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NYSE:EPRT

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

$25.08
-0.29 (-1.14%)
(As of 08/16/2022 05:26 PM ET)
Add
Compare
Today's Range
$25.05
$25.38
50-Day Range
$20.08
$25.39
52-Week Range
$19.73
$32.92
Volume
514,224 shs
Average Volume
897,543 shs
Market Capitalization
$3.35 billion
P/E Ratio
26.40
Dividend Yield
4.26%
Price Target
$26.39

Essential Properties Realty Trust MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
5.2% Upside
$26.39 Price Target
Short Interest
Healthy
2.28% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.41mentions of Essential Properties Realty Trust in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$434,360 Bought Last Quarter
Proj. Earnings Growth
7.84%
From $1.53 to $1.65 Per Share

Overall MarketRank

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

2.46 out of 5 stars

Finance Sector

369th out of 924 stocks

Real Estate Investment Trusts Industry

65th out of 197 stocks

EPRT stock logo

About Essential Properties Realty Trust (NYSE:EPRT) Stock

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.

Analyst Upgrades and Downgrades

EPRT has been the topic of several analyst reports. Citigroup lifted their price objective on Essential Properties Realty Trust to $24.00 in a report on Tuesday, August 9th. The Goldman Sachs Group cut Essential Properties Realty Trust from a "buy" rating to a "neutral" rating and dropped their price target for the company from $31.00 to $26.00 in a report on Wednesday, May 25th. Credit Suisse Group reissued a "neutral" rating and issued a $22.00 price target on shares of Essential Properties Realty Trust in a research report on Thursday, June 23rd. Raymond James lowered their target price on shares of Essential Properties Realty Trust from $28.00 to $25.00 and set an "outperform" rating on the stock in a research report on Friday, July 8th. Finally, Truist Financial dropped their price objective on Essential Properties Realty Trust from $32.00 to $28.00 and set a "na" rating on the stock in a research note on Monday, May 16th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Essential Properties Realty Trust presently has a consensus rating of "Hold" and a consensus price target of $26.39.

Essential Properties Realty Trust Stock Down 1.0 %

Essential Properties Realty Trust stock traded down $0.25 during mid-day trading on Tuesday, reaching $25.12. The stock had a trading volume of 40,171 shares, compared to its average volume of 1,112,529. Essential Properties Realty Trust has a fifty-two week low of $19.73 and a fifty-two week high of $32.92. The firm has a market capitalization of $3.36 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 2.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.25 and a current ratio of 3.25. The stock's 50-day simple moving average is $22.56 and its 200-day simple moving average is $23.85.

Essential Properties Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, June 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Wednesday, June 29th. This is an increase from Essential Properties Realty Trust's previous quarterly dividend of $0.26. Essential Properties Realty Trust's payout ratio is presently 113.68%.

Insider Activity

In related news, CEO Peter M. Mavoides bought 20,000 shares of Essential Properties Realty Trust stock in a transaction dated Monday, June 13th. The stock was purchased at an average cost of $20.68 per share, with a total value of $413,600.00. Following the transaction, the chief executive officer now directly owns 459,170 shares of the company's stock, valued at $9,495,635.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.27% of the stock is currently owned by corporate insiders.

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EPRT Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
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Expert Ratings for Essential Props Realty
3 Best REITs To Buy To Fight Inflation
See More Headlines
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EPRT Company Calendar

Last Earnings
2/16/2022
Ex-Dividend for 7/14 Dividend
6/29/2022
Dividend Payable
7/14/2022
Today
8/16/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$26.39
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$22.00
Forecasted Upside/Downside
+5.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$95.72 million
Pretax Margin
45.36%

Debt

Sales & Book Value

Annual Sales
$230.23 million
Cash Flow
$1.39 per share
Book Value
$16.81 per share

Miscellaneous

Free Float
131,925,000
Market Cap
$3.35 billion
Optionable
Optionable
Beta
1.31














EPRT Stock - Frequently Asked Questions

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

5 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 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
View EPRT analyst ratings
or view top-rated stocks.

What is Essential Properties Realty Trust's stock price forecast for 2022?

5 equities research analysts have issued 1-year target prices for Essential Properties Realty Trust's stock. Their EPRT share price forecasts range from $22.00 to $30.00. On average, they predict the company's share price to reach $26.39 in the next twelve months. This suggests a possible upside of 4.0% 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 2022?

Essential Properties Realty Trust's stock was trading at $28.83 at the start of the year. Since then, EPRT stock has decreased by 12.0% and is now trading at $25.37.
View the best growth stocks for 2022 here
.

Are investors shorting Essential Properties Realty Trust?

Essential Properties Realty Trust saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,050,000 shares, a decrease of 10.6% from the July 15th total of 3,410,000 shares. Based on an average daily volume of 958,700 shares, the short-interest ratio is presently 3.2 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 Monday, November 7th 2022.
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 (EPS) for the quarter, beating the consensus estimate 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 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 declared a quarterly dividend on Monday, June 6th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend 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
.

Is Essential Properties Realty Trust a good dividend stock?

Essential Properties Realty Trust (NYSE:EPRT) pays an annual dividend of $1.08 per share and currently has a dividend yield of 4.25%. 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 65.45% 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 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $1.52-$1.54 for the period. 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 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).

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.

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."

Who are Essential Properties Realty Trust's major shareholders?

Essential Properties Realty Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (5.85%), Deutsche Bank AG (3.42%), FMR LLC (2.23%), Millennium Management LLC (1.47%), Northern Trust Corp (1.32%) and Brown Advisory Inc. (1.31%). 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.
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.

What is Essential Properties Realty Trust's stock price today?

One share of EPRT stock can currently be purchased for approximately $25.37.

How much money does Essential Properties Realty Trust make?

Essential Properties Realty Trust (NYSE:EPRT) has a market capitalization of $3.39 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.

How can I contact Essential Properties Realty Trust?

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.

This page (NYSE:EPRT) was last updated on 8/16/2022 by MarketBeat.com Staff

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