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 December 31, 2018, it had a portfolio of 677 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
CIKN/A
Phone609-306-8676
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$96.22 million
Profitability
Miscellaneous
Employees18
Next Earnings Date8/14/2019 (Estimated)
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, March 11th. Investors of record on Friday, March 29th will be given a dividend of $0.21 per share on Tuesday, April 16th. This represents a $0.84 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, March 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 earnings results on Wednesday, May, 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by $0.14. The firm had revenue of $31.11 million for the quarter, compared to analysts' expectations of $29.27 million. Essential Properties Realty Trust had a net margin of 19.25% and a return on equity of 2.40%. 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?
11 equities research analysts have issued 1-year price targets for Essential Properties Realty Trust's shares. Their predictions range from $14.00 to $21.50. On average, they expect Essential Properties Realty Trust's share price to reach $18.0778 in the next twelve months. This suggests that the stock has a possible downside of 13.4%. View Analyst Price Targets for Essential Properties Realty Trust.
What is the consensus analysts' recommendation for Essential Properties Realty Trust?
11 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, 3 hold ratings and 7 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. " (5/6/2019)
- 2. Boenning Scattergood analysts commented, "We assume that the overallotment option will be fully exercised, bringing the net proceeds of the issuance to $235 million. This increased total shares and units outstanding by 22% and increased the float by 40%. Most importantly, the transaction increased EPRT’s buying capacity, and we are revising our earnings estimates to reflect increased acquisition activity. To the downside, issuing a sizeable number of shares results in some earnings dilution until the cash is fully invested and levered, but we are fairly confident that EPRT’s experienced management team will be able to leverage its relationships to source an adequate volume of off-market transactions and that the infrastructure of the company is scalable." (3/20/2019)
Has Essential Properties Realty Trust been receiving favorable news coverage?
Headlines about EPRT stock have trended somewhat positive recently, according to InfoTrie. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 1.4 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely 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 decline in short interest in April. As of April 15th, there was short interest totalling 529,918 shares, a decline of 55.1% from the March 29th total of 1,180,245 shares. Based on an average daily volume of 550,401 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.9% of the shares of the 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 CubeSmart (CUBE), AmeriCold Realty Trust (COLD), EPR Properties (EPR), Macerich (MAC), Healthcare Trust Of America (HTA), JBG SMITH Properties (JBGS), Brixmor Property Group (BRX), Howard Hughes (HHC), Highwoods Properties (HIW), Blackstone Mortgage Trust (BXMT), Life Storage (LSI), First Industrial Realty Trust (FR), PS Business Parks (PSB), Ryman Hospitality Properties (RHP) and Hospitality Properties Trust (HPT).
What other stocks do shareholders of Essential Properties Realty Trust own?
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 37)
- Mr. Gregg A. Seibert, Exec. VP, COO & Sec. (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 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.
Who are Essential Properties Realty Trust's major shareholders?
Essential Properties Realty Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.07%), Frontier Capital Management Co. LLC (3.49%), Principal Financial Group Inc. (2.44%), Janus Henderson Group PLC (1.52%), Voya Investment Management LLC (1.33%) and Heitman Real Estate Securities LLC (1.05%). 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 institutional investors are selling Essential Properties Realty Trust stock?
EPRT stock was sold by a variety of institutional investors in the last quarter, including Hill Winds Capital LP, Voya Investment Management LLC, Pentwater Capital Management LP, Menta Capital LLC, Quantitative Systematic Strategies LLC, Morgan Stanley, Marshall Wace LLP and Teachers Insurance & Annuity Association of America. View Insider Buying and Selling for Essential Properties Realty Trust.
Which institutional investors are buying Essential Properties Realty Trust stock?
EPRT stock was bought by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, FMR LLC, Lazard Asset Management LLC, Principal Financial Group Inc., Long Pond Capital LP, Loomis Sayles & Co. L P, Boston Partners and Heitman Real Estate Securities LLC. 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 $20.88.
How big of a company is Essential Properties Realty Trust?
Essential Properties Realty Trust has a market capitalization of $1.57 billion and generates $96.22 million in revenue each year. Essential Properties Realty Trust employs 18 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.
