Equities analysts expect Essential Properties Realty Trust Inc (NYSE:EPRT) to post $0.27 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Essential Properties Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.30. The company is scheduled to report its next earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Essential Properties Realty Trust will report full-year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.22. For the next financial year, analysts anticipate that the business will post earnings of $1.33 per share, with EPS estimates ranging from $1.27 to $1.37. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Essential Properties Realty Trust.
Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.14). The firm had revenue of $31.11 million for the quarter, compared to analyst estimates of $29.27 million. Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%.
Shares of NYSE EPRT traded up $0.26 during midday trading on Friday, reaching $20.64. 1,911,028 shares of the stock were exchanged, compared to its average volume of 1,047,022. Essential Properties Realty Trust has a twelve month low of $13.05 and a twelve month high of $21.83. The firm has a 50-day moving average price of $20.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 12.94 and a quick ratio of 12.94.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.22 per share. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, June 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.26%.
In other news, insider Peter M. Mavoides sold 43,891 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $19.82, for a total transaction of $869,919.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Gregg A. Seibert sold 24,352 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $19.82, for a total value of $482,656.64. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC purchased a new position in Essential Properties Realty Trust in the 1st quarter valued at $37,000. Nisa Investment Advisors LLC purchased a new position in Essential Properties Realty Trust in the 1st quarter valued at $40,000. PNC Financial Services Group Inc. lifted its holdings in Essential Properties Realty Trust by 49,292.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,421 shares of the company’s stock valued at $89,000 after purchasing an additional 6,408 shares in the last quarter. Legal & General Group Plc lifted its holdings in Essential Properties Realty Trust by 29.2% in the 4th quarter. Legal & General Group Plc now owns 6,976 shares of the company’s stock valued at $97,000 after purchasing an additional 1,577 shares in the last quarter. Finally, RMR Advisors LLC purchased a new position in Essential Properties Realty Trust in the 1st quarter valued at $98,000. Institutional investors own 76.07% of the company’s stock.
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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.
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