Essential Properties Realty Trust (NYSE:EPRT) Releases Earnings Results, Misses Expectations By $0.01 EPS

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01), Zacks reports. Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.34%. The company had revenue of $129.11 million during the quarter, compared to analyst estimates of $131.72 million. During the same quarter last year, the business earned $0.47 EPS. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. Essential Properties Realty Trust updated its FY 2025 guidance to 1.860-1.890 EPS.

Essential Properties Realty Trust Stock Up 0.3%

Shares of Essential Properties Realty Trust stock traded up $0.09 on Friday, reaching $30.64. 1,635,118 shares of the company were exchanged, compared to its average volume of 1,713,901. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.32 and a beta of 1.08. The company has a 50-day moving average of $31.93 and a 200 day moving average of $31.74. Essential Properties Realty Trust has a one year low of $27.44 and a one year high of $34.88. The company has a current ratio of 7.76, a quick ratio of 7.76 and a debt-to-equity ratio of 0.55.

Essential Properties Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.92%. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.30. The ex-dividend date was Monday, June 30th. Essential Properties Realty Trust's dividend payout ratio is currently 101.69%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial increased their price objective on Essential Properties Realty Trust from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. UBS Group lowered their price objective on shares of Essential Properties Realty Trust from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. Barclays reduced their price objective on Essential Properties Realty Trust from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Scotiabank lifted their price target on Essential Properties Realty Trust from $32.00 to $33.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Essential Properties Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.90.

Insider Activity at Essential Properties Realty Trust

In other news, VP A Joseph Peil sold 13,227 shares of Essential Properties Realty Trust stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $32.96, for a total transaction of $435,961.92. Following the completion of the sale, the vice president owned 76,590 shares of the company's stock, valued at approximately $2,524,406.40. This trade represents a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.77% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EPRT. AQR Capital Management LLC grew its stake in Essential Properties Realty Trust by 21.8% during the first quarter. AQR Capital Management LLC now owns 22,244 shares of the company's stock worth $726,000 after purchasing an additional 3,981 shares during the period. Jane Street Group LLC purchased a new stake in shares of Essential Properties Realty Trust in the first quarter worth approximately $2,350,000. Royal Bank of Canada boosted its holdings in Essential Properties Realty Trust by 159.4% during the 1st quarter. Royal Bank of Canada now owns 74,147 shares of the company's stock worth $2,420,000 after acquiring an additional 45,561 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Essential Properties Realty Trust by 16.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company's stock worth $45,279,000 after purchasing an additional 195,057 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company's stock.

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