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

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Essential Properties Realty Trust in the last year. There are currently 8 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?

8 Wall Street research analysts have issued 1-year price targets for Essential Properties Realty Trust's stock. Their EPRT share price targets range from $27.00 to $29.00. On average, they anticipate the company's share price to reach $27.69 in the next twelve months. This suggests a possible upside of 12.8% 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 2023?

Essential Properties Realty Trust's stock was trading at $23.47 at the beginning of 2023. Since then, EPRT stock has increased by 4.6% and is now trading at $24.55. View the best growth stocks for 2023 here .

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024. View our EPRT earnings forecast .

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

Essential Properties Realty Trust, Inc. (NYSE:EPRT) released its quarterly earnings results on Wednesday, February, 16th. The company reported $0.24 earnings per share 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 6.57% and a net margin of 52.65%. During the same period last year, the company 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 Thursday, September 7th. Investors of record on Friday, September 29th will be given a dividend of $0.28 per share on Friday, October 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Thursday, September 28th. 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 $1.12 per share and currently has a dividend yield of 4.72%. 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 94.92%. 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 66.67% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for EPRT .

What ETFs hold Essential Properties Realty Trust's stock?

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

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 $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 investors include Wellington Management Group LLP (5.38%), Invesco Ltd. (3.86%), Morgan Stanley (3.75%), Deutsche Bank AG (3.40%), Deutsche Bank AG (3.40%) and FMR LLC (2.54%). Insiders that own company stock include Gregg A Seibert , 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Top-Rated Dividend StocksTop-Rated Dividend

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

$24.55

+0.80 (+3.37%)

(As of 12/1/2023 ET)

Compare

Today's Range: $23.60
▼
$24.56
50-Day Range: $20.49
▼
$24.55
52-Week Range: $20.49
▼
$26.43

Volume: 1.31 million shs
Average Volume: 1.11 million shs
Market Capitalization: $3.83 billion

P/E Ratio: 20.81
Dividend Yield: 4.56%
Price Target: $27.69

Essential Properties Realty Trust MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 12.8% Upside
$27.69 Price Target
Short Interest: Bearish
5.83% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.13
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.01%
From $1.57 to $1.68 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Finance Sector

264th out of 846 stocks

Real Estate Investment Trusts Industry

50th out of 175 stocks

2.5

Analyst's Opinion

Consensus Rating
Essential Properties Realty Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $27.69, Essential Properties Realty Trust has a forecasted upside of 12.8% from its current price of $24.55.
Amount of Analyst Coverage
Essential Properties Realty Trust has only been the subject of 4 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.83% of the outstanding shares of Essential Properties Realty Trust have been sold short.
Short Interest Ratio / Days to Cover
Essential Properties Realty Trust has a short interest ratio ("days to cover") of 7.
Change versus previous month
Short interest in Essential Properties Realty Trust has recently increased by 1.91%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
Essential Properties Realty Trust is a leading dividend payer. It pays a dividend yield of 4.72%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Essential Properties Realty Trust has been increasing its dividend for 5 years.
Dividend Coverage
The dividend payout ratio of Essential Properties Realty Trust is 94.92%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Essential Properties Realty Trust will have a dividend payout ratio of 66.67% next year. This indicates that Essential Properties Realty Trust will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EPRT.

3.4

News and Social Media Coverage

News Sentiment
Essential Properties Realty Trust has a news sentiment score of 1.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Essential Properties Realty Trust this week, compared to 3 articles on an average week.
Search Interest
7 people have searched for EPRT on MarketBeat in the last 30 days. This is an increase of 40% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Essential Properties Realty Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Essential Properties Realty Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.06% of the stock of Essential Properties Realty Trust is held by insiders.
Percentage Held by Institutions
96.98% of the stock of Essential Properties Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Essential Properties Realty Trust are expected to grow by 7.01% in the coming year, from $1.57 to $1.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Essential Properties Realty Trust is 20.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Essential Properties Realty Trust is 20.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 33.80.
Price to Earnings Growth Ratio
Essential Properties Realty Trust has a PEG Ratio of 2.51. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Essential Properties Realty Trust has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

