Essential Properties Realty Trust (EPRT) Expected to Announce Earnings on Wednesday

Essential Properties Realty Trust (NYSE:EPRT) is projected to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect Essential Properties Realty Trust to post earnings of $0.31 per share and revenue of $121.22 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Essential Properties Realty Trust Price Performance

EPRT stock opened at $31.59 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 5.59 and a quick ratio of 5.59. The firm has a market capitalization of $5.54 billion, a P/E ratio of 27.47, a P/E/G ratio of 2.94 and a beta of 1.40. The business’s 50-day moving average is $32.00 and its two-hundred day moving average is $32.08. Essential Properties Realty Trust has a 1 year low of $23.58 and a 1 year high of $34.88.

Essential Properties Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 dividend on an annualized basis and a yield of 3.74%. 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%.

Analysts Set New Price Targets

A number of research firms have issued reports on EPRT. 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. Barclays dropped their price objective on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday. Scotiabank increased their price objective on 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. UBS Group increased their price objective on Essential Properties Realty Trust from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company dropped their price objective on Essential Properties Realty Trust from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.85.

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.