Essential Properties Realty Trust (EPRT) Expected to Announce Earnings on Wednesday

Essential Properties Realty Trust (NYSE:EPRT) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $121.22 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Essential Properties Realty Trust Stock Down 0.7 %

Essential Properties Realty Trust stock opened at $31.59 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. Essential Properties Realty Trust has a 1-year low of $23.58 and a 1-year high of $34.88. The company has a market cap of $5.54 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 2.94 and a beta of 1.40. The stock’s 50 day moving average price is $32.00 and its 200 day moving average price is $32.08.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.295 dividend. The ex-dividend date was Tuesday, December 31st. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.74%. Essential Properties Realty Trust’s payout ratio is 102.61%.

Analyst Upgrades and Downgrades

EPRT has been the topic of a number of analyst reports. Mizuho lifted their price target on Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Essential Properties Realty Trust in a research report on Wednesday, December 11th. They set a “buy” rating and a $38.00 target price on the stock. Wells Fargo & Company decreased their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Scotiabank boosted their target price on Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a research report on Monday, November 25th. Finally, Barclays decreased their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.85.

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