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 Date5/8/2019 (Confirmed)
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, March 11th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.21 per share on Tuesday, April 16th. This represents a $0.84 annualized dividend and a dividend yield of 4.20%. 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?
When is Essential Properties Realty Trust's next earnings date?
What price target have analysts set for EPRT?
11 brokers have issued 1 year price targets for Essential Properties Realty Trust's stock. Their forecasts range from $14.00 to $21.50. On average, they expect Essential Properties Realty Trust's stock price to reach $17.6333 in the next twelve months. This suggests that the stock has a possible downside of 11.7%. 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. " (3/21/2019)
- 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?
News stories about EPRT stock have trended somewhat positive recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Essential Properties Realty Trust earned a news sentiment score of 1.5 on InfoTrie's scale. They also gave media stories about the company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
Are investors shorting Essential Properties Realty Trust?
Essential Properties Realty Trust saw a decrease in short interest during the month of April. As of April 15th, there was short interest totalling 529,918 shares, a decrease of 55.1% from the March 29th total of 1,180,245 shares. Based on an average daily volume of 550,401 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% 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 EPR Properties (EPR), Macerich (MAC), Healthcare Trust Of America (HTA), Brixmor Property Group (BRX), JBG SMITH Properties (JBGS), Howard Hughes (HHC), AmeriCold Realty Trust (COLD), Highwoods Properties (HIW), First Industrial Realty Trust (FR), Life Storage (LSI), Blackstone Mortgage Trust (BXMT), Hospitality Properties Trust (HPT), Ryman Hospitality Properties (RHP), Eastgroup Properties (EGP) and Pebblebrook Hotel Trust (PEB).
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 $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 number of of institutional and retail investors. Top institutional shareholders include Manning & Napier Group LLC (0.26%), Strs Ohio (0.07%), Quantitative Systematic Strategies LLC (0.07%), Virtu Financial LLC (0.05%), Foundry Partners LLC (0.04%) and State of Alaska Department of Revenue (0.02%). 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?
Which institutional investors are buying Essential Properties Realty Trust stock?
EPRT stock was purchased by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Virtu Financial LLC, BNP Paribas Arbitrage SA, RMR Advisors LLC, Nisa Investment Advisors LLC, Foundry Partners LLC and State of Alaska Department of Revenue. 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 $19.98.
How big of a company is Essential Properties Realty Trust?
Essential Properties Realty Trust has a market capitalization of $1.50 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.
