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 services, convenience stores, entertainment, early childhood education, and health and fitness on a long-term basis. As of March 31, 2018, it had a portfolio of 530 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 based in Princeton, New Jersey.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CIKN/A
Phone609-306-8676
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$96.22 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/22/2019 (Estimated)
OptionableOptionable
Essential Properties Realty Trust (NYSE:EPRT) Frequently Asked Questions
What is Essential Properties Realty Trust's stock symbol?
Essential Properties Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "EPRT."
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, March 11th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.21 per share on Tuesday, April 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date is Thursday, March 28th. View Essential Properties Realty Trust's Dividend History.
How were Essential Properties Realty Trust's earnings last quarter?
Essential Properties Realty Trust Inc (NYSE:EPRT) issued its quarterly earnings results on Wednesday, August, 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.12. View Essential Properties Realty Trust's Earnings History.
When is Essential Properties Realty Trust's next earnings date?
What price target have analysts set for EPRT?
9 equities research analysts have issued twelve-month price targets for Essential Properties Realty Trust's stock. Their forecasts range from $14.00 to $20.00. On average, they anticipate Essential Properties Realty Trust's share price to reach $16.7750 in the next year. This suggests that the stock has a possible downside of 9.5%. View Analyst Price Targets for Essential Properties Realty Trust.
What is the consensus analysts' recommendation for Essential Properties Realty Trust?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essential Properties Realty Trust in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Essential Properties Realty Trust.
What are Wall Street analysts saying about Essential Properties Realty Trust stock?
Here are some recent quotes from research analysts about Essential Properties Realty Trust stock:
- 1. According to Zacks Investment Research, "Essential Properties Realty Trust, Inc. is a real estate company. It owns, acquires and manages single-tenant properties which are net leased on a long-term basis to service-oriented and experience-based businesses. The company serves restaurants, car washes, automotive services, medical services, convenience stores, entertainment, early childhood education, health and fitness sector. Essential Properties Realty Trust, Inc. is based in Princeton, New Jersey. " (3/6/2019)
- 2. Boenning Scattergood analysts commented, "We are correcting the addbacks to derive FFO based on company guidance, and our FFO estimate is now $1.15, compared to $1.25. Addbacks are idiosyncratic for many REITs, involving share-based comp, non-cash interest expense, and lease amortization, to name a few line items that caused our confusion. We focus on the calculation of NAV to set our price targets and we believe that NAV will expand from $16.45 at year-end 2018 to $17.50 at year-end 2019, as the company pursues acquisitions of about $400 million, by our estimation. Since we believe that the resulting portfolio will generate stable net operating income that will support dividends and could result in an improved valuation, we maintain an Outperform rating on the shares and raise our target to $18.00, a 3% premium to forward NAV (equal to the premium to trailing NAV)." (3/1/2019)
Has Essential Properties Realty Trust been receiving favorable news coverage?
News stories about EPRT stock have been trending somewhat positive on Tuesday, InfoTrie reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Essential Properties Realty Trust earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future.
Who are some of Essential Properties Realty Trust's key competitors?
Some companies that are related to Essential Properties Realty Trust include Sabra Health Care REIT (SBRA), Stag Industrial (STAG), Outfront Media (OUT), RLJ Lodging Trust (RLJ), Keppel REIT (KREVF), Taubman Centers (TCO), Corporate Office Properties Trust (OFC), Senior Housing Properties Trust (SNH), Empire State Realty Trust (ESRT), Brandywine Realty Trust (BDN), MGM Growth Properties (MGP), Columbia Property Trust (CXP), Retail Properties of America (RPAI), Colony Capital (CLNY) and Apollo Commercial Real Est. Finance (ARI).
What other stocks do shareholders of Essential Properties Realty Trust own?
Who are Essential Properties Realty Trust's key executives?
Essential Properties Realty Trust's management team includes the folowing people:
- Mr. Peter M. Mavoides, Pres, CEO & Director (Age 52)
- Ms. Hillary P. Hai, Sr. VP & CFO (Age 38)
- Mr. Gregg A. Seibert, Exec. VP & COO (Age 55)
- Mr. Daniel Paul Donlan, Sr. VP & Head of Capital Markets
- Mr. A. J. Peil, Sr. VP & Head of Asset Management
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 acted 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 of retail and institutional investors. Top institutional investors include Security Benefit Life Insurance Co. KS (17.80%), BlackRock Inc. (6.84%), Brown Advisory Inc. (5.08%), Frontier Capital Management Co. LLC (3.07%), Principal Financial Group Inc. (2.82%) and Millennium Management LLC (2.35%). Company insiders that own Essential Properties Realty Trust stock include Daniel P Donlan, Eldridge Industries, Llc, Gregg A Seibert, Hillary P Hai, Paul T Bossidy, Peter M Mavoides and Scott A Estes. View Institutional Ownership Trends for Essential Properties Realty Trust.
Which major investors are selling Essential Properties Realty Trust stock?
EPRT stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Millennium Management LLC, Two Sigma Investments LP, Citigroup Inc., Westpac Banking Corp, MetLife Investment Advisors LLC and Mesirow Financial Investment Management Equity Management. View Insider Buying and Selling for Essential Properties Realty Trust.
Which major investors are buying Essential Properties Realty Trust stock?
EPRT stock was acquired by a variety of institutional investors in the last quarter, including Security Benefit Life Insurance Co. KS, Brown Advisory Inc., Frontier Capital Management Co. LLC, BlackRock Inc., Hill Winds Capital LP, Northwood Liquid Management LP, Southside Capital LLC and American Century Companies Inc.. Company insiders that have bought Essential Properties Realty Trust stock in the last two years include Daniel P Donlan, Eldridge Industries, Llc, Gregg A Seibert, Hillary P Hai, Paul T Bossidy, Peter M Mavoides and Scott A Estes. View Insider Buying and Selling for Essential Properties Realty Trust.
How do I buy shares of Essential Properties Realty Trust?
Shares of EPRT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Essential Properties Realty Trust's stock price today?
One share of EPRT stock can currently be purchased for approximately $18.53.
How big of a company is Essential Properties Realty Trust?
Essential Properties Realty Trust has a market capitalization of $811.52 million and generates $96.22 million in revenue each year.
What is Essential Properties Realty Trust's official website?
How can I contact Essential Properties Realty Trust?
Essential Properties Realty Trust's mailing address is 47 HULFISH STREET SUITE 210, PRINCETON NJ, 08542. The company can be reached via phone at 609-306-8676 or via email at [email protected]
MarketBeat Community Rating for Essential Properties Realty Trust (NYSE EPRT)
MarketBeat's community ratings are surveys of what our community members think about Essential Properties Realty Trust and other stocks. Vote "Outperform" if you believe EPRT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EPRT will underperform the S&P 500 over the long term. You may vote once every thirty days.
