Essential Properties Realty Trust (NYSE:EPRT) Releases FY25 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.84-$1.89 for the period, compared to the consensus earnings per share estimate of $2.02. Essential Properties Realty Trust also updated its FY 2024 guidance to 1.840-1.890 EPS.

Analysts Set New Price Targets

EPRT has been the topic of several research reports. UBS Group raised their target price on Essential Properties Realty Trust from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group initiated coverage on shares of Essential Properties Realty Trust in a report on Friday, June 28th. They set a “buy” rating and a $33.00 target price for the company. Wedbush began coverage on shares of Essential Properties Realty Trust in a research report on Monday, August 19th. They set an “outperform” rating and a $34.00 price target on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $37.00 price objective (up previously from $34.00) on shares of Essential Properties Realty Trust in a report on Tuesday, October 1st. Finally, Stifel Nicolaus upped their price target on Essential Properties Realty Trust from $32.00 to $36.25 and gave the company a “buy” rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.06.

Essential Properties Realty Trust Stock Up 0.1 %

NYSE EPRT traded up $0.05 on Wednesday, hitting $33.87. 538,977 shares of the stock were exchanged, compared to its average volume of 1,343,203. Essential Properties Realty Trust has a fifty-two week low of $20.61 and a fifty-two week high of $34.51. The company has a 50-day moving average price of $32.56 and a 200-day moving average price of $29.39. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59. The company has a market cap of $5.94 billion, a PE ratio of 27.54, a PEG ratio of 2.78 and a beta of 1.37.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.13). Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The company had revenue of $109.30 million for the quarter, compared to analyst estimates of $102.99 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. Essential Properties Realty Trust’s revenue was up 26.4% compared to the same quarter last year. Sell-side analysts anticipate that Essential Properties Realty Trust will post 1.68 EPS for the current fiscal year.

Essential Properties Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were issued a dividend of $0.29 per share. The ex-dividend date was Monday, September 30th. This represents a $1.16 annualized dividend and a yield of 3.42%. Essential Properties Realty Trust’s dividend payout ratio is presently 94.31%.

Insider Buying and Selling at Essential Properties Realty Trust

In related news, CEO Peter M. Mavoides sold 27,817 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.33, for a total value of $899,323.61. Following the sale, the chief executive officer now directly owns 446,076 shares in the company, valued at $14,421,637.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by corporate insiders.

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.