Essential Properties Realty Trust (NYSE:EPRT) Announces FY 2027 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided EPS guidance of 2.100-2.180 for the period, compared to the consensus estimate of 2.090.

Essential Properties Realty Trust Stock Up 1.7%

NYSE:EPRT traded up $0.45 during trading hours on Friday, hitting $26.71. The company’s stock had a trading volume of 499,589 shares, compared to its average volume of 2,063,269. The stock has a market capitalization of $5.78 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The stock has a fifty day moving average of $27.90 and a 200-day moving average of $30.04. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65. Essential Properties Realty Trust has a 52-week low of $24.62 and a 52-week high of $34.73.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The business had revenue of $168.67 million during the quarter, compared to analyst estimates of $158.17 million. Essential Properties Realty Trust had a net margin of 41.03% and a return on equity of 6.03%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. On average, equities analysts forecast that Essential Properties Realty Trust will post 1.96 earnings per share for the current year.

Essential Properties Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 99.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald boosted their target price on Essential Properties Realty Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Truist Financial started coverage on shares of Essential Properties Realty Trust in a research note on Thursday, October 1st. They issued a “buy” rating and a $31.00 price target on the stock. Weiss Ratings cut shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Wells Fargo & Company cut their price objective on shares of Essential Properties Realty Trust from $36.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Barclays reduced their price objective on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.23.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE:EPRT) is an internally managed real estate investment trust that acquires, owns and manages single-tenant commercial properties. The company primarily leases these properties to middle-market businesses under long-term, net lease agreements, which generally require tenants to pay a substantial portion of the property’s operating expenses, including taxes, insurance and maintenance.

EPRT’s portfolio is diversified across businesses such as automotive services, medical services, restaurants, retail, early childhood education and other service-oriented industries.