$50.77 Million in Sales Expected for Essential Properties Realty Trust, Inc. (NYSE:EPRT) This Quarter

Equities research analysts predict that Essential Properties Realty Trust, Inc. (NYSE:EPRT) will announce sales of $50.77 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Essential Properties Realty Trust’s earnings, with estimates ranging from $48.94 million to $53.31 million. Essential Properties Realty Trust reported sales of $38.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 31.9%. The company is scheduled to report its next earnings report on Wednesday, August 4th.

According to Zacks, analysts expect that Essential Properties Realty Trust will report full-year sales of $207.08 million for the current fiscal year, with estimates ranging from $195.78 million to $218.99 million. For the next financial year, analysts expect that the company will post sales of $241.61 million, with estimates ranging from $198.71 million to $265.61 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Essential Properties Realty Trust.

Essential Properties Realty Trust (NYSE:EPRT) last issued its quarterly earnings results on Sunday, May 2nd. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.15). Essential Properties Realty Trust had a net margin of 25.49% and a return on equity of 2.83%.

EPRT has been the subject of several research reports. Mizuho raised their price target on shares of Essential Properties Realty Trust from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Truist Securities lifted their target price on shares of Essential Properties Realty Trust from $23.00 to $26.00 in a research note on Tuesday, March 16th. Raymond James upped their price target on shares of Essential Properties Realty Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 10th. Credit Suisse Group lifted their price objective on Essential Properties Realty Trust from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, April 26th. Finally, Truist raised their price target on Essential Properties Realty Trust from $23.00 to $26.00 in a research note on Tuesday, March 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $23.06.

Several large investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Essential Properties Realty Trust by 19.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 100,659 shares of the company’s stock worth $2,298,000 after buying an additional 16,217 shares during the last quarter. Squarepoint Ops LLC bought a new position in Essential Properties Realty Trust in the 1st quarter worth $529,000. Millennium Management LLC acquired a new position in Essential Properties Realty Trust during the 1st quarter worth $3,266,000. Eaton Vance Management boosted its holdings in Essential Properties Realty Trust by 29.5% during the first quarter. Eaton Vance Management now owns 2,221,965 shares of the company’s stock valued at $50,727,000 after acquiring an additional 505,843 shares during the period. Finally, Amundi Asset Management US Inc. grew its position in shares of Essential Properties Realty Trust by 149.4% in the first quarter. Amundi Asset Management US Inc. now owns 254,901 shares of the company’s stock valued at $5,825,000 after purchasing an additional 152,676 shares during the last quarter. 94.71% of the stock is currently owned by institutional investors.

NYSE:EPRT opened at $28.49 on Friday. The stock has a market cap of $3.35 billion, a PE ratio of 66.26 and a beta of 1.34. Essential Properties Realty Trust has a fifty-two week low of $13.65 and a fifty-two week high of $28.69. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.56. The firm’s 50-day simple moving average is $25.48.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 29th. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. This is a boost from Essential Properties Realty Trust’s previous quarterly dividend of $0.24. Essential Properties Realty Trust’s dividend payout ratio is presently 218.18%.

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, and health and fitness on a long-term basis.

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Earnings History and Estimates for Essential Properties Realty Trust (NYSE:EPRT)

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