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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:EPRT
Previous Symbol
CUSIPN/A
Phone609-306-8676
Debt
Debt-to-Equity Ratio0.62
Current Ratio12.86
Quick Ratio12.86
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$54.49 million
Price / Sales11.42
Cash FlowN/A
Price / Cash FlowN/A
Book ValueN/A
Price / BookN/A
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees19
Outstanding Shares43,750,000
Market Cap$639.17 million
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 declared a quarterly dividend on Monday, December 10th. Stockholders 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 dividend yield of 5.91%. The ex-dividend date of this dividend 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) announced its quarterly earnings results on Monday, November, 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.10 by $0.02. The company earned $25.74 million during the quarter, compared to analyst estimates of $25.60 million. View Essential Properties Realty Trust's Earnings History.
When is Essential Properties Realty Trust's next earnings date?
What guidance has Essential Properties Realty Trust issued on next quarter's earnings?
Essential Properties Realty Trust issued an update on its FY 2018 earnings guidance on Monday, November, 5th. The company provided earnings per share guidance of $1.11-1.15 for the period.
What price target have analysts set for EPRT?
8 equities research analysts have issued 12-month target prices for Essential Properties Realty Trust's shares. Their predictions range from $14.00 to $17.00. On average, they anticipate Essential Properties Realty Trust's stock price to reach $15.40 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price. 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. " (12/12/2018)
- 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 headlines about EPRT stock have trended very positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Essential Properties Realty Trust earned a news impact score of 3.6 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future.
Are investors shorting Essential Properties Realty Trust?
Essential Properties Realty Trust saw a decline in short interest in the month of November. As of November 15th, there was short interest totalling 321,872 shares, a decline of 48.6% from the October 31st total of 626,617 shares. Based on an average trading volume of 497,575 shares, the short-interest ratio is currently 0.6 days. Currently, 0.9% of the shares of the stock are short sold. 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 Columbia Property Trust (CXP), Brandywine Realty Trust (BDN), Apollo Commercial Real Est. Finance (ARI), Pebblebrook Hotel Trust (PEB), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Potlatchdeltic (PCH), Brookfield Property Reit (BPR), Colony Credit Real Estate (CLNC), Washington Real Estate Investment Trust (WRE), Agree Realty (ADC), DiamondRock Hospitality (DRH), Lexington Realty Trust (LXP), QTS Realty Trust (QTS) and MGM Growth Properties (MGP).
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 51)
- Ms. Hillary P. Hai, Sr. VP & CFO (Age 37)
- Mr. Gregg A. Seibert, Exec. VP & COO (Age 54)
- Mr. Daniel Paul Donlan, Sr. VP 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 a price of $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 does the company's lock-up period expire?
Essential Properties Realty Trust's lock-up period expires on Tuesday, December 18th. Essential Properties Realty Trust had issued 32,500,000 shares in its IPO on June 21st. The total size of the offering was $455,000,000 based on an initial share price of $14.00. After the expiration of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
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 Deutsche Bank AG (7.20%), Citadel Advisors LLC (6.55%), BlackRock Inc. (4.91%), Alliancebernstein L.P. (2.98%), Vanguard Group Inc. (2.39%) and Zimmer Partners LP (2.09%). 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?
Which major investors are buying Essential Properties Realty Trust stock?
EPRT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Deutsche Bank AG, Alliancebernstein L.P., Mesirow Financial Investment Management Equity Management, Vanguard Group Inc., Teachers Advisors LLC, American Century Companies Inc. and Russell Investments Group Ltd.. 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 $14.22.
How big of a company is Essential Properties Realty Trust?
Essential Properties Realty Trust has a market capitalization of $639.17 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.
