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

$24.28
-0.29 (-1.18%)
(As of 02/26/2024 ET)
Today's Range
$24.27
$24.71
50-Day Range
$24.19
$26.28
52-Week Range
$20.49
$26.43
Volume
714,857 shs
Average Volume
1.07 million shs
Market Capitalization
$4.03 billion
P/E Ratio
19.58
Dividend Yield
4.70%
Price Target
$27.94

Essential Properties Realty Trust MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.6% Upside
$27.94 Price Target
Short Interest
Bearish
3.76% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.61mentions of Essential Properties Realty Trust in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$2.32 M Sold Last Quarter
Proj. Earnings Growth
5.29%
From $1.70 to $1.79 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.13 out of 5 stars

Finance Sector

280th out of 841 stocks

Real Estate Investment Trusts Industry

64th out of 178 stocks


EPRT stock logo

About Essential Properties Realty Trust Stock (NYSE:EPRT)

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. As of December 31, 2021, it had a portfolio of 1, 451 properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2016 and is headquartered in Princeton, New Jersey.

EPRT Stock Price History

EPRT Stock News Headlines

Essential Properties: Priced For Value, Poised For Growth
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Essential Properties Realty Trust Inc.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Essential Properties Announces Fourth Quarter 2023 Results
Evaluating Essential Props Realty: Insights From 6 Financial Analysts
Essential Properties Realty Trust Inc EPRT
5 Analysts Have This To Say About Essential Props Realty
True Compounding: The Essential Stocks
See More Headlines
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Company Calendar

Last Earnings
2/16/2022
Ex-Dividend for 1/12 Dividend
12/28/2023
Dividend Payable
1/12/2024
Today
2/26/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
37
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$27.94
High Stock Price Target
$29.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+14.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$190.71 million
Pretax Margin
53.41%

Debt

Sales & Book Value

Annual Sales
$359.60 million
Cash Flow
$1.78 per share
Book Value
$17.94 per share

Miscellaneous

Free Float
164,342,000
Market Cap
$4.05 billion
Optionable
Optionable
Beta
1.30
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EPRT Stock Analysis - Frequently Asked Questions

Should I buy or sell Essential Properties Realty Trust stock right now?

9 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 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EPRT shares.
View EPRT analyst ratings
or view top-rated stocks.

What is Essential Properties Realty Trust's stock price target for 2024?

9 brokerages have issued 12-month price objectives for Essential Properties Realty Trust's shares. Their EPRT share price targets range from $27.00 to $29.00. On average, they anticipate the company's stock price to reach $27.94 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price.
View analysts price targets for EPRT
or view top-rated stocks among Wall Street analysts.

How have EPRT shares performed in 2024?

Essential Properties Realty Trust's stock was trading at $25.56 at the beginning of 2024. Since then, EPRT stock has decreased by 4.6% and is now trading at $24.38.
View the best growth stocks for 2024 here
.

Are investors shorting Essential Properties Realty Trust?

Essential Properties Realty Trust saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 6,240,000 shares, an increase of 26.3% from the January 15th total of 4,940,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the short-interest ratio is currently 5.1 days.
View Essential Properties Realty Trust's Short Interest
.

When is Essential Properties Realty Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our EPRT earnings forecast
.

How were Essential Properties Realty Trust's earnings last quarter?

Essential Properties Realty Trust, Inc. (NYSE:EPRT) announced its quarterly earnings data on Wednesday, February, 16th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Essential Properties Realty Trust had a trailing twelve-month return on equity of 6.77% and a net margin of 53.03%. During the same period last year, the business earned $0.27 EPS.

How often does Essential Properties Realty Trust pay dividends? What is the dividend yield for Essential Properties Realty Trust?

Essential Properties Realty Trust announced a quarterly dividend on Monday, December 4th. Shareholders of record on Friday, December 29th will be given a dividend of $0.285 per share on Friday, January 12th. This represents a $1.14 annualized dividend and a yield of 4.68%. The ex-dividend date is Thursday, December 28th. This is a positive change from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for EPRT
.

Is Essential Properties Realty Trust a good dividend stock?

Essential Properties Realty Trust (NYSE:EPRT) pays an annual dividend of $1.14 per share and currently has a dividend yield of 4.64%. 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 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 91.94%. 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 63.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EPRT.

What guidance has Essential Properties Realty Trust issued on next quarter's earnings?

Essential Properties Realty Trust issued an update on its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share guidance of 1.710-1.750 for the period, compared to the consensus earnings per share estimate of 1.830. The company issued revenue guidance of -.

What other stocks do shareholders of Essential Properties Realty Trust own?

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).

When did Essential Properties Realty Trust IPO?

(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 served as the underwriters for the IPO and RBC Capital Markets, SunTrust Robinson Humphrey, Evercore ISI and Ladenburg Thalmann were co-managers.

Who are Essential Properties Realty Trust's major shareholders?

Essential Properties Realty Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.61%), Russell Investments Group Ltd. (1.57%), Principal Financial Group Inc. (1.51%), Charles Schwab Investment Management Inc. (1.34%), Dimensional Fund Advisors LP (1.34%) and Northern Trust Corp (1.19%). Insiders that own company stock include Mark E Patten, Peter M Mavoides and Timothy J Earnshaw.
View institutional ownership trends
.

How do I buy shares of Essential Properties Realty Trust?

Shares of EPRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EPRT) was last updated on 2/26/2024 by MarketBeat.com Staff