Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) - Research analysts at B. Riley lifted their Q2 2024 earnings estimates for shares of Essential Properties Realty Trust in a research note issued to investors on Monday, April 29th. B. Riley analyst J. Massocca now expects that the company will post earnings per share of $0.42 for the quarter, up from their prior forecast of $0.41. B. Riley has a "Buy" rating and a $29.00 price target on the stock. The consensus estimate for Essential Properties Realty Trust's current full-year earnings is $1.67 per share. B. Riley also issued estimates for Essential Properties Realty Trust's Q3 2024 earnings at $0.43 EPS, FY2024 earnings at $1.67 EPS, Q2 2025 earnings at $0.45 EPS and Q4 2025 earnings at $0.47 EPS.
Other research analysts also recently issued research reports about the stock. Raymond James raised their target price on shares of Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Monday, January 8th. Stifel Nicolaus increased their target price on Essential Properties Realty Trust from $27.00 to $27.50 and gave the company a "buy" rating in a research report on Tuesday, March 19th. Mizuho decreased their price objective on Essential Properties Realty Trust from $27.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, March 7th. BMO Capital Markets initiated coverage on Essential Properties Realty Trust in a research note on Tuesday, February 13th. They issued an "outperform" rating and a $29.00 target price on the stock. Finally, Citigroup upgraded shares of Essential Properties Realty Trust from a "neutral" rating to a "buy" rating and raised their price target for the company from $25.00 to $28.50 in a report on Friday, March 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Essential Properties Realty Trust presently has a consensus rating of "Buy" and an average price target of $28.22.
Get Our Latest Stock Report on EPRT
Essential Properties Realty Trust Stock Up 1.8 %
Shares of EPRT stock traded up $0.47 during mid-day trading on Thursday, hitting $26.82. The stock had a trading volume of 1,312,839 shares, compared to its average volume of 1,349,531. The company has a debt-to-equity ratio of 0.51, a current ratio of 7.61 and a quick ratio of 7.61. The firm's 50-day moving average is $25.42 and its two-hundred day moving average is $24.62. The firm has a market capitalization of $4.70 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 1.95 and a beta of 1.26. Essential Properties Realty Trust has a 12-month low of $20.49 and a 12-month high of $26.98.
Institutional Investors Weigh In On Essential Properties Realty Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. EdgeRock Capital LLC acquired a new position in shares of Essential Properties Realty Trust in the 4th quarter worth approximately $26,000. Heritage Wealth Advisors lifted its stake in Essential Properties Realty Trust by 71.4% during the fourth quarter. Heritage Wealth Advisors now owns 1,200 shares of the company's stock worth $31,000 after purchasing an additional 500 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Essential Properties Realty Trust during the fourth quarter worth $31,000. Signaturefd LLC grew its stake in shares of Essential Properties Realty Trust by 666.8% in the fourth quarter. Signaturefd LLC now owns 2,492 shares of the company's stock valued at $64,000 after buying an additional 2,167 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Essential Properties Realty Trust by 15.5% in the fourth quarter. Quadrant Capital Group LLC now owns 6,567 shares of the company's stock valued at $168,000 after buying an additional 881 shares in the last quarter. Hedge funds and other institutional investors own 96.98% of the company's stock.
Insider Activity
In other news, CEO Peter M. Mavoides sold 5,714 shares of Essential Properties Realty Trust stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $25.08, for a total transaction of $143,307.12. Following the completion of the transaction, the chief executive officer now directly owns 565,892 shares of the company's stock, valued at approximately $14,192,571.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Peter M. Mavoides sold 5,714 shares of the company's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $25.08, for a total value of $143,307.12. Following the completion of the transaction, the chief executive officer now owns 565,892 shares of the company's stock, valued at approximately $14,192,571.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter M. Mavoides sold 9,188 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $26.01, for a total value of $238,979.88. Following the completion of the sale, the chief executive officer now owns 554,904 shares of the company's stock, valued at $14,433,053.04. The disclosure for this sale can be found here. Insiders sold a total of 26,906 shares of company stock valued at $674,749 in the last quarter. 0.81% of the stock is currently owned by company insiders.
Essential Properties Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.25%. Essential Properties Realty Trust's payout ratio is currently 92.68%.
About Essential Properties Realty Trust
(
Get Free Report)
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.
Further Reading
Before you consider Essential Properties Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Essential Properties Realty Trust wasn't on the list.
While Essential Properties Realty Trust currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
