Essential Properties Realty Trust (EPRT) Scheduled to Post Earnings on Wednesday

Essential Properties Realty Trust (NYSE:EPRTGet Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Essential Properties Realty Trust Trading Up 1.1 %

Shares of EPRT stock opened at $24.56 on Wednesday. The company has a market cap of $4.09 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.42 and a beta of 1.30. The stock’s 50 day simple moving average is $25.23 and its two-hundred day simple moving average is $23.78. Essential Properties Realty Trust has a 1 year low of $20.49 and a 1 year high of $26.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 5.47 and a quick ratio of 5.47.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a dividend of $0.285 per share. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.64%. Essential Properties Realty Trust’s dividend payout ratio is currently 96.61%.

Insider Buying and Selling

In other Essential Properties Realty Trust news, CEO Peter M. Mavoides sold 35,717 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $24.27, for a total transaction of $866,851.59. Following the sale, the chief executive officer now directly owns 494,360 shares of the company’s stock, valued at approximately $11,998,117.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Peter M. Mavoides sold 17,618 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $24.90, for a total transaction of $438,688.20. Following the sale, the chief executive officer now directly owns 353,303 shares in the company, valued at approximately $8,797,244.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter M. Mavoides sold 35,717 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $24.27, for a total value of $866,851.59. Following the sale, the chief executive officer now owns 494,360 shares in the company, valued at $11,998,117.20. The disclosure for this sale can be found here. Insiders sold 93,631 shares of company stock worth $2,323,477 in the last 90 days. Insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On Essential Properties Realty Trust

A number of institutional investors have recently modified their holdings of the business. Cetera Advisor Networks LLC boosted its holdings in Essential Properties Realty Trust by 49.1% in the 1st quarter. Cetera Advisor Networks LLC now owns 10,705 shares of the company’s stock worth $271,000 after buying an additional 3,525 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Essential Properties Realty Trust by 55.0% in the 1st quarter. MetLife Investment Management LLC now owns 65,949 shares of the company’s stock worth $1,669,000 after buying an additional 23,396 shares during the last quarter. Rhumbline Advisers boosted its holdings in Essential Properties Realty Trust by 2.3% in the 1st quarter. Rhumbline Advisers now owns 357,906 shares of the company’s stock worth $9,055,000 after buying an additional 8,022 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Essential Properties Realty Trust by 1.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 172,313 shares of the company’s stock worth $4,470,000 after purchasing an additional 2,608 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Essential Properties Realty Trust by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 19,944,341 shares of the company’s stock worth $504,592,000 after purchasing an additional 788,670 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Truist Financial reissued a “buy” rating and issued a $29.00 price objective on shares of Essential Properties Realty Trust in a research note on Monday, November 27th. Mizuho upped their target price on Essential Properties Realty Trust from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. B. Riley initiated coverage on Essential Properties Realty Trust in a report on Thursday, November 30th. They set a “buy” rating and a $27.50 target price for the company. Stifel Nicolaus upped their target price on Essential Properties Realty Trust from $25.75 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Finally, Raymond James upped their target price on Essential Properties Realty Trust from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $27.81.

Check Out Our Latest Research Report on Essential Properties Realty Trust

Essential Properties Realty Trust Company Profile

(Get Free Report)

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.

See Also

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

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