Essential Properties Realty Trust (NYSE:EPRT) Releases FY 2025 Earnings Guidance

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.860-1.890 for the period, compared to the consensus earnings per share estimate of 1.999. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

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

Essential Properties Realty Trust Price Performance

Shares of NYSE:EPRT traded up $0.09 during trading on Friday, reaching $30.64. The stock had a trading volume of 1,635,118 shares, compared to its average volume of 1,713,901. The company has a debt-to-equity ratio of 0.55, a quick ratio of 7.76 and a current ratio of 7.76. The business has a fifty day moving average price of $31.93 and a 200-day moving average price of $31.74. The stock has a market cap of $6.05 billion, a PE ratio of 25.96, a PEG ratio of 2.32 and a beta of 1.08. Essential Properties Realty Trust has a 1-year low of $27.44 and a 1-year high of $34.88.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The firm had revenue of $129.11 million during the quarter, compared to analysts' expectations of $131.72 million. Essential Properties Realty Trust had a net margin of 44.48% and a return on equity of 6.34%. The company's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS. On average, equities analysts forecast that Essential Properties Realty Trust will post 1.83 earnings per share for the current fiscal year.

Essential Properties Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Monday, June 30th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 30th. 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. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 101.69%.

Insider Activity

In other Essential Properties Realty Trust 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 value of $435,961.92. Following the sale, the vice president owned 76,590 shares in the company, valued at $2,524,406.40. The trade was a 14.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Essential Properties Realty Trust

A number of hedge funds have recently made changes to their positions in EPRT. Goldman Sachs Group Inc. grew its holdings in shares of Essential Properties Realty Trust by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,387,218 shares of the company's stock valued at $45,279,000 after purchasing an additional 195,057 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Essential Properties Realty Trust by 159.4% in the 1st quarter. Royal Bank of Canada now owns 74,147 shares of the company's stock valued at $2,420,000 after purchasing an additional 45,561 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Essential Properties Realty Trust during the first quarter worth $2,350,000. Finally, AQR Capital Management LLC grew its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors 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.