Essential Properties Realty Trust (NYSE:EPRT) Releases FY25 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.84-$1.89 for the period, compared to the consensus EPS estimate of $2.02. Essential Properties Realty Trust also updated its FY 2024 guidance to 1.840-1.890 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EPRT. Scotiabank raised their target price on Essential Properties Realty Trust from $30.00 to $32.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Wedbush started coverage on shares of Essential Properties Realty Trust in a research report on Monday, August 19th. They issued an “outperform” rating and a $34.00 price target for the company. Stifel Nicolaus raised their price objective on shares of Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a research note on Thursday, September 26th. Evercore ISI boosted their target price on shares of Essential Properties Realty Trust from $33.00 to $34.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Raymond James raised their price target on shares of Essential Properties Realty Trust from $28.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.06.

Essential Properties Realty Trust Stock Performance

EPRT stock traded up $0.07 during midday trading on Wednesday, hitting $33.89. The company’s stock had a trading volume of 986,583 shares, compared to its average volume of 1,345,409. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.78 and a beta of 1.37. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59. The stock’s 50-day moving average price is $32.56 and its 200 day moving average price is $29.39. Essential Properties Realty Trust has a 1 year low of $20.61 and a 1 year high of $34.51.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.13). Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The company had revenue of $109.30 million during the quarter, compared to analysts’ expectations of $102.99 million. During the same period last year, the firm posted $0.41 earnings per share. Essential Properties Realty Trust’s quarterly revenue was up 26.4% compared to the same quarter last year. On average, equities analysts forecast that Essential Properties Realty Trust will post 1.68 EPS for the current year.

Essential Properties Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Monday, September 30th. Essential Properties Realty Trust’s payout ratio is 94.31%.

Insider Transactions at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 27,817 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total value of $899,323.61. Following the completion of the sale, the chief executive officer now directly owns 446,076 shares of the company’s stock, valued at $14,421,637.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.81% of the stock is currently owned by company insiders.

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 and dental services, convenience stores, equipment rental, entertainment, early childhood education, grocery, and health and fitness on a long-term basis.