Brokerages expect Essential Properties Realty Trust, Inc. (NYSE:EPRT – Get 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:EPRT – Get 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.
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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