Essential Properties Realty Trust Inc (NYSE:EPRT) Expected to Announce Earnings of $0.28 Per Share

Wall Street brokerages predict that Essential Properties Realty Trust Inc (NYSE:EPRT) will post $0.28 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Essential Properties Realty Trust’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.26. Essential Properties Realty Trust posted earnings of $0.18 per share in the same quarter last year, which would suggest a positive year over year growth rate of 55.6%. The firm is expected to issue its next earnings results after the market closes on Wednesday, November 4th.

On average, analysts expect that Essential Properties Realty Trust will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.07 to $1.18. For the next fiscal year, analysts anticipate that the business will post earnings of $1.23 per share, with EPS estimates ranging from $1.16 to $1.29. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). Essential Properties Realty Trust had a net margin of 33.51% and a return on equity of 4.15%.

A number of analysts have recently weighed in on the stock. TheStreet upgraded shares of Essential Properties Realty Trust from a “d+” rating to a “c-” rating in a research note on Wednesday, September 9th. Mizuho started coverage on Essential Properties Realty Trust in a research note on Tuesday, September 29th. They set a “buy” rating and a $20.00 price objective for the company. Citigroup upped their target price on Essential Properties Realty Trust from $10.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Truist lifted their price target on Essential Properties Realty Trust from $19.00 to $22.00 in a research report on Friday, September 18th. Finally, Raymond James began coverage on Essential Properties Realty Trust in a report on Friday, October 2nd. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Essential Properties Realty Trust presently has a consensus rating of “Hold” and an average target price of $21.30.

Several hedge funds have recently added to or reduced their stakes in EPRT. Janus Henderson Group PLC boosted its stake in shares of Essential Properties Realty Trust by 44.2% in the first quarter. Janus Henderson Group PLC now owns 1,207,506 shares of the company’s stock valued at $15,692,000 after purchasing an additional 369,861 shares during the period. State of Tennessee Treasury Department grew its stake in shares of Essential Properties Realty Trust by 7.1% in the first quarter. State of Tennessee Treasury Department now owns 55,820 shares of the company’s stock worth $729,000 after acquiring an additional 3,677 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Essential Properties Realty Trust by 67.7% during the first quarter. BNP Paribas Arbitrage SA now owns 48,407 shares of the company’s stock worth $632,000 after acquiring an additional 19,540 shares during the period. Marshall Wace LLP acquired a new stake in shares of Essential Properties Realty Trust in the second quarter valued at $2,967,000. Finally, New York State Teachers Retirement System boosted its holdings in Essential Properties Realty Trust by 216.4% in the second quarter. New York State Teachers Retirement System now owns 234,623 shares of the company’s stock valued at $3,482,000 after purchasing an additional 160,477 shares during the period.

EPRT traded down $0.11 during trading on Friday, reaching $19.15. 1,198,569 shares of the company’s stock were exchanged, compared to its average volume of 1,294,928. The company has a debt-to-equity ratio of 0.59, a current ratio of 10.72 and a quick ratio of 10.72. Essential Properties Realty Trust has a 1 year low of $6.08 and a 1 year high of $29.34. The company’s fifty day simple moving average is $18.65 and its 200-day simple moving average is $15.60. The stock has a market capitalization of $2.00 billion, a P/E ratio of 30.89 and a beta of 1.19.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 4.80%. The ex-dividend date was Tuesday, September 29th. Essential Properties Realty Trust’s payout ratio is 146.03%.

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

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