Essential Properties Realty Trust, Inc. (EPRT) to Issue Quarterly Dividend of $0.32 on July 14th

Essential Properties Realty Trust, Inc. (NYSE:EPRT) declared a quarterly dividend on Monday, June 1st. Investors of record on Tuesday, June 30th will be paid a dividend of 0.32 per share on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, June 30th. This is a 3.2% increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.31.

Essential Properties Realty Trust has increased its dividend payment by an average of 0.1%annually 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 95.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Essential Properties Realty Trust to earn $2.10 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 61.0%.

Essential Properties Realty Trust Stock Up 1.0%

EPRT opened at $30.70 on Friday. The business has a 50 day moving average price of $30.94 and a 200 day moving average price of $31.23. Essential Properties Realty Trust has a twelve month low of $28.95 and a twelve month high of $34.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 5.12 and a current ratio of 5.12. The firm has a market cap of $6.64 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 2.42 and a beta of 0.88.

Essential Properties Realty Trust (NYSE:EPRT) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.05). Essential Properties Realty Trust had a net margin of 43.46% and a return on equity of 6.30%. The company had revenue of $158.80 million for the quarter, compared to analyst estimates of $151.87 million. During the same quarter last year, the business earned $0.45 EPS. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. Essential Properties Realty Trust has set its FY 2026 guidance at 2.000-2.050 EPS. Research analysts forecast that Essential Properties Realty Trust will post 1.97 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays raised their target price on shares of Essential Properties Realty Trust from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Stifel Nicolaus boosted their target price on shares of Essential Properties Realty Trust from $36.00 to $36.50 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Scotiabank upgraded shares of Essential Properties Realty Trust from a “sector perform” rating to a “sector outperform” rating and decreased their price target for the company from $34.00 to $33.00 in a report on Thursday, June 18th. Wells Fargo & Company upped their price target on shares of Essential Properties Realty Trust from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Mizuho lowered their price target on Essential Properties Realty Trust from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Essential Properties Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $36.41.

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.