Essential Properties Realty Trust (NYSE:EPRT) Issues Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Essential Properties Realty Trust (NYSE:EPRT) issued its quarterly earnings data on Wednesday. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14, Zacks reports. Essential Properties Realty Trust had a net margin of 46.00% and a return on equity of 6.20%. Essential Properties Realty Trust updated its FY 2025 guidance to 1.850-1.890 EPS.

Essential Properties Realty Trust Stock Performance

Shares of Essential Properties Realty Trust stock traded down $0.45 on Wednesday, hitting $30.75. The stock had a trading volume of 1,571,938 shares, compared to its average volume of 1,023,980. The business’s 50 day moving average is $31.77 and its two-hundred day moving average is $32.12. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 2.91 and a beta of 1.40. Essential Properties Realty Trust has a twelve month low of $23.58 and a twelve month high of $34.88. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.69.

Essential Properties Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.295 per share. This is an increase from Essential Properties Realty Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.18 annualized dividend and a yield of 3.84%. Essential Properties Realty Trust’s dividend payout ratio (DPR) is currently 102.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EPRT shares. Mizuho upped their target price on Essential Properties Realty Trust from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Essential Properties Realty Trust in a report on Wednesday, December 11th. They set a “buy” rating and a $38.00 price objective on the stock. Capital One Financial started coverage on shares of Essential Properties Realty Trust in a research report on Wednesday. They set an “overweight” rating and a $35.00 price objective for the company. Barclays decreased their price target on Essential Properties Realty Trust from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their target price 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 investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.92.

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.