Essential Properties Realty Trust (NYSE:EPRT) Announces Earnings Results, Beats Expectations By $0.14 EPS

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

Essential Properties Realty Trust Stock Performance

EPRT traded down $0.45 on Wednesday, reaching $30.75. 1,571,938 shares of the stock were exchanged, compared to its average volume of 1,023,954. The company’s 50-day moving average price is $31.77 and its 200 day moving average price is $32.12. The firm has a market capitalization of $5.39 billion, a PE ratio of 26.74, a PEG ratio of 2.91 and a beta of 1.40. Essential Properties Realty Trust has a fifty-two week low of $23.58 and a fifty-two week high of $34.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.295 per share. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.84%. Essential Properties Realty Trust’s payout ratio is presently 102.61%.

Wall Street Analysts Forecast Growth

EPRT has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price objective 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. Deutsche Bank Aktiengesellschaft began coverage on Essential Properties Realty Trust in a research note on Wednesday, December 11th. They issued a “buy” rating and a $38.00 target price on the stock. Capital One Financial started coverage on shares of Essential Properties Realty Trust in a research note on Wednesday. They set an “overweight” rating and a $35.00 target price for the company. Scotiabank lifted their price objective on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Monday, November 25th. Finally, Mizuho upped their target price on shares of Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.92.

About Essential Properties Realty Trust

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.