$0.39 EPS Expected for Essential Properties Realty Trust, Inc. (NYSE:EPRT) This Quarter

Brokerages expect Essential Properties Realty Trust, Inc. (NYSE:EPRTGet Rating) to report earnings per share (EPS) of $0.39 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Essential Properties Realty Trust’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.40. Essential Properties Realty Trust reported earnings per share of $0.34 in the same quarter last year, which indicates a positive year-over-year growth rate of 14.7%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Essential Properties Realty Trust will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.52 to $1.60. For the next fiscal year, analysts expect that the company will report earnings of $1.68 per share, with EPS estimates ranging from $1.66 to $1.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRTGet Rating) last released its quarterly earnings results on Wednesday, February 16th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. Essential Properties Realty Trust had a return on equity of 5.15% and a net margin of 42.54%. During the same quarter in the previous year, the firm posted $0.27 earnings per share.

EPRT has been the subject of several analyst reports. Raymond James lowered their price objective on Essential Properties Realty Trust from $34.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, March 11th. Mizuho lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $35.00 to $28.00 in a research note on Thursday, January 20th. Zacks Investment Research raised Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday. LADENBURG THALM/SH SH raised their price objective on Essential Properties Realty Trust from $27.00 to $28.50 in a research note on Tuesday, March 1st. Finally, Bank of America lowered Essential Properties Realty Trust from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $31.00 to $30.00 in a research note on Thursday, January 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Essential Properties Realty Trust presently has an average rating of “Buy” and a consensus target price of $30.31.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC raised its position in Essential Properties Realty Trust by 85.1% during the 1st quarter. Quadrant Capital Group LLC now owns 1,142 shares of the company’s stock valued at $29,000 after purchasing an additional 525 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Essential Properties Realty Trust by 218.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,594 shares of the company’s stock valued at $75,000 after acquiring an additional 1,779 shares during the period. Prospera Financial Services Inc purchased a new position in shares of Essential Properties Realty Trust in the 1st quarter valued at $128,000. Schroder Investment Management Group increased its holdings in shares of Essential Properties Realty Trust by 1,374.9% in the 3rd quarter. Schroder Investment Management Group now owns 5,590 shares of the company’s stock valued at $156,000 after acquiring an additional 5,211 shares during the period. Finally, Dupont Capital Management Corp purchased a new position in shares of Essential Properties Realty Trust in the 1st quarter valued at $157,000. 95.24% of the stock is owned by institutional investors and hedge funds.

NYSE EPRT traded up $0.90 during trading on Friday, hitting $23.13. 873,628 shares of the stock traded hands, compared to its average volume of 681,844. The company has a market capitalization of $3.03 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.35. Essential Properties Realty Trust has a 12-month low of $21.47 and a 12-month high of $32.92. The firm has a 50-day simple moving average of $24.76 and a 200-day simple moving average of $26.39. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.53.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 13th. Investors of record on Thursday, March 31st were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date was Wednesday, March 30th. Essential Properties Realty Trust’s dividend payout ratio is currently 118.18%.

Essential Properties Realty Trust Company Profile (Get Rating)

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.

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

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