Essential Properties Realty Trust, Inc. (NYSE:EPRT) to Issue $0.31 Quarterly Dividend

Essential Properties Realty Trust, Inc. (NYSE:EPRT) announced a quarterly dividend on Monday, March 9th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.31 per share on Tuesday, April 14th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, March 31st.

Essential Properties Realty Trust has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Essential Properties Realty Trust has a dividend payout ratio of 92.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Essential Properties Realty Trust to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 62.6%.

Essential Properties Realty Trust Stock Performance

EPRT opened at $34.16 on Tuesday. The firm has a market cap of $7.17 billion, a P/E ratio of 26.69, a PEG ratio of 2.53 and a beta of 0.95. Essential Properties Realty Trust has a 1-year low of $27.44 and a 1-year high of $34.73. The company has a 50 day simple moving average of $31.47 and a two-hundred day simple moving average of $30.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 6.37 and a quick ratio of 6.37.

Essential Properties Realty Trust Company Profile

Essential Properties Realty Trust, Inc (NYSE: EPRT) is a self-administered real estate investment trust that acquires, owns and manages single-tenant commercial properties subject to long-term, triple-net leases. The company’s portfolio primarily consists of small-box retail and industrial assets, including convenience stores, automotive service centers, quick-service restaurants, fitness centers and other necessity-based businesses. Under a triple-net lease structure, tenants assume responsibility for property taxes, insurance and most maintenance expenses, providing Essential Properties with predictable, stable cash flows.

Since its founding in April 2016 and its initial public offering later that year, Essential Properties has pursued a growth strategy focused on partnering with creditworthy tenants operating in densely populated trade areas.