EPRT Stock News Headlines

December 2, 2023 | seekingalpha.com

Essential Properties Realty Trust: Still Attractive Despite The Convergence In Valuations

December 1, 2023 | americanbankingnews.com

Essential Properties Realty Trust (NYSE:EPRT) Coverage Initiated by Analysts at B. Riley

December 3, 2023 | Wealthpress (Ad)

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November 30, 2023 | msn.com

B. Riley Securities Initiates Coverage of Essential Properties Realty Trust (EPRT) with Buy Recommendation

November 30, 2023 | americanbankingnews.com

Essential Properties Realty Trust (NYSE:EPRT) Price Target Raised to $27.00 at Stifel Nicolaus

November 29, 2023 | americanbankingnews.com

Essential Properties Realty Trust (NYSE:EPRT) Stock Rating Reaffirmed by Truist Financial

November 13, 2023 | msn.com

Real Estate Rut: 3 REITs With Major Growth Potential

November 13, 2023 | markets.businessinsider.com

Essential Properties Realty Trust Appoints Scott Estes To Succeed Paul Bossidy As Chairman

December 3, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

November 13, 2023 | finance.yahoo.com

Essential Properties Realty Trust, Inc. Announces Retirement of Paul T. Bossidy, Chairman of the Board, and Appointment of Scott A. Estes as New Board Chair

October 26, 2023 | msn.com

Essential Properties Will Likely Outgrow Realty Income, But At A Cost

October 25, 2023 | finance.yahoo.com

Essential Properties Announces Third Quarter 2023 Results

October 25, 2023 | finance.yahoo.com

Essential Properties Realty Trust Inc (EPRT) Announces Q3 2023 Results

October 25, 2023 | markets.businessinsider.com

What Wall Street expects from Essential Properties Realty Trust's earnings

October 13, 2023 | msn.com

Equity REITs raise 84.7% more capital in September from last year

September 27, 2023 | finance.yahoo.com

Essential Properties Realty Trust, Inc. to Report Third Quarter 2023 Results on October 25, 2023

September 25, 2023 | finance.yahoo.com

The Zacks Analyst Blog Highlights Welltower, AvalonBay Communities, SBA Communications Corp. and Essential Properties Realty Trust

September 23, 2023 | seekingalpha.com

Essential Properties: Well Positioned To Deliver Positive Returns

September 22, 2023 | msn.com

Wells Fargo Initiates Coverage of Essential Properties Realty Trust (EPRT) with Overweight Recommendation

September 14, 2023 | msn.com

Essential Properties: I Bought The Debt, But I Didn't Buy The Equity

August 24, 2023 | finance.yahoo.com

Essential Properties Realty Trust, Inc. Announces New $450 Million 5.5 Year Unsecured Term Loan

August 19, 2023 | finance.yahoo.com

Investors in Essential Properties Realty Trust (NYSE:EPRT) have seen solid returns of 104% over the past five years

August 14, 2023 | msn.com

Essential Properties: Rising Cash-On-Cash Returns, But Beware Of Emerging Risks

August 10, 2023 | seekingalpha.com

Essential Properties Realty Trust, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 9, 2023 | markets.businessinsider.com

Essential Properties Realty (EPRT) Gets a Buy from Truist Financial

August 1, 2023 | markets.businessinsider.com

Stifel Nicolaus Remains a Buy on Essential Properties Realty (EPRT)

July 31, 2023 | markets.businessinsider.com

Mizuho Securities Remains a Buy on Essential Properties Realty (EPRT)

