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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Essential Properties Realty Trust in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EPRT shares.
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6 brokers have issued 1-year target prices for Essential Properties Realty Trust's shares. Their EPRT share price forecasts range from $22.00 to $28.50. On average, they expect the company's share price to reach $25.06 in the next year. This suggests a possible upside of 10.8% 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 stock has decreased by 21.5% and is now trading at $22.62.
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Essential Properties Realty Trust saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 2,350,000 shares, a decline of 24.7% from the October 31st total of 3,120,000 shares. Based on an average trading volume of 861,600 shares, the days-to-cover ratio is currently 2.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our EPRT earnings forecast.

Essential Properties Realty Trust, Inc. (NYSE:EPRT) issued its quarterly earnings data on Wednesday, February, 16th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. Essential Properties Realty Trust had a trailing twelve-month return on equity of 5.68% and a net margin of 46.32%. During the same quarter in the prior year, the firm earned $0.27 EPS.

Essential Properties Realty Trust announced a quarterly dividend on Wednesday, September 7th. Stockholders of record on Friday, September 30th will be given a dividend of $0.27 per share on Friday, October 14th. This represents a $1.08 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Thursday, September 29th.
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 4.67%. 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 110.21%. 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 69.68% 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 updated its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share guidance of $1.52-$1.54 for the period, compared to the consensus earnings per share estimate of $1.61. 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 (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 a price of $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.

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (18.28%), Vanguard Group Inc. (16.35%), State Street Corp (5.85%), Cohen & Steers Inc. (3.00%), Eaton Vance Management (2.21%) and Prudential Financial Inc. (1.34%). 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 $22.62.

Essential Properties Realty Trust (NYSE:EPRT) has a market capitalization of $3.22 billion and generates $230.23 million in revenue each year. The company earns $95.72 million in net income (profit) each year or $0.98 on an earnings per share basis.

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.