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

6 Wall Street equities 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 equities research analysts is that investors should "buy" EPRT shares.
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6 analysts have issued 1 year price targets for Essential Properties Realty Trust's shares. Their EPRT share price forecasts range from $22.00 to $29.00. On average, they predict the company's share price to reach $25.39 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price.
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Essential Properties Realty Trust's stock was trading at $23.47 at the beginning of the year. Since then, EPRT stock has decreased by 1.0% and is now trading at $23.24.
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Essential Properties Realty Trust saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 8,810,000 shares, an increase of 233.7% from the February 13th total of 2,640,000 shares. Based on an average trading volume of 996,600 shares, the days-to-cover ratio is currently 8.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our EPRT earnings forecast.

Essential Properties Realty Trust, Inc. (NYSE:EPRT) posted its quarterly earnings results on Wednesday, February, 16th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Essential Properties Realty Trust had a trailing twelve-month return on equity of 5.65% and a net margin of 46.82%. During the same period in the previous year, the company earned $0.27 EPS.

Essential Properties Realty Trust announced a quarterly dividend on Thursday, March 9th. Shareholders of record on Friday, March 31st will be given a dividend of $0.275 per share on Friday, April 14th. This represents a $1.10 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for EPRT.

ETFs with the largest weight of Essential Properties Realty Trust (NYSE:EPRT) stock in their portfolio include NETLease Corporate Real Estate ETF (NETL), Invesco S&P SmallCap Financials ETF (PSCF), Opus Small Cap Value Plus ETF (OSCV), Virtus Real Asset Income ETF (VRAI), Burney U.S. Factor Rotation ETF (BRNY), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco Active U.S. Real Estate ETF (PSR) and SPDR S&P 600 Small CapValue ETF (SLYV).

Essential Properties Realty Trust (NYSE:EPRT) pays an annual dividend of $1.10 per share and currently has a dividend yield of 4.53%. 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 111.11%. 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 64.71% 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 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share guidance of $1.58-$1.64 for the period, compared to the consensus EPS estimate of $1.65. 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 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 a variety of institutional and retail investors. Top institutional investors include Morgan Stanley (2.99%), T. Rowe Price Investment Management Inc. (2.56%), Geode Capital Management LLC (2.05%), Deutsche Bank AG (2.04%), Millennium Management LLC (1.87%) and Charles Schwab Investment Management Inc. (1.37%). Insiders that own company stock include Gregg A Seibert, Mark E Patten, Peter M Mavoides, 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 $23.24.

Essential Properties Realty Trust (NYSE:EPRT) has a market capitalization of $3.35 billion and generates $286.51 million in revenue each year. The company earns $134.13 million in net income (profit) each year or $0.99 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.