$38.27 Million in Sales Expected for Essential Properties Realty Trust Inc (NYSE:EPRT) This Quarter

Wall Street brokerages expect Essential Properties Realty Trust Inc (NYSE:EPRT) to report sales of $38.27 million for the current quarter, Zacks reports. Four analysts have provided estimates for Essential Properties Realty Trust’s earnings. The lowest sales estimate is $36.51 million and the highest is $39.19 million. Essential Properties Realty Trust posted sales of $28.65 million during the same quarter last year, which would indicate a positive year over year growth rate of 33.6%. The business is scheduled to issue its next earnings report on Wednesday, February 26th.

On average, analysts expect that Essential Properties Realty Trust will report full year sales of $138.66 million for the current fiscal year, with estimates ranging from $137.39 million to $139.52 million. For the next financial year, analysts anticipate that the business will report sales of $174.73 million, with estimates ranging from $146.93 million to $189.35 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Essential Properties Realty Trust had a return on equity of 3.33% and a net margin of 25.70%. The firm had revenue of $36.29 million during the quarter, compared to analyst estimates of $34.78 million.

Several research firms have recently issued reports on EPRT. Capital One Financial began coverage on shares of Essential Properties Realty Trust in a report on Monday, December 16th. They issued an “overweight” rating and a $29.00 price objective for the company. Barclays reiterated a “hold” rating and issued a $22.00 price objective on shares of Essential Properties Realty Trust in a report on Sunday, October 13th. Stifel Nicolaus increased their price objective on shares of Essential Properties Realty Trust from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Zacks Investment Research lowered shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, ValuEngine lowered shares of Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Essential Properties Realty Trust presently has an average rating of “Hold” and an average price target of $22.48.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Winslow Evans & Crocker Inc. acquired a new position in shares of Essential Properties Realty Trust during the 4th quarter worth $98,000. Manning & Napier Group LLC increased its stake in shares of Essential Properties Realty Trust by 1.2% during the 4th quarter. Manning & Napier Group LLC now owns 197,704 shares of the company’s stock worth $4,903,000 after purchasing an additional 2,300 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Essential Properties Realty Trust by 1,243.9% in the 4th quarter. State of Alaska Department of Revenue now owns 84,020 shares of the company’s stock valued at $2,083,000 after buying an additional 77,768 shares during the last quarter. Metropolitan Life Insurance Co NY grew its stake in Essential Properties Realty Trust by 88.6% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 27,423 shares of the company’s stock valued at $628,000 after buying an additional 12,882 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in Essential Properties Realty Trust by 380.4% in the 3rd quarter. Squarepoint Ops LLC now owns 202,633 shares of the company’s stock valued at $4,642,000 after buying an additional 160,452 shares during the last quarter.

Shares of NYSE:EPRT traded down $0.19 during trading on Monday, reaching $25.68. 7,406 shares of the company’s stock traded hands, compared to its average volume of 1,103,946. Essential Properties Realty Trust has a 12 month low of $14.21 and a 12 month high of $27.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.82 and a quick ratio of 2.82. The stock has a market capitalization of $2.17 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 1.70 and a beta of 0.39. The company has a 50 day moving average of $25.29 and a 200-day moving average of $23.46.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.23 per share. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, December 30th. This represents a $0.92 annualized dividend and a dividend yield of 3.58%.

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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Earnings History and Estimates for Essential Properties Realty Trust (NYSE:EPRT)

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