$0.30 EPS Expected for Essential Properties Realty Trust, Inc. (NYSE:EPRT) This Quarter

Wall Street brokerages expect that Essential Properties Realty Trust, Inc. (NYSE:EPRT) will announce $0.30 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Essential Properties Realty Trust’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.31. Essential Properties Realty Trust posted earnings per share of $0.11 during the same quarter last year, which suggests a positive year-over-year growth rate of 172.7%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 4th.

On average, analysts expect that Essential Properties Realty Trust will report full year earnings of $1.24 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.29. For the next financial year, analysts forecast that the firm will post earnings of $1.37 per share, with EPS estimates ranging from $1.32 to $1.45. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Monday, May 3rd. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.15). Essential Properties Realty Trust had a net margin of 31.54% and a return on equity of 3.73%.

Several research firms have issued reports on EPRT. Credit Suisse Group boosted their price objective on shares of Essential Properties Realty Trust from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday. Raymond James upped their price target on shares of Essential Properties Realty Trust from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, March 16th. Truist Securities upped their price target on shares of Essential Properties Realty Trust from $23.00 to $26.00 in a report on Tuesday, March 16th. Mizuho increased their price objective on shares of Essential Properties Realty Trust from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Finally, Truist increased their target price on shares of Essential Properties Realty Trust from $23.00 to $26.00 in a research report on Tuesday, March 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $21.95.

Shares of NYSE:EPRT traded down $0.39 during trading on Tuesday, reaching $26.02. The stock had a trading volume of 11,334 shares, compared to its average volume of 982,771. The business has a fifty day moving average price of $24.46 and a 200-day moving average price of $21.72. The company has a quick ratio of 14.29, a current ratio of 14.29 and a debt-to-equity ratio of 0.51. The stock has a market cap of $3.06 billion, a P/E ratio of 45.60 and a beta of 1.32. Essential Properties Realty Trust has a fifty-two week low of $10.46 and a fifty-two week high of $26.70.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Tuesday, March 30th. Essential Properties Realty Trust’s dividend payout ratio is presently 152.38%.

Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp lifted its stake in Essential Properties Realty Trust by 24.9% during the third quarter. Van ECK Associates Corp now owns 2,787 shares of the company’s stock valued at $51,000 after buying an additional 556 shares in the last quarter. Veriti Management LLC purchased a new stake in shares of Essential Properties Realty Trust in the fourth quarter worth approximately $96,000. Federated Hermes Inc. purchased a new stake in shares of Essential Properties Realty Trust in the fourth quarter worth approximately $154,000. Amalgamated Bank purchased a new stake in shares of Essential Properties Realty Trust in the fourth quarter worth approximately $208,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Essential Properties Realty Trust in the fourth quarter worth approximately $214,000.

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, and health and fitness on a long-term basis.

Further Reading: retirement calculator

Get a free copy of the Zacks research report on Essential Properties Realty Trust (EPRT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Essential Properties Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Essential Properties Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.