Essential Properties Realty Trust - EPRT Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Essential Properties Realty Trust in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" EPRT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EPRT, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 12-month price targets for Essential Properties Realty Trust's shares. Their EPRT share price forecasts range from $22.00 to $30.00. On average, they anticipate the company's share price to reach $26.39 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
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Essential Properties Realty Trust's stock was trading at $28.83 at the beginning of 2022. Since then, EPRT shares have decreased by 15.1% and is now trading at $24.47.
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Essential Properties Realty Trust saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,820,000 shares, an increase of 23.6% from the June 15th total of 3,090,000 shares. Based on an average daily volume of 827,400 shares, the days-to-cover ratio is presently 4.6 days.
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Essential Properties Realty Trust is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our EPRT earnings forecast.

Essential Properties Realty Trust, Inc. (NYSE:EPRT) issued its quarterly earnings results on Wednesday, February, 16th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. Essential Properties Realty Trust had a net margin of 44.89% and a trailing twelve-month return on equity of 5.47%. During the same quarter in the previous year, the firm posted $0.27 earnings per share.

Essential Properties Realty Trust declared a quarterly dividend on Monday, June 6th. Investors of record on Thursday, June 30th will be given a dividend of $0.27 per share on Thursday, July 14th. This represents a $1.08 annualized dividend and a yield of 4.41%. The ex-dividend date is Wednesday, June 29th. This is a positive change from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for EPRT.

Essential Properties Realty Trust (NYSE:EPRT) pays an annual dividend of $1.08 per share and currently has a dividend yield of 4.46%. 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 113.68%. 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 65.06% 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 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $1.52-$1.54 for the period. 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 International (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 (IPO) 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.

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 variety of institutional and retail investors. Top institutional investors include Brown Advisory Inc. (1.31%), Russell Investments Group Ltd. (1.18%), Victory Capital Management Inc. (0.66%), B&I Capital AG (0.28%), Hill Winds Capital LP (0.26%) and Swiss National Bank (0.22%). Insiders that own company stock include Gregg A Seibert, Mark E Patten, Peter M Mavoides, Scott A Estes, Stephen D Sautel and Timothy J Earnshaw.
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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 $24.47.

Essential Properties Realty Trust (NYSE:EPRT) has a market capitalization of $3.27 billion and generates $230.23 million in revenue each year. The company earns $95.72 million in net income (profit) each year or $0.95 on an earnings per share basis.

Essential Properties Realty Trust employs 37 workers across the globe.

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.