Essential Properties Realty Trust, Inc. (NYSE:EPRT) Forecasted to Earn Q2 2024 Earnings of $0.42 Per Share

Essential Properties Realty Trust, Inc. (NYSE:EPRT) – Research analysts at B. Riley upped their Q2 2024 earnings per share estimates for shares of Essential Properties Realty Trust in a research note issued to investors on Monday, April 29th. B. Riley analyst J. Massocca now forecasts that the company will post earnings of $0.42 per share for the quarter, up from their prior estimate of $0.41. B. Riley currently has a “Buy” rating and a $29.00 target price on the stock. The consensus estimate for Essential Properties Realty Trust’s current full-year earnings is $1.68 per share. B. Riley also issued estimates for Essential Properties Realty Trust’s Q3 2024 earnings at $0.43 EPS, FY2024 earnings at $1.67 EPS, Q2 2025 earnings at $0.45 EPS and Q4 2025 earnings at $0.47 EPS.

EPRT has been the subject of a number of other research reports. BMO Capital Markets initiated coverage on Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price target for the company. Mizuho lowered their price target on Essential Properties Realty Trust from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Citigroup raised Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $25.00 to $28.50 in a research report on Friday, March 22nd. Stifel Nicolaus upped their target price on Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a “buy” rating in a report on Tuesday, March 19th. 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. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $28.22.

Essential Properties Realty Trust Trading Up 0.3 %

EPRT opened at $26.91 on Thursday. The business has a 50 day simple moving average of $25.46 and a two-hundred day simple moving average of $24.63. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.95 and a beta of 1.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 7.61 and a quick ratio of 7.61. Essential Properties Realty Trust has a one year low of $20.49 and a one year high of $27.40.

Institutional Trading of Essential Properties Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EdgeRock Capital LLC purchased a new stake in Essential Properties Realty Trust during the 4th quarter valued at $26,000. Heritage Wealth Advisors boosted its stake in Essential Properties Realty Trust by 71.4% during the 4th quarter. Heritage Wealth Advisors now owns 1,200 shares of the company’s stock valued at $31,000 after purchasing an additional 500 shares during the last quarter. Principal Securities Inc. purchased a new stake in Essential Properties Realty Trust during the 4th quarter valued at $31,000. Signaturefd LLC boosted its stake in Essential Properties Realty Trust by 666.8% during the 4th quarter. Signaturefd LLC now owns 2,492 shares of the company’s stock valued at $64,000 after purchasing an additional 2,167 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Essential Properties Realty Trust by 15.5% during the 4th quarter. Quadrant Capital Group LLC now owns 6,567 shares of the company’s stock valued at $168,000 after purchasing an additional 881 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Peter M. Mavoides sold 9,188 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total value of $238,979.88. Following the sale, the chief executive officer now owns 554,904 shares in the company, valued at approximately $14,433,053.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Peter M. Mavoides sold 9,188 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total value of $238,979.88. Following the sale, the chief executive officer now owns 554,904 shares in the company, valued at approximately $14,433,053.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter M. Mavoides sold 11,904 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $24.35, for a total value of $289,862.40. Following the completion of the sale, the chief executive officer now owns 571,606 shares in the company, valued at approximately $13,918,606.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,906 shares of company stock worth $674,749. Company insiders own 0.81% of the company’s stock.

Essential Properties Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.285 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.24%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 92.68%.

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.