Essential Properties Realty Trust (NYSE:EPRT – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16), Yahoo Finance reports. The company had revenue of $117.13 million for the quarter, compared to analysts’ expectations of $109.73 million. Essential Properties Realty Trust had a return on equity of 6.28% and a net margin of 48.12%. The firm’s revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS.
Essential Properties Realty Trust Price Performance
Shares of Essential Properties Realty Trust stock traded down $0.76 during trading on Friday, reaching $32.60. The company’s stock had a trading volume of 1,031,392 shares, compared to its average volume of 1,343,112. The business has a 50 day moving average price of $32.71 and a 200-day moving average price of $29.45. The company has a market capitalization of $5.71 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 2.78 and a beta of 1.37. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.59. Essential Properties Realty Trust has a 12-month low of $20.61 and a 12-month high of $34.51.
Essential Properties Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Monday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is 94.31%.
Analysts Set New Price Targets
Get Our Latest Analysis on Essential Properties Realty Trust
Insiders Place Their Bets
In other news, CEO Peter M. Mavoides sold 27,817 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $32.33, for a total transaction of $899,323.61. Following the sale, the chief executive officer now owns 446,076 shares of the company’s stock, valued at $14,421,637.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.81% of the company’s stock.
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.
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