Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) updated its FY 2027 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.100-2.180 for the period, compared to the consensus EPS estimate of 2.090.
Wall Street Analyst Weigh In
EPRT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $38.00 to $28.00 in a report on Tuesday. Wall Street Zen lowered shares of Essential Properties Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings cut shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. Raymond James Financial reiterated a “strong-buy” rating and set a $37.00 target price on shares of Essential Properties Realty Trust in a research report on Thursday. Finally, Wells Fargo & Company cut their price target on Essential Properties Realty Trust from $36.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.23.
Check Out Our Latest Stock Report on EPRT
Essential Properties Realty Trust Price Performance
Essential Properties Realty Trust stock opened at $26.64 on Friday. The firm has a market capitalization of $5.87 billion, a P/E ratio of 21.66, a PEG ratio of 2.51 and a beta of 0.82. Essential Properties Realty Trust has a 1 year low of $24.62 and a 1 year high of $34.73. The business has a 50-day moving average of $27.82 and a 200-day moving average of $30.01. The company has a current ratio of 4.94, a quick ratio of 8.17 and a debt-to-equity ratio of 0.65.
Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) last announced 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 firm 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 5.95%. The business’s 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 anticipate that Essential Properties Realty Trust will post 1.96 EPS for the current year.
Essential Properties Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a 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 presently 104.07%.
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.
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