Essential Properties Realty Trust Inc (NYSE:EPRT) – Equities research analysts at SunTrust Banks reduced their Q4 2019 EPS estimates for Essential Properties Realty Trust in a research note issued to investors on Monday, June 10th. SunTrust Banks analyst K. Kim now forecasts that the company will post earnings of $0.30 per share for the quarter, down from their prior estimate of $0.32. SunTrust Banks has a “Buy” rating and a $20.00 price target on the stock. SunTrust Banks also issued estimates for Essential Properties Realty Trust’s FY2020 earnings at $1.26 EPS, FY2021 earnings at $1.37 EPS, FY2022 earnings at $1.50 EPS and FY2023 earnings at $1.66 EPS.
EPRT has been the topic of several other research reports. Zacks Investment Research upgraded shares of Essential Properties Realty Trust from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, March 6th. Boenning Scattergood reissued a “buy” rating on shares of Essential Properties Realty Trust in a report on Wednesday, March 20th. Stifel Nicolaus initiated coverage on Essential Properties Realty Trust in a report on Monday, April 1st. They set a “buy” rating and a $21.50 price objective for the company. Berenberg Bank initiated coverage on Essential Properties Realty Trust in a report on Tuesday, April 23rd. They issued a “buy” rating for the company. Finally, Bank of America raised Essential Properties Realty Trust from an “underperform” rating to a “buy” rating and lifted their price target for the company from $20.00 to $23.00 in a report on Tuesday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Essential Properties Realty Trust has a consensus rating of “Buy” and a consensus price target of $19.22.
Shares of EPRT opened at $21.31 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 12.94 and a current ratio of 12.94. Essential Properties Realty Trust has a twelve month low of $13.05 and a twelve month high of $21.68.
Essential Properties Realty Trust (NYSE:EPRT) last announced its earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.14). The firm had revenue of $31.11 million during the quarter, compared to analyst estimates of $29.27 million. Essential Properties Realty Trust had a return on equity of 2.40% and a net margin of 19.25%.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.22 per share. This is a positive change from Essential Properties Realty Trust’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Thursday, June 27th.
A number of large investors have recently added to or reduced their stakes in EPRT. EAM Global Investors LLC bought a new position in Essential Properties Realty Trust in the first quarter valued at about $1,559,000. Brasada Capital Management LP bought a new stake in Essential Properties Realty Trust in the first quarter worth approximately $1,100,000. Geode Capital Management LLC increased its holdings in Essential Properties Realty Trust by 55.3% in the fourth quarter. Geode Capital Management LLC now owns 380,292 shares of the company’s stock worth $5,263,000 after purchasing an additional 135,474 shares in the last quarter. Brown Advisory Inc. bought a new stake in Essential Properties Realty Trust in the fourth quarter worth approximately $30,751,000. Finally, Vanguard Group Inc. grew its stake in Essential Properties Realty Trust by 248.8% in the third quarter. Vanguard Group Inc. now owns 1,046,426 shares of the company’s stock valued at $14,849,000 after acquiring an additional 746,426 shares during the period. 76.03% of the stock is currently owned by institutional investors and hedge funds.
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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis.
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