Essential Properties Realty Trust (NYSE:EPRT) Issues Earnings Results

Essential Properties Realty Trust (NYSE:EPRT) posted its earnings results on Wednesday. The company reported $0.45 earnings per share for the quarter, topping 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 updated its FY 2025 guidance to 1.850-1.890 EPS.

Essential Properties Realty Trust Trading Down 1.4 %

Shares of NYSE EPRT traded down $0.45 during midday trading on Wednesday, reaching $30.75. The company had a trading volume of 1,571,938 shares, compared to its average volume of 1,023,980. The stock has a market cap of $5.39 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 2.91 and a beta of 1.40. Essential Properties Realty Trust has a one year low of $23.58 and a one year high of $34.88. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average price is $31.77 and its 200-day moving average price is $32.12.

Essential Properties Realty Trust Increases Dividend

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

Analyst Ratings Changes

EPRT has been the subject of several research analyst reports. Capital One Financial assumed coverage on shares of Essential Properties Realty Trust in a research note on Wednesday. They issued an “overweight” rating and a $35.00 price objective for the company. Mizuho increased their price target on 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. UBS Group raised their target price on 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. Scotiabank boosted their price target on shares of Essential Properties Realty Trust from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Monday, November 25th. Finally, Barclays reduced their price target on shares of Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average 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.