Essential Properties Realty Trust (EPRT) Set to Announce Earnings on Wednesday

Essential Properties Realty Trust (NYSE:EPRT) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Essential Properties Realty Trust to post earnings of $0.40 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Essential Properties Realty Trust Price Performance

NYSE EPRT opened at $25.76 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 5.01 and a current ratio of 5.01. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.88 and a beta of 1.27. The business has a 50 day simple moving average of $25.19 and a 200 day simple moving average of $24.41. Essential Properties Realty Trust has a 52-week low of $20.49 and a 52-week high of $26.77.

Essential Properties Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Wednesday, March 27th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 91.94%.

Analyst Ratings Changes

Several equities research analysts recently commented on EPRT shares. Citigroup raised shares of Essential Properties Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $28.50 in a research report on Friday, March 22nd. BMO Capital Markets started coverage on Essential Properties Realty Trust in a research report on Tuesday, February 13th. They set an “outperform” rating and a $29.00 price objective for the company. Raymond James lifted their target price on Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Stifel Nicolaus boosted their target price on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, B. Riley reaffirmed a “buy” rating and set a $29.00 price target (up from $27.50) on shares of Essential Properties Realty Trust in a research note on Wednesday, March 13th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Essential Properties Realty Trust currently has an average rating of “Buy” and a consensus price target of $28.22.

Insiders Place Their Bets

In related news, CEO Peter M. Mavoides sold 9,188 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total transaction of $238,979.88. Following the transaction, the chief executive officer now directly owns 554,904 shares in the company, valued at $14,433,053.04. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Peter M. Mavoides sold 9,188 shares of Essential Properties Realty Trust stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $26.01, for a total transaction of $238,979.88. Following the completion of the transaction, the chief executive officer now owns 554,904 shares in the company, valued at $14,433,053.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter M. Mavoides sold 5,714 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $25.08, for a total value of $143,307.12. Following the transaction, the chief executive officer now directly owns 565,892 shares in the company, valued at approximately $14,192,571.36. The disclosure for this sale can be found here. Insiders have sold 44,524 shares of company stock valued at $1,113,438 in the last 90 days. 0.81% of the stock is currently owned by 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.