Essential Properties Realty Trust (EPRT) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Essential Properties Realty Trust in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EPRT shares.
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6 Wall Street analysts have issued 12-month price objectives for Essential Properties Realty Trust's shares. Their EPRT share price forecasts range from $22.00 to $29.00. On average, they anticipate the company's share price to reach $25.92 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
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Essential Properties Realty Trust's stock was trading at $23.47 at the beginning of the year. Since then, EPRT shares have increased by 3.7% and is now trading at $24.34.
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Essential Properties Realty Trust saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 5,580,000 shares, a decline of 8.2% from the April 15th total of 6,080,000 shares. Based on an average daily volume of 879,700 shares, the short-interest ratio is presently 6.3 days.
View Essential Properties Realty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our EPRT earnings forecast.

Essential Properties Realty Trust, Inc. (NYSE:EPRT) announced its quarterly earnings results on Wednesday, February, 16th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. Essential Properties Realty Trust had a net margin of 50.10% and a trailing twelve-month return on equity of 6.07%. During the same period last year, the firm earned $0.27 earnings per share.

Essential Properties Realty Trust declared a quarterly dividend on Thursday, March 9th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.275 per share on Friday, April 14th. This represents a $1.10 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for EPRT.

ETFs with the largest weight of Essential Properties Realty Trust (NYSE:EPRT) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Burney U.S. Factor Rotation ETF (BRNY), Invesco S&P SmallCap Financials ETF (PSCF), Invesco DWA Financial Momentum ETF (PFI), Opus Small Cap Value Plus ETF (OSCV), Virtus Real Asset Income ETF (VRAI), Invesco S&P SmallCap Low Volatility ETF (XSLV) and iShares S&P Small-Cap 600 Value ETF (IJS).

Essential Properties Realty Trust (NYSE:EPRT) pays an annual dividend of $1.10 per share and currently has a dividend yield of 4.49%. EPRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 102.80%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EPRT will have a dividend payout ratio of 65.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EPRT.

Essential Properties Realty Trust issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $1.60-$1.64 for the period, compared to the consensus earnings per share estimate of $1.66. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Essential Properties Realty Trust investors own include Crown Castle (CCI), Alibaba Group (BABA), General Electric (GE), NVIDIA (NVDA), AT&T (T), Digital Realty Trust (DLR), Cisco Systems (CSCO), QUALCOMM (QCOM), Bristol-Myers Squibb (BMY) and Walt Disney (DIS).

(EPRT) raised $499 million in an initial public offering on Thursday, June 21st 2018. The company issued 32,200,000 shares at a price of $14.00-$17.00 per share. Goldman Sachs, Citigroup, Barclays, BofA Merrill Lynch and Credit Suisse acted as the underwriters for the IPO and RBC Capital Markets, SunTrust Robinson Humphrey, Evercore ISI and Ladenburg Thalmann were co-managers.

Essential Properties Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "EPRT."

Essential Properties Realty Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.61%), State Street Corp (6.16%), Wellington Management Group LLP (5.94%), Deutsche Bank AG (2.64%), FMR LLC (2.61%) and Geode Capital Management LLC (2.03%). Insiders that own company stock include Gregg A Seibert, Mark E Patten, Peter M Mavoides and Timothy J Earnshaw.
View institutional ownership trends.

Shares of EPRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EPRT stock can currently be purchased for approximately $24.34.

Essential Properties Realty Trust (NYSE:EPRT) has a market capitalization of $3.62 billion and generates $286.51 million in revenue each year. The company earns $134.13 million in net income (profit) each year or $1.07 on an earnings per share basis.

Essential Properties Realty Trust's mailing address is 902 CARNEGIE CENTER BLVD. SUITE 520, PRINCETON NJ, 08540. The official website for the company is www.essentialproperties.com. The company can be reached via phone at (609) 436-0619 or via email at info@essentialproperties.com.