What is Wedbush's Forecast for EPRT FY2025 Earnings?

Essential Properties Realty Trust, Inc. (NYSE:EPRT - Free Report) - Analysts at Wedbush lifted their FY2025 earnings estimates for shares of Essential Properties Realty Trust in a report released on Monday, April 28th. Wedbush analyst J. Kornreich now forecasts that the company will post earnings per share of $1.83 for the year, up from their prior forecast of $1.82. The consensus estimate for Essential Properties Realty Trust's current full-year earnings is $1.83 per share. Wedbush also issued estimates for Essential Properties Realty Trust's FY2026 earnings at $1.96 EPS.

Essential Properties Realty Trust (NYSE:EPRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $129.35 million for the quarter, compared to analyst estimates of $124.88 million. Essential Properties Realty Trust had a return on equity of 6.12% and a net margin of 45.15%. The business's revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share.

Several other equities analysts have also weighed in on the stock. Scotiabank reduced their target price on shares of Essential Properties Realty Trust from $33.00 to $32.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. B. Riley cut Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $29.50 to $33.50 in a research note on Wednesday, February 19th. Barclays lowered their target price on Essential Properties Realty Trust from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, Capital One Financial began coverage on Essential Properties Realty Trust in a research report on Wednesday, February 12th. They set an "overweight" rating and a $35.00 price target on the stock. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Essential Properties Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $34.91.

Essential Properties Realty Trust Trading Up 0.2 %

EPRT stock traded up $0.06 during midday trading on Wednesday, reaching $31.97. 891,882 shares of the company's stock traded hands, compared to its average volume of 1,427,978. Essential Properties Realty Trust has a fifty-two week low of $26.07 and a fifty-two week high of $34.88. The business has a 50-day moving average price of $31.67 and a two-hundred day moving average price of $32.05. The company has a market capitalization of $6.31 billion, a P/E ratio of 28.04, a PEG ratio of 2.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.36 and a quick ratio of 5.36.

Institutional Investors Weigh In On Essential Properties Realty Trust

A number of institutional investors have recently modified their holdings of the business. Invesco Ltd. boosted its stake in Essential Properties Realty Trust by 33.9% in the fourth quarter. Invesco Ltd. now owns 4,651,728 shares of the company's stock valued at $145,506,000 after acquiring an additional 1,178,284 shares during the period. FMR LLC grew its stake in Essential Properties Realty Trust by 6.9% during the 4th quarter. FMR LLC now owns 4,422,710 shares of the company's stock worth $138,342,000 after buying an additional 284,036 shares during the last quarter. Principal Financial Group Inc. increased its position in Essential Properties Realty Trust by 2.9% in the first quarter. Principal Financial Group Inc. now owns 3,035,196 shares of the company's stock worth $99,069,000 after buying an additional 86,244 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Essential Properties Realty Trust by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,872,955 shares of the company's stock valued at $89,866,000 after buying an additional 43,179 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Essential Properties Realty Trust during the fourth quarter worth about $83,341,000. Institutional investors own 96.98% of the company's stock.

Insider Buying and Selling at Essential Properties Realty Trust

In other Essential Properties Realty Trust news, Director Stephen D. Sautel sold 12,500 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $32.54, for a total transaction of $406,750.00. Following the sale, the director now directly owns 178,785 shares of the company's stock, valued at approximately $5,817,663.90. This represents a 6.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is currently owned by insiders.

Essential Properties Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.69%. The ex-dividend date was Monday, March 31st. Essential Properties Realty Trust's payout ratio is currently 102.61%.

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.