See More Headlines

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Company Calendar

Last Earnings: 2/16/2022
Ex-Dividend for 10/13 Dividend: 9/28/2023
Dividend Payable: 10/13/2023
Today: 12/02/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/21/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:EPRT
CUSIP: N/A
CIK: 1728951
Web: www.essentialproperties.com
Phone: (609) 436-0619
Fax: N/A
Employees: 37
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $27.69
High Stock Price Target: $29.00
Low Stock Price Target: $27.00
Potential Upside/Downside: +12.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.18
Trailing P/E Ratio: 20.81
Forward P/E Ratio: 15.64
P/E Growth: 2.51
Net Income: $134.13 million
Net Margins: 52.65%
Pretax Margin: 53.06%
Return on Equity: 6.57%
Return on Assets: 4.17%

Debt

Debt-to-Equity Ratio: 0.56
Current Ratio: 5.47
Quick Ratio: 5.47

Sales & Book Value

Annual Sales: $286.51 million
Price / Sales: 13.37
Cash Flow: $1.66 per share
Price / Cash Flow: 14.76
Book Value: $18.19 per share
Price / Book: 1.35

Miscellaneous

Outstanding Shares: 156,020,000
Free Float: 154,370,000
Market Cap: $3.83 billion
Optionable: Optionable
Beta: 1.25

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Key Executives

Mr. Peter M. Mavoides (Age 56)
President, CEO & Director
Comp: $1.77M
Mr. Mark E. Patten (Age 59)
Executive VP, CFO, Treasurer & Secretary
Comp: $1.19M
Mr. Max Jenkins
Senior VP & Head of Investments
Mr. Timothy J. Earnshaw (Age 37)
Senior VP & Chief Accounting Officer
Mr. A. J. Peil
Senior VP & Head of Asset Management
Ms. Kristin M. Walker J.D.
Senior Vice President of Real Estate Counsel
Mr. Robert W. Salisbury C.F.A.
Senior VP & Head of Capital Markets

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

EPRT Stock Analysis - Frequently Asked Questions

Should I buy or sell Essential Properties Realty Trust stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Essential Properties Realty Trust in the last year. There are currently 8 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?: 8 Wall Street research analysts have issued 1-year price targets for Essential Properties Realty Trust's stock. Their EPRT share price targets range from $27.00 to $29.00. On average, they anticipate the company's share price to reach $27.69 in the next twelve months. This suggests a possible upside of 12.8% 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 2023?: Essential Properties Realty Trust's stock was trading at $23.47 at the beginning of 2023. Since then, EPRT stock has increased by 4.6% and is now trading at $24.55.
View the best growth stocks for 2023 here.
When is Essential Properties Realty Trust's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our EPRT earnings forecast.
How were Essential Properties Realty Trust's earnings last quarter?: Essential Properties Realty Trust, Inc. (NYSE:EPRT) released its quarterly earnings results on Wednesday, February, 16th. The company reported $0.24 earnings per share 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 6.57% and a net margin of 52.65%. During the same period last year, the company 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 Thursday, September 7th. Investors of record on Friday, September 29th will be given a dividend of $0.28 per share on Friday, October 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Thursday, September 28th.
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 $1.12 per share and currently has a dividend yield of 4.72%. 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 94.92%. 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 66.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EPRT.
What ETFs hold Essential Properties Realty Trust's stock?: ETFs with the largest weight of Essential Properties Realty Trust (NYSE:EPRT) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Invesco S&P SmallCap Financials ETF (PSCF), Invesco Dorsey Wright Financial Momentum ETF (PFI), Opus Small Cap Value Plus ETF (OSCV), Virtus Real Asset Income ETF (VRAI), Burney U.S. Factor Rotation ETF (BRNY), SPDR S&P 600 Small CapValue ETF (SLYV) and iShares S&P Small-Cap 600 Value ETF (IJS).
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 $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 investors include Wellington Management Group LLP (5.38%), Invesco Ltd. (3.86%), Morgan Stanley (3.75%), Deutsche Bank AG (3.40%), Deutsche Bank AG (3.40%) and FMR LLC (2.54%). Insiders that own company stock include Gregg A Seibert, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:EPRT) was last updated on 12/3/2023 by MarketBeat.com Staff

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