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 / Sales10.98
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$622.11 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 announced a quarterly dividend on Monday, December 10th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.21 per share on Monday, January 14th. This represents a $0.84 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date 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) issued its earnings results on Monday, November, 5th. The company reported $0.12 EPS for the quarter, beating the Zacks' consensus estimate of $0.10 by $0.02. The firm had revenue of $25.74 million for the quarter, compared to analysts' expectations 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 updated its FY 2018 earnings guidance on Monday, November, 5th. The company provided earnings per share (EPS) guidance of $1.11-1.15 for the period.
What price target have analysts set for EPRT?
8 brokers have issued 12-month price targets for Essential Properties Realty Trust's stock. Their forecasts 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 year. This suggests a possible upside of 12.7% 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. " (12/13/2018)
- 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 coverage about EPRT stock has trended somewhat positive on Friday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Essential Properties Realty Trust earned a news impact score of 1.8 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock's share price in the next few days.
Are investors shorting Essential Properties Realty Trust?
Essential Properties Realty Trust saw a decrease in short interest during the month of November. As of November 15th, there was short interest totalling 321,872 shares, a decrease of 48.6% from the October 31st total of 626,617 shares. Based on an average trading volume of 497,575 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.9% of the shares of the company 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 Brandywine Realty Trust (BDN), Columbia Property Trust (CXP), Pebblebrook Hotel Trust (PEB), Acadia Realty Trust (AKR), Potlatchdeltic (PCH), Tanger Factory Outlet Centers (SKT), Colony Credit Real Estate (CLNC), Brookfield Property Reit (BPR), Agree Realty (ADC), Washington Real Estate Investment Trust (WRE), MGM Growth Properties (MGP), QTS Realty Trust (QTS), Lexington Realty Trust (LXP), DiamondRock Hospitality (DRH) and Retail Opportunity Investments (ROIC).
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 $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 public offering on June 21st. The total size of the offering was $455,000,000 based on an initial share price of $14.00. After the end of the company's lock-up period, restrictions preventing major shareholders and company insiders 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 many different of institutional and retail investors. Top institutional shareholders 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 Vanguard Group Inc (2.39%). 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 BlackRock Inc., Deutsche Bank AG, Alliancebernstein L.P., Mesirow Financial Investment Management Equity Management, Vanguard Group Inc, Vanguard Group Inc., Teachers Advisors LLC and American Century Companies Inc.. 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 $13.66.
How big of a company is Essential Properties Realty Trust?
Essential Properties Realty Trust has a market capitalization of $622.11 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.
