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
Phone609-306-8676
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$54.49 million
Profitability
Miscellaneous
Employees19
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, December 10th. Investors of record on Monday, December 31st will be given a dividend of $0.21 per share on Monday, January 14th. This represents a $0.84 annualized dividend and a yield of 5.10%. The ex-dividend date is Friday, December 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 data on Wednesday, August, 8th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters' 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?
8 brokers have issued twelve-month price targets for Essential Properties Realty Trust's shares. Their forecasts range from $14.00 to $17.00. On average, they expect Essential Properties Realty Trust's share price to reach $15.40 in the next twelve months. This suggests that the stock has a possible downside of 6.4%. View Analyst Price Targets for Essential Properties Realty Trust.
What is the consensus analysts' recommendation for Essential Properties Realty Trust?
8 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, 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (2/14/2019)
- 2. Boenning Scattergood analysts commented, "We are initiating coverage of Trust (EPRT) with an Outperform rating and a $17 price target. EPRT acquires free-standing, single-tenant commercial real estate leased to middle-market companies that are primarily in service businesses. These properties are considered by the tenant to be essential to the generation of revenues. Middle-market companies (with revenues between $20 million and $500 million) do not have the same access to capital that larger companies enjoy, so EPRT can offer terms that are attractive relative to other capital providers and still generate good risk-adjusted returns for its shareholders." (12/12/2018)
Has Essential Properties Realty Trust been receiving favorable news coverage?
News stories about EPRT stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Essential Properties Realty Trust earned a media sentiment score of 1.1 on InfoTrie's scale. They also gave media stories about the company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the company's share price in the immediate future.
Are investors shorting Essential Properties Realty Trust?
Essential Properties Realty Trust saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 552,628 shares, a drop of 48.7% from the December 31st total of 1,076,459 shares. Based on an average daily trading volume, of 264,793 shares, the short-interest ratio is presently 2.1 days. Approximately 1.6% of the company's stock are sold short. View Essential Properties Realty Trust's Current Options Chain.
Who are some of Essential Properties Realty Trust's key competitors?
Some companies that are related to Essential Properties Realty Trust include Brandywine Realty Trust (BDN), The GEO Group (GEO), Corporate Office Properties Trust (OFC), Retail Properties of America (RPAI), MGM Growth Properties (MGP), Empire State Realty Trust (ESRT), Columbia Property Trust (CXP), Brookfield Property Reit (BPR), Acadia Realty Trust (AKR), Apollo Commercial Real Est. Finance (ARI), Corecivic (CXW), Great Portland Estates (GPEAF), Pebblebrook Hotel Trust (PEB), Lexington Realty Trust (LXP) and QTS Realty Trust (QTS).
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 (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.
When did the company's lock-up period expire?
Essential Properties Realty Trust's lock-up period expired on Tuesday, December 18th. Essential Properties Realty Trust had issued 32,500,000 shares in its public offering on June 21st. The total size of the offering was $455,000,000 based on an initial share price of $14.00. Since the expiration of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company have been lifted.
Who are Essential Properties Realty Trust's major shareholders?
Essential Properties Realty Trust's stock is owned by a number of of institutional and retail 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 Mesirow Financial Investment Management Equity Management (1.78%). 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., 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 bought 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 Bank of New York Mellon Corp. 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 $16.46.
How big of a company is Essential Properties Realty Trust?
Essential Properties Realty Trust has a market capitalization of $720.13 million and generates $54.49 million in revenue each year. Essential Properties Realty Trust employs 19 workers across the globe.
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.
