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%.
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.
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