Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.720-1.750 for the period, compared to the consensus estimate of 1.870. The company issued revenue guidance of -. Essential Properties Realty Trust also updated its FY24 guidance to $1.72-$1.75 EPS.
Essential Properties Realty Trust Stock Up 0.2 %
Shares of NYSE EPRT traded up $0.05 during trading on Wednesday, reaching $26.33. The company had a trading volume of 1,202,848 shares, compared to its average volume of 1,337,302. Essential Properties Realty Trust has a 12-month low of $20.49 and a 12-month high of $26.77. The stock has a market cap of $4.46 billion, a PE ratio of 21.23, a P/E/G ratio of 1.91 and a beta of 1.27. The business's 50-day moving average is $25.23 and its 200 day moving average is $24.44. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.56.
Essential Properties Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend was Wednesday, March 27th. Essential Properties Realty Trust's dividend payout ratio (DPR) is currently 91.94%.
Analyst Ratings Changes
A number of equities analysts have recently commented on EPRT shares. Stifel Nicolaus lifted their target price on Essential Properties Realty Trust from $27.00 to $27.50 and gave the stock a buy rating in a report on Tuesday, March 19th. Mizuho lowered their target price on Essential Properties Realty Trust from $27.00 to $26.00 and set a buy rating on the stock in a research note on Thursday, March 7th. Raymond James increased their target price on Essential Properties Realty Trust from $28.00 to $29.00 and gave the company an outperform rating in a report on Monday, January 8th. Citigroup upgraded Essential Properties Realty Trust from a neutral rating to a buy rating and upped their price target for the company from $25.00 to $28.50 in a research report on Friday, March 22nd. Finally, BMO Capital Markets started coverage on Essential Properties Realty Trust in a research note on Tuesday, February 13th. They set an outperform rating and a $29.00 target price for the company. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of Buy and an average target price of $28.22.
Get Our Latest Analysis on EPRT
Insiders Place Their Bets
In related news, CEO Peter M. Mavoides sold 17,618 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $24.90, for a total value of $438,688.20. Following the transaction, the chief executive officer now directly owns 353,303 shares of the company's stock, valued at approximately $8,797,244.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Peter M. Mavoides sold 17,618 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $24.90, for a total transaction of $438,688.20. Following the completion of the sale, the chief executive officer now directly owns 353,303 shares in the company, valued at $8,797,244.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Peter M. Mavoides sold 11,904 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $24.35, for a total transaction of $289,862.40. Following the transaction, the chief executive officer now directly owns 571,606 shares in the company, valued at approximately $13,918,606.10. The disclosure for this sale can be found here. Insiders have sold a total of 44,524 shares of company stock valued at $1,113,438 in the last quarter. 0.81% of the stock is currently owned by company insiders.
Essential Properties Realty Trust Company Profile
(
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
