Essential Properties Realty Trust (NYSE:EPRT) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Essential Properties Realty Trust (NYSE:EPRT) announced its earnings results on Wednesday. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.14, Zacks reports. Essential Properties Realty Trust had a return on equity of 6.20% and a net margin of 46.00%. Essential Properties Realty Trust updated its FY 2025 guidance to 1.850-1.890 EPS.

Essential Properties Realty Trust Price Performance

Shares of NYSE EPRT traded up $0.18 during midday trading on Thursday, reaching $30.88. 134,997 shares of the company were exchanged, compared to its average volume of 991,942. The stock’s 50-day moving average price is $31.72 and its 200-day moving average price is $32.11. The stock has a market cap of $5.41 billion, a P/E ratio of 26.90, a PEG ratio of 2.91 and a beta of 1.40. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. Essential Properties Realty Trust has a one year low of $23.58 and a one year high of $34.88.

Essential Properties Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.82%. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 102.61%.

Analyst Ratings Changes

EPRT has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Essential Properties Realty Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $38.00 price objective for the company. Scotiabank increased their target price on shares of 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. Barclays lowered their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, UBS Group upped their target price on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.92.

About Essential Properties Realty Trust

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.