Properties Realty Trust in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Essential Properties Realty Trust currently has an average rating of “Buy” and an average target price of $36.50.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.