Essential Properties Realty Trust (NYSE:EPRT) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Essential Properties Realty Trust (NYSE:EPRT) posted its quarterly 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 Stock Down 1.4 %

NYSE EPRT traded down $0.45 during trading on Wednesday, reaching $30.75. 1,571,938 shares of the company’s stock were exchanged, compared to its average volume of 1,023,954. The company has a 50 day moving average price of $31.77 and a two-hundred day moving average price of $32.12. Essential Properties Realty Trust has a 1 year low of $23.58 and a 1 year high of $34.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 5.59 and a current ratio of 5.59. The stock has a market cap of $5.39 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 2.91 and a beta of 1.40.

Essential Properties Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.295 per share. 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%. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. Essential Properties Realty Trust’s payout ratio is presently 102.61%.

Analyst Ratings Changes

A number of research firms have weighed in on EPRT. Capital One Financial started coverage on Essential Properties Realty Trust in a research note on Wednesday. They set an “overweight” rating and a $35.00 price objective on the stock. UBS Group raised their price objective on shares of Essential Properties Realty Trust from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Scotiabank boosted their target price 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. Barclays cut 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 report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their target price on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.92.

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.