Analysts Offer Predictions for EPRT FY2024 Earnings

Essential Properties Realty Trust, Inc. (NYSE:EPRT) – Equities researchers at Capital One Financial issued their FY2024 earnings estimates for shares of Essential Properties Realty Trust in a report issued on Wednesday, February 12th. Capital One Financial analyst D. Guglielmo forecasts that the company will earn $1.69 per share for the year. Capital One Financial has a “Overweight” rating and a $35.00 price objective on the stock. The consensus estimate for Essential Properties Realty Trust’s current full-year earnings is $1.68 per share. Capital One Financial also issued estimates for Essential Properties Realty Trust’s Q4 2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.49 EPS and FY2025 earnings at $1.86 EPS.

A number of other equities research analysts also recently commented on EPRT. Mizuho increased their price objective on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Wells Fargo & Company dropped their target price on shares of 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 increased their target price on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a research report on Monday, November 25th. UBS Group increased their target price on shares of 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. Finally, Barclays dropped their target price on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.25.

Essential Properties Realty Trust Trading Up 1.4 %

Shares of NYSE:EPRT opened at $31.14 on Friday. Essential Properties Realty Trust has a 52 week low of $23.58 and a 52 week high of $34.88. The company’s 50 day moving average is $31.69 and its two-hundred day moving average is $32.10. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.69. The company has a market cap of $5.46 billion, a PE ratio of 27.07, a P/E/G ratio of 2.91 and a beta of 1.40.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%.

Institutional Trading of Essential Properties Realty Trust

Several hedge funds have recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Essential Properties Realty Trust by 1.0% in the third quarter. State Street Corp now owns 10,033,209 shares of the company’s stock valued at $345,535,000 after purchasing an additional 96,615 shares during the period. Invesco Ltd. lifted its stake in shares of Essential Properties Realty Trust by 33.9% in the fourth quarter. Invesco Ltd. now owns 4,651,728 shares of the company’s stock valued at $145,506,000 after purchasing an additional 1,178,284 shares during the period. Geode Capital Management LLC increased its holdings in Essential Properties Realty Trust by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,468,922 shares of the company’s stock valued at $152,642,000 after acquiring an additional 118,927 shares in the last quarter. FMR LLC increased its holdings in Essential Properties Realty Trust by 6.9% during the 4th quarter. FMR LLC now owns 4,422,710 shares of the company’s stock valued at $138,342,000 after acquiring an additional 284,036 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Essential Properties Realty Trust by 18.9% during the 4th quarter. Principal Financial Group Inc. now owns 2,948,952 shares of the company’s stock valued at $92,246,000 after acquiring an additional 469,610 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 102.61%.

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.