Essential Properties Realty Trust (NYSE:EPRT) Issues FY 2027 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.100-2.180 for the period, compared to the consensus estimate of 2.090.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EPRT shares. Deutsche Bank Aktiengesellschaft downgraded Essential Properties Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $38.00 to $28.00 in a research note on Tuesday. Stifel Nicolaus decreased their target price on Essential Properties Realty Trust from $36.00 to $32.50 and set a “buy” rating for the company in a report on Thursday. Barclays reduced their price target on shares of Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday. Weiss Ratings cut shares of Essential Properties Realty Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Finally, Wells Fargo & Company decreased their target price on shares of Essential Properties Realty Trust from $36.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.23.

Essential Properties Realty Trust Stock Performance

EPRT stock traded up $0.54 during midday trading on Friday, hitting $26.80. 1,261,232 shares of the stock traded hands, compared to its average volume of 2,067,458. The stock’s fifty day simple moving average is $27.90 and its 200-day simple moving average is $30.04. The company has a debt-to-equity ratio of 0.65, a current ratio of 8.17 and a quick ratio of 8.17. Essential Properties Realty Trust has a 1-year low of $24.62 and a 1-year high of $34.73. The firm has a market cap of $5.80 billion, a P/E ratio of 20.78, a PEG ratio of 2.17 and a beta of 0.82.

Essential Properties Realty Trust (NYSE:EPRT) last posted its earnings results on Wednesday, October 21st. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The business had revenue of $168.67 million for the quarter, compared to analyst estimates of $158.17 million. Essential Properties Realty Trust had a net margin of 41.03% and a return on equity of 6.03%. Essential Properties Realty Trust’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the business earned $0.48 earnings per share. On average, analysts expect that Essential Properties Realty Trust will post 1.96 earnings per share for the current year.

Essential Properties Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Essential Properties Realty Trust’s dividend payout ratio (DPR) is presently 99.22%.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE:EPRT) is an internally managed real estate investment trust that acquires, owns and manages single-tenant commercial properties. The company primarily leases these properties to middle-market businesses under long-term, net lease agreements, which generally require tenants to pay a substantial portion of the property’s operating expenses, including taxes, insurance and maintenance.

EPRT’s portfolio is diversified across businesses such as automotive services, medical services, restaurants, retail, early childhood education and other service-oriented industries.