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

6 Wall Street 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 analysts is that investors should "buy" EPRT shares.
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6 Wall Street analysts have issued 1-year price objectives for Essential Properties Realty Trust's shares. Their EPRT share price forecasts range from $22.00 to $28.50. On average, they expect the company's share price to reach $24.94 in the next year. This suggests that the stock has a possible downside of 1.9%.
View analysts price targets for EPRT or view top-rated stocks among Wall Street analysts.

Essential Properties Realty Trust's stock was trading at $23.47 at the start of the year. Since then, EPRT stock has increased by 8.4% and is now trading at $25.43.
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Essential Properties Realty Trust saw a drop in short interest in January. As of January 15th, there was short interest totaling 3,100,000 shares, a drop of 14.1% from the December 31st total of 3,610,000 shares. Based on an average daily trading volume, of 905,100 shares, the days-to-cover ratio is currently 3.4 days.
View Essential Properties Realty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our EPRT earnings forecast.

Essential Properties Realty Trust will be holding an earnings conference call on Thursday, February 16th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13735903".

Essential Properties Realty Trust, Inc. (NYSE:EPRT) announced its quarterly earnings data on Wednesday, February, 16th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. Essential Properties Realty Trust had a net margin of 46.32% and a trailing twelve-month return on equity of 5.68%. During the same period last year, the company earned $0.27 earnings per share.

Essential Properties Realty Trust declared a quarterly dividend on Wednesday, November 30th. Stockholders of record on Friday, December 30th will be paid a dividend of $0.275 per share on Friday, January 13th. This represents a $1.10 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, December 29th. This is an increase from the stock's previous quarterly dividend of $0.27.
Read our dividend analysis for EPRT.

Essential Properties Realty Trust (NYSE:EPRT) pays an annual dividend of $1.10 per share and currently has a dividend yield of 4.37%. 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 112.25%. 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 70.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EPRT.

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 (IPO) 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.

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 number of retail and institutional investors. Top institutional investors include New York State Common Retirement Fund (0.28%), DekaBank Deutsche Girozentrale (0.18%), New York State Teachers Retirement System (0.16%), State of Alaska Department of Revenue (0.12%), Exchange Traded Concepts LLC (0.12%) and Sumitomo Mitsui Trust Holdings Inc. (0.11%). Insiders that own company stock include Gregg A Seibert, Mark E Patten, Peter M Mavoides, Scott A Estes, 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 $25.43.

Essential Properties Realty Trust (NYSE:EPRT) has a market capitalization of $3.62 billion and generates $230.23 million in revenue each year. The company earns $95.72 million in net income (profit) each year or $0.98 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.