Wall Street analysts forecast that Essential Properties Realty Trust, Inc. (NYSE:EPRT) will post sales of $55.05 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Essential Properties Realty Trust’s earnings, with the lowest sales estimate coming in at $50.21 million and the highest estimate coming in at $59.72 million. Essential Properties Realty Trust posted sales of $42.91 million during the same quarter last year, which suggests a positive year over year growth rate of 28.3%. The business is expected to announce its next earnings report on Wednesday, November 3rd.
According to Zacks, analysts expect that Essential Properties Realty Trust will report full year sales of $214.12 million for the current financial year, with estimates ranging from $199.25 million to $229.69 million. For the next financial year, analysts anticipate that the business will report sales of $257.18 million, with estimates ranging from $203.67 million to $293.61 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Essential Properties Realty Trust.
Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, July 28th. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Essential Properties Realty Trust had a net margin of 29.80% and a return on equity of 3.40%.
Large investors have recently modified their holdings of the business. Advisor Group Holdings Inc. lifted its holdings in Essential Properties Realty Trust by 195.6% during the second quarter. Advisor Group Holdings Inc. now owns 1,005 shares of the company’s stock valued at $27,000 after purchasing an additional 665 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Essential Properties Realty Trust during the second quarter valued at approximately $50,000. Advisory Services Network LLC purchased a new position in Essential Properties Realty Trust during the second quarter valued at approximately $54,000. FORA Capital LLC purchased a new position in shares of Essential Properties Realty Trust in the first quarter valued at about $46,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Essential Properties Realty Trust in the first quarter worth about $100,000.
EPRT stock opened at $29.47 on Friday. The company has a current ratio of 8.37, a quick ratio of 8.37 and a debt-to-equity ratio of 0.55. The stock has a market cap of $3.49 billion, a P/E ratio of 56.67, a P/E/G ratio of 2.13 and a beta of 1.35. Essential Properties Realty Trust has a 1-year low of $16.18 and a 1-year high of $32.92. The stock’s fifty day simple moving average is $30.28 and its two-hundred day simple moving average is $27.12.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Thursday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.39%. The ex-dividend date is Wednesday, September 29th. Essential Properties Realty Trust’s dividend payout ratio is presently 90.09%.
About Essential Properties Realty Trust
Essential Properties Realty Trust, Inc engages in the acquisition, ownership, and management of single-tenant properties that are net leased on a long-term basis to middle-market companies, which operates service-oriented or experience-based businesses. Its portfolio includes the following: Captain D’s, Art Van Furniture, Mister Car Wash, Zips Car Wash, AMC Theaters, Perkins, 84 Lumber, Mirabito, Ruby Tuesday and White Oak Station.
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