Essential Properties Realty Trust Inc (EPRT) Expected to Post Earnings of $0.27 Per Share

Analysts forecast that Essential Properties Realty Trust Inc (NYSE:EPRT) will announce earnings per share of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Essential Properties Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.28. The firm is scheduled to issue its next quarterly earnings results on Monday, February 4th.

According to Zacks, analysts expect that Essential Properties Realty Trust will report full-year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.53 to $1.00. For the next financial year, analysts expect that the company will report earnings of $1.18 per share, with EPS estimates ranging from $1.15 to $1.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRT) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $25.74 million for the quarter, compared to analyst estimates of $25.60 million.

Several equities analysts have commented on EPRT shares. Zacks Investment Research raised Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, November 20th. Boenning Scattergood began coverage on Essential Properties Realty Trust in a report on Wednesday, December 12th. They issued an “outperform” rating and a $17.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.35.

Essential Properties Realty Trust stock opened at $14.30 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 12.86 and a current ratio of 12.86. Essential Properties Realty Trust has a 12 month low of $13.05 and a 12 month high of $14.75.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 14th. Stockholders of record on Monday, December 31st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.87%.

In other Essential Properties Realty Trust news, VP Daniel P. Donlan purchased 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were acquired at an average cost of $13.76 per share, for a total transaction of $28,896.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Peter M. Mavoides purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were acquired at an average price of $14.29 per share, for a total transaction of $142,900.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 23,600 shares of company stock valued at $333,991.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPRT. Legal & General Group Plc grew its position in Essential Properties Realty Trust by 35.0% during the 3rd quarter. Legal & General Group Plc now owns 5,399 shares of the company’s stock worth $77,000 after acquiring an additional 1,399 shares during the last quarter. Claybrook Capital LLC bought a new position in Essential Properties Realty Trust in the 3rd quarter valued at $142,000. State of Alaska Department of Revenue boosted its position in Essential Properties Realty Trust by 114.5% in the 4th quarter. State of Alaska Department of Revenue now owns 10,709 shares of the company’s stock valued at $148,000 after buying an additional 5,717 shares during the last quarter. American International Group Inc. bought a new position in Essential Properties Realty Trust in the 3rd quarter valued at $335,000. Finally, American Century Companies Inc. bought a new position in Essential Properties Realty Trust in the 2nd quarter valued at $423,000. Institutional investors and hedge funds own 78.81% of the company’s stock.

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